State Street becomes substantial unitholder of Ascendas REIT

Ascendas REIT’s Techview property located in the Kaki Bukit Industrial Area in SingaporeAscendas REIT’s Techview property located in the Kaki Bukit Industrial Area in Singapore

State Street Corp. has become a substantial unitholder of Ascendas REIT, with its direct interest rising to 5.01 percent from 4.99 percent, the asset manager said in a filing to SGX Friday.

The increase followed the purchase of 617,200 units in the market for S$1.84 million, State Street said.

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