The initial purchase consideration was thought to be at A$110.9 million ($104.4 million) when the acquisition was first announced in Oct 3, 2019.
See: Ascendas REIT acquires suburban office in Australia for $104.4 mil
Nissan Motor Co. (Australia) currently occupies about 65.2% of the property on a 10-year lease.
A-REIT says the property is on track to achieve the 5 Star Green Star Design and As Built and 5 Star NABERS energy ratings.
The total acquisition cost was funded by internal resources and existing debt facilities.
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Following the completion of the acquisition, A-REIT now owns a total of 36 properties in Australia in addition to the 162 properties in Singapore, the UK, and the US.
Units in A-REIT closed flat at $3.27 on September 11.
