Ascendas REIT: Co. requested for trading Halt, and also announced proposed acquisition for properties at Neuros & Immunos for $125.6m. Located at Biopolis, one-north Buona Vista, Neuros & Immunos are a 7-storey business park building with land area of 8,051 sqm, with GFA and net lettable area of 36,931 sqm and 28,345 sqm respectively. Properties are currently 100% occupied…..
Proposed Acquisition will funded using the capital structure of 40% debt and 60% equity, and Manager has elected to receive its base fee as 80% in cash and 20% in units, the annualised pro forma financial effect on A-REIT’s DPU, using FY10 as illustration would be 0.03c…..
Separately, grp also announced that in tandem with the economic recovery, grp’s properties have achieved a $307.6m revaluation gain, over its book value as at FY10, representing an appreciation of approximately 6.3%. Post revaluation, the NAV and aggregate leverage based on 31Dec10 balance sheet will be $1.77/unit and 32.6% respectively.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment