SINGAPORE (Nov 25): On Nov 1, Ascendas Real Estate Investment Trust (REIT) announced the proposed acquisition of 28 properties in the US and two business parks in Singapore for $1.66 billion from immediate parent Ascendas-Singbridge, now part of CapitaLand. Including expenses, the acquisition cost is likely to be $1.706 billion. This is being funded via a 16-for-100 rights issue at $2.63 a unit to raise $1.31 billion.

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