CAPITALAND ASCOTT TRUST PROPOSES S$530.8 MILLION ACQUISITION OF THREE LODGING ASSETS IN LONDON, DUBLIN AND JAKARTA

Proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS); Two existing CLAS properties in central Sydney and London to undergo asset enhancement initiatives (AEIs) with estimated yields on AEI cost of approximately 11% ; Property value of the two existing properties and new acquisition in London expected to increase by S$385.5 million after AEIs and stabilisation

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