Ascendes REIT : buys 5 Logistics Co. for $138m.

Channelnewsasia.com Ascendes REIT : buys 5 Logistics Co. for $138m. The new properties are expected to generate an average yield of 9 percent. A-Reit, Singapore's second-biggest property trust by market value, says it plans to fund the purchases with borrowings and an issue of new units. The latest additions will bring A-Reit's portfolio to 32 properties by end of this year, with a total book value of about S$1.7b. - CNA