Ascendas Real Estate Investment Trust (SGX:A17U) entered into an agreement to acquire Philips APAC Center in Toa Payoh, Singapore from Philips Singapore Pte Ltd. for SGD 104.8 million on August 4, 2022.

Ascendas Real Estate Investment Trust (SGX:A17U) completed the acqusiition of Philips APAC Center in Toa Payoh, Singapore from Philips Singapore Pte Ltd. on January 11, 2023.