This placement, launched to help fund the acquisition of additional assets, was 4.1 times subscribed.
Investors include new and existing unitholders, long only funds, real estate specialists, private wealth and multi-strategy investors, says CLAR.
On May 28, CLAR announced it is acquiring data centre 9 Tai Seng Drive, and 5 Science Park Drive for $700.2 million.
The two properties will increase the value of CLAR’s Singapore portfolio by 6.6% to $11.7 billion and the Singapore portfolio will account for 67% its AUM of $17.6 billion.
