28 Sep '15, 6am

$A17U Ascendas REIT’s Australian acquisition and the forward direction More #Ascendas news at

$A17U Ascendas REIT’s Australian acquisition and the forward direction More #Ascendas news at

The shortlist included LOGOS Property, which is based locally but had financial backing from Ivanhoe Cambridge, a subsidiary of Caisse de depot et placement du Quebec. The others were Ascendas, ARA Asset Management with Cache Logistics Trust and Korea’s NPS, Warburg Pincus with the Redwood Group and private equity giant Blackstone. Offshore groups could take on more debt and many were willing to pay a premium to achieve instant scale. Then the bidders were given the chance to visit the properties. From Eastern Creek in Sydney, to Altona North in Melbourne, to Larapinta in Queensland, it took each group a week to see the 26 properties. Second-round bids were so close that parties were asked to go into a third round and make a final offer on July 29. The shortlist was whittled down to three: Ascendas, ARA Asset Management and Warburg Pincus. In the end, the decision was made...

Full article: http://www.investmentmoats.com/money-management/dividend-...

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Ascendas REIT’s Australian Acquisition and the ...

thefinance.sg 26 Sep '15, 5am

I got quite interested in this recent Ascendas REIT acquisition down under. Ascendas REIT is one of the biggest REIT in Si...

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