CapitaLand Ascendas REIT (CLAR) will invest S$ 1.31 billion (US$ 1 billion) to acquire three assets in Singapore and Japan, as it expands its logistics, business space and data center portfolio. The REIT acquisitions are expected to lift distributions on a pro forma basis, distribution per unit (DPU) would rise by about 2.1 percent, or 0.318 Singapore cents, assuming the deals were completed at the start of 2025.
In a press release, CapitaLand revealed that the deals include a full acquisition of 25 Loyang Crescent in Singapore for S$ 504.2 million (US$ 400 million), a 50 percent stake in Ascent at Singapore Science Park for S$ 245 million (US$ 191 million), and a 49 percent stake in a hyperscale data center in Osaka for S$ 620.7 million (US$ 486 million). The remaining stake in Ascent will be held by a global sovereign wealth fund, while the balance of the Osaka asset is owned by a fund managed by Mitsui & Co. Realty Management, part of Mitsui & Co.
William Tay, CEO, REIT’s manager, “Following our recent acquisitions, these deals reaffirm our commitment to a high-quality, resilient portfolio. They strengthen our Singapore presence while expanding into Japan with strong demand fundamentals. The move reflects our disciplined approach to diversifying into key digital hubs. We remain focused on long-term value through prudent capital allocation and active portfolio management.”
The Singapore acquisitions will raise CLAR’s assets under management in its home market to about S$ 13.2 billion (US$ 10 billion), representing roughly two-thirds of its total portfolio.
The move into Japan marks the REIT’s first entry into that market, targeting data centers as demand grows with cloud computing and artificial intelligence. Osaka is Japan’s second-largest data center hub and has seen increasing investment tied to AI-related developments.
Across the three assets, CLAR occupancy and lease tenure metrics will improve, with portfolio occupancy projected at 91.5 percent and weighted average lease expiry at 4.3 years. The properties are largely leased to multinational tenants in technology, logistics and life sciences sectors.
The total outlay, including fees and expenses, is estimated at S$1.41 billion (US$ 1.10 billion). CLAR plans to partly fund the acquisitions through an equity fundraising. The Ascent deal was completed on March 23, while the Japan and Loyang Crescent transactions are expected to close in the second and third quarters of 2026.
The latest purchases follow earlier acquisitions worth S$ 845.7 million (US$ 660 million) across Singapore, the United States and Europe between December 2025 and February 2026 including those deals, CLAR estimates a pro forma DPU increase of about 4.1 percent.