Ascendas Real Estate Investment Trust announced further to the Press Release, Ascendas Funds Management (S) Limited, in its capacity as manager of Ascendas Real Estate Investment Trust announce that the acquisition of a new logistics property located at Lot 7, Kiora Crescent, in Sydney, Australia (the "Property"), has been completed. The Property, which was acquired for an Acquisition Consideration of SGD 21.1 million1 (AUD 23.5 million), achieved practical completion on 24 February 2022. Following the completion of the acquisition, Ascendas Reit owns 95 properties in Singapore, 36 properties in Australia, 41 properties in the United states and 49 properties in the United Kingdom/Europe.