Areit has announced the proposed acquisition of DSO National Laboratories buildings and DNV GL Technology Centre, located at 12, 14 & 16 Science Park Drive for a purchase consideration of S$420.0 million from Ascendas Land (Singapore) Pte Ltd. The acquisition of two properties will increase future DPU and this is a good news for retail investors.
The Reit is now trading above 20days MA and testing the resistance of 50 days MA. The price/NAV is 1.1672 @ a yield of 6.08. Waiting for opportunity to buy more lots for passive income.