Ascendas REIT acquires CBD fringe office property in Australia for $90 mil

SINGAPORE (Sept 25): Ascendas Funds Management, the manager of Ascendas REIT, has completed its acquisition of a CBD fringe office property located at No. 100 Wickham Street in Queensland, Australia for A$83.8 million ($89.8 million) from 100W.

The freehold 14-storey office building is currently fully occupied with key tenants like the State of Queensland department of Health and three data centre operators.

The property has a total lettable floor area of 13,131 sqm and is located 450m from Brisbane’s CBD.

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