CapitaLand Ascendas REIT Expands US Logistics Portfolio with DHL Logistics Center Purchase

MT Newswires

2024/12/19

CapitaLand Ascendas REIT (SGX:A17U) agreed to acquire DHL Indianapolis Logistics Center for SG$150.3 million, expanding its US logistics portfolio, a filing with the Singapore Exchange said on Tuesday.

The company will buy the logistics center from Excel Inc., doing business as DHL Supply Chain USA.

The class A logistics property is located in Indiana, US, which will account for 42.3% of the REIT's US logistics assets under management.

The single-story logistics building has a gross floor area of 979,649 square feet and a weighted average lease expiry of around 11 years.

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