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Ascendas REIT secures £120M term loan

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Ascendas REIT secures £120M term loan

Ascendas Real Estate Investment Trust obtained a term-loan facility worth £120 million due 2023.

Proceeds from the facility will be used to help fund its £207.3 million acquisition of 12 logistics properties in the U.K. The loan is not secured against any property of the Singaporean real estate investment trust.