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Galaxis
REITs
Ascendas REIT to acquire remaining 75% stake in Galaxis for $534.4 mil
The acquisition is said to be DPU-accretive with the REIT's pro forma DPU for the current FY to be an improvement of 5.9 cents.
May 04, 2021
REITs
Ascendas REIT acquires 25% stake in business park property Galaxis for $102.9 mil
The acquisition is DPU accretive and is expected to generate a net property income yield of 6.1% post-transaction costs.
April 01, 2020