CapitaLand Ascendas REIT Management Limited, in its capacity as the manager of CapitaLand Ascendas REIT, announced that the acquisition of The Shugart, an integrated high-specification R&D facility and business park property (the "Property") at 26 Ayer Rajah Crescent in the one-north district in Singapore, has been completed. The Purchase Consideration of the Proposed Acquisition is SGD 218.24 million. The total cost of the Proposed Acquisition is estimated to be approximately SGD 232.4 million comprising (i) the Purchase Consideration of SGD 218.24 million, (ii) the acquisition fee payable to the Manager of approximately SGD 2.18 million (being 1% of the Purchase Consideration), and (iii) stamp duty, professional and other fees and expenses of approximately SGD 12.0 million.Following the Completion, CLAR owns 230 investment properties comprising 97 properties in Singapore, 36 properties in Australia, 48 properties in the United States, and 49 properties in the United Kingdom/Europe.