Ascendas REIT’s A$288.9 Million Commercial Property Acquisition In Sydney


Ashurst advised Ascendas Funds Management (S) Limited on the acquisition of three commercial office buildings at 1-5 Thomas Holt Drive, Macquarie Park in Sydney.

The acquisition of this campus style property which is well-connected via multiple transport options and underpinned by a strong tenant base offers an attractive alternative to Sydney CBD space and strengthens Ascendas REIT’s portfolio.

Ascendas Reit is Singapore’s first and largest listed business space and industrial Real Estate Investment Trust with a portfolio diversified across five major segments of the business space and industrial property market.

The Ashurst team was led by Pauline Tan (Picture), assisted by senior associates Alana Eyles and Victoria Lee and lawyers Kate Ferguson, Manny Kanellis and graduate Tiffany Ha.

Involved fees earner: Alana Eyles – Ashurst; Kate Ferguson – Ashurst; Manny Kanellis – Ashurst; Victoria Lee – Ashurst; Pauline Tan – Ashurst;

Law Firms: Ashurst;

Clients: Ascendas Group;

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Author: Michael Patrini