Trust announced the news before the market opening Wednesday (May 28). Currently, both real estate properties have reached full rent, with end users and tenants including digital, e-commerce and finance industries. In addition, the proposed acquisition will also deepen CapitaDetec Real Estate Trust's business in Singapore, prompting the trust's Singapore portfolio to grow by 6.6% to 11.7 billion yuan. As of the end of March this year, the total asset management value of the trust was 17.6 billion yuan.
Trust requested a suspension of trading before opening on Wednesday, and the closing price on Tuesday (27th) is 2.61 yuan, starting from 0.39%.
Capital Holdings Real Estate Trust Management CEO Zheng Weiliang said: "These two strategic new assets will increase Singapore's share of the trust's portfolio to about 67%. "
Assuming that the acquisition was completed on January 1 last year, the dividend payout per unit for the fiscal year ended 2024 is expected to have a positive formal impact, and the dividend payout per unit will increase by about 0.206 points or 1.36%.
The acquisition price of Dacheng Channel Data Center is expected to be 471 million yuan, while the acquisition price of commercial real estate in the Science Park Channel is expected to be 245 million yuan.
Trust believes that the acquisition of Science Parkway Commercial Real Estate will consolidate its leadership in the local commercial space and life science market. After the acquisition is completed, the total asset management of the Trust in this area will increase by 4.8%, reaching approximately RMB 5.7 billion.
Proceeds from the placing will be used to pay part of the amount and expenses of the proposed acquisition of the real estate, and any balance will be used as operating capital. After the new unit allocation is completed, the trust's total leverage is expected to decrease from 38.9% to 36.2%.
Trust's real estate portfolio also covers markets including Australia, the United States and Europe.
In order to grasp the growth momentum of global technology and digital transformation and promote long-term revenue growth, CapitaLand Ascendas REIT plans to acquire the data center located at No. 9 Dacheng Passage and commercial real estate at No. 5 Science Park Passage, with a total acquisition amount of approximately RMB 700 million.
In addition to borrowing loans to pay the acquisition fees, the trust management company announced the private placement of new units of Capita De Tengfei Real Estate Trust to raise funds on the same day. The proposed allocation price is from RMB 2.465 to RMB 2.515 per unit, with a minimum fundraising of RMB 500 million. The allocation price range is 3.5% to 5.4% lower than the volume weighted average price (VWAP) of RMB 2.6059 as of May 27.