CapitaLand Ascendas REIT today reported the successful completion and pricing of its equity fund-raising exercise, which combined a private placement and a non-renounceable preferential offering to secure gross proceeds of approximately 903.5 million Singapore dollars.
The private placement was oversubscribed, resulting in the issuance of 249.377 million new units at 2.406 Singapore dollars per unit, a 4.2 % discount to the previous day’s volume-weighted average price. The preferential offering will issue 129.134664 million new units to eligible unitholders on the basis of 28 units for every 1,000 existing units held as of the record date, at 2.35 Singapore dollars per unit.
Proceeds total about 600.0 million Singapore dollars from the private placement and 303.5 million Singapore dollars from the preferential offering. The funds are earmarked mainly to part-finance completed and pending acquisitions, including: • 113.6 million Singapore dollars for three Singapore industrial properties (2 Pioneer Sector 1, Tuas Connection and 9 Kallang Sector) • 57.9 million Singapore dollars for DHL Canal Winchester in Ohio, United States • 108.6 million Singapore dollars for six logistics assets in Barcelona and Madrid, Spain • 218.3 million Singapore dollars for a logistics estate at 25 Loyang Crescent, Singapore • 93.5 million Singapore dollars for a 50 % stake in Ascent at Singapore Science Park 1 • 188.3 million Singapore dollars for a 49 % interest in a data centre in Greater Osaka, Japan • 30.4 million Singapore dollars for a potential light industrial asset in Singapore • 82.2 million Singapore dollars for a potential ramp-up logistics facility in Singapore • 10.7 million Singapore dollars for related fees and expenses, with any balance reserved for general corporate or working-capital purposes.
Trading of the new private placement units on the Singapore Exchange is slated to begin at 9:00 a.m. on Apr, 2 2026.
DBS Bank Ltd. took up 6.75 million units on a proprietary basis; the Singapore Exchange granted approval for this allocation subject to standard conditions.