SINGAPORE (Mar 31): Ascendas Real Estate Investment Trust (Ascendas REIT) has acquired a 25% stake in business park property Galaxis for $102.9 million, the manager announced Tuesday.

Located at 1 & 3 Fusionopolis Place in Singapore’s one-north precinct, the property has a gross floor area (GFA) of 68,835 sqm and a net lettable area (NLA) of 60,752 sqm.

The remaining lease tenure of the land is around 52 years.

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