CBRE labels Singapore ‘Most Reliable’ as CapitaLand Ascendas REIT spends $1.41b
Loh Lee Fen cited Singapore’s economic fundamentals and political stability driving industrial deals.
CBRE highlighted strong investor demand for high-quality industrial assets in Singapore following CapitaLand Ascendas REIT’s (CLAR) acquisition of 25 Loyang Crescent, a cluster of ramp-up logistics and industrial buildings, for $504.2m.
Singapore remains one of the region’s most reliable investment destinations, supported by economic fundamentals, political stability, and long-term lease security, said Ms Loh Lee Fen, Head of Industrial Capital Markets, Singapore at CBRE through a press statement.
She added that low interest rates and strong tenant covenants are boosting demand for well-stabilised industrial assets.
The acquisition is part of CLAR’s $1.41b expansion, which also includes a 50% stake in Ascent at 2 Science Park Drive for $245m and a 49% interest in a Tier III hyperscale data centre in Greater Osaka, Japan, for $620.7m.
A global sovereign wealth fund acquired the remaining 50% stake in Ascent, while the Japan asset is co-owned with a fund managed by Mitsui & Co. Realty Management Ltd.
CLAR expects the acquisitions to strengthen portfolio quality, increase occupancy and lease tenures, and be distribution per unit (DPU) accretive.
The 50% stake in Ascent has closed, with the other acquisitions due in Q2 and Q3 2026.