trending Market Intelligence /marketintelligence/en/news-insights/trending/3c2-3lmgoleds2sjzphnxa2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ascendas lands S$220M term loans to fund UK logistics portfolio buy

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Ascendas lands S$220M term loans to fund UK logistics portfolio buy

Ascendas Real Estate Investment Trust, through its unit, secured term loan facilities of up to S$220.0 million to finance the purchase of a portfolio of 26 logistics properties in the U.K.

The Singapore-based industrial REIT recently closed on the portfolio purchase for about £253.3 million, subject to post-completion adjustments.

Nine 100%-owned units of Griffin UK Logistics Fund Ltd. secured two term loan facilities worth up to S$140.0 million and S$80.0 million, respectively. Griffin UK is a subsidiary of Ascendas REIT unit Ascendas REIT (Europe) Pte Ltd. and was acquired pursuant to the portfolio purchase.

The net proceeds from the term loan facilities will be used for refinancing a bridging loan that was used to partially fund the acquisition of the logistics portfolio.

HSBC Institutional Trust Services (Singapore) Ltd., in its capacity as trustee of the industrial REIT, has guaranteed obligations of the borrowers under the facilities.

As of Oct. 4, US$1 was equivalent to S$1.38.