Ascendas REIT to buy business parks from CapitaLand for S$1.7 billion

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SINGAPORE: Ascendas Real Estate Investment Trust said on Friday (Oct 31) it is buying 30 business parks in the United States and Singapore for about S$1.66 billion from its controlling unit holder CapitaLand. The deal marks Ascendas REIT’s entry into the United States, where it is buying 28 …