CapitaLand Ascendas REIT (SGX:A17U) agreed to acquire Class A Logistics Property in Columbus, Ohio from DHL Supply Chain Inc. for $73.8 million on January 16, 2026. The purchase consideration of $73.8 million was negotiated on a willing-buyer and willing-seller basis, and is payable in cash. The total acquisition cost of $75.3 million comprises the purchase consideration, the acquisition fee payable to the Manager of approximately $0.7 million and other transaction-related fees and expenses of approximately $0.8 million. The manager intends to finance the total acquisition cost through a combination of internal resources, divestment proceeds and/or existing debt facilities. DHL will lease back the entire property under a long-term lease until December 2030 with options to renew for two additional five-year terms.
The expected completion of the transaction is in the first quarter of 2026. The first-year net property income yield of the acquisition is attractive at approximately 7.4% pre-transaction costs and 7.2% post-transaction costs. The acquisition is DPU-accretive on a pro forma basis.
CapitaLand Ascendas REIT (SGX:A17U) completed the acquisition of Class A Logistics Property in Columbus, Ohio from DHL Supply Chain Inc. on January 29, 2026.
CapitaLand Ascendas REIT is a business space and industrial real estate investment trust. The Company owns and manages a diversified portfolio of approximately 229 investment properties in Singapore, Australia, the United States (US) and the United Kingdom (UK)/Europe. The Company’s segments include Business Space and Life Sciences, Industrial and Data Centres, and Logistics. The Business Space and Life Sciences segment includes properties located in business and science parks, suburban offices, and office properties. Life sciences properties are business spaces with lab-ready specifications. Industrial and Data Centres properties include high-specifications and light industrial properties, as well as flatted factories, and data centers. These properties offer a range of premium to basic facilities to meet the needs of various customers. Logistics properties equipped with high floor loading and floor height. The Company is managed by CapitaLand Ascendas REIT Management Limited.
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