Floating Button
Home News Insider moves

DBS buys more units in CapitaLand Ascendas REIT, days after disposal

Felicia Tan
Felicia Tan • 1 min read
DBS buys more units in CapitaLand Ascendas REIT, days after disposal
This high-tech industrial property at 622 Toa Payoh Lorong 1 was among CLAR's three accretive acquisitions in Singapore during 1HFY2023. Photo: CLAR
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.
“yang” éfact "yang"

DBS Group Holdingshas upped its stake in CapitaLand Ascendas REIT (CLAR)after it purchased 500,000 units in the REIT via the open market on Aug 7.

The bank paid a total consideration of $1.37 million for the units or $2.74 apiece.

The move comes just days after the bank sold 1.4 million units in CLAR via market transaction for $3.98 million or $2.84 per unit.

As at Aug 15, DBS has an interest in about 0.852% of the total units within CLAR.

Units in CLAR closed 2 cents lower or 0.74% down at $2.70 on Aug 15.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2025 The Edge Publishing Pte Ltd. All rights reserved.