Clar to acquire and lease back DHL’s Indiana logistics property in $150.3 million deal

Quick Summary:

It is the Reit's first such acquisition in the US.

For illustrative purposes, Clar’s distribution per unit (DPU) for the financial year would have been 0.019 cent, representing a DPU accretion of 0.1 per cent, assuming that the proposed acquisition was completed on Jan 1, 2023.

The property’s total acquisition cost of $153.4 million, including an acquisition fee and other transaction-related expenses, is intended to be financed through a combination of internal resources, divestment proceeds or existing debt facilities.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndiaUnited States

Topics: Million Acquisition Property Cent Logistics Manager Clar’s Clar Assets Centre Indianapolis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 09:37:49 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 24482141

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