Ascendas REIT reallocates assets to Australia

It divested assets in China while expanding presence down under.

Ascendas real estate investment trust is making a strategic move in divesting its assets to China and increasing its exposure in Australia.

According to RHB, Ascendas divested all its three industrial properties in China.

"The properties were divested well above book value and is positive amid current challenges, especially in Tier-2 and Tier-3 cities, in China’s industrial property segment," RHB said.

On the other hand, it has decided to increase its presence in Australia's industrial property market, from which 13% of its portfolio is located.

"We think this is a good opportunistic move by the REIT as Australian assets provides stability, with their triple net lease structure and a built-in annual rental escalation of 3-4% pa. The high cap rates (~7%) of Australian industrial properties also allows it favourable yield accretive acquisitions in future," the brokerage firm noted.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia