CapitaLand Ascendas REIT to buy 3 SG industrial properties for $565.8m

The properties are 2 Pioneer Sector 1, Tuas Connection, and 9 Kallang Sector.

CapitaLand Ascendas REIT Management has announced it will acquire three industrial properties in Singapore for about $565.8m.

The portfolio includes 2 Pioneer Sector 1 (logistics), Tuas Connection (light industrial), and 9 Kallang Sector (high-spec industrial) from Vita Partners. The deal is expected to close by Q1 2026.

William Tay, CEO of CapitaLand Ascendas REIT, said the acquisitions strengthen the REIT’s Singapore presence and follow recent purchases of a Tier III data centre and a premium business space property in August 2025.

He added that the properties are fully leased to reputable tenants in technology, logistics, and life sciences, with a weighted average lease expiry of 5.5 years and built-in rental escalations, boosting CLAR’s income stability.