CapitaLand Ascendas REIT (CLAR) has sold a data center in Singapore.
The company this week announced it is divesting the Kim Chuan Telecommunications Complex at 38 Kim Chuan Road in Singapore, for a sale consideration of approximately S$200.4 million (US$155.2m) to an unnamed, unrelated, third party.
– CapitaLand
The sale price is double the original S$100 million (US$77.46m) CLAR paid to acquire the property in March 2005. The deal is expected to close by the second half of 2026.
The 10-story data center building totals 35,455 sqm (381635 sq ft). CapitaLand said that since its acquisition in 2005, the property had been occupied by a single tenant until 30 April 2026.
