Link: https://links.sgx.com/1.0.0/corporate-announcements/BXLQ74WOGDJZ8OCT/e4925bc82e583f6cec60d537dd392cab6dc457ec8a50f12d1d148116f45c63d9

Summary:

• Transaction completion: Acquisition of the data centre at 9 Tai Seng Drive has been completed on 11 August 2025, as earlier announced.

• Funding source: The deal was partially funded from the S$500.0 million private placement launched on 28 May 2025.

• Use of proceeds — 9 Tai Seng Drive: S$276.3 million (55.3% of gross proceeds) allocated to 9 Tai Seng Drive; this reflects a reallocation of S$0.8 million from lower-than-expected fees.

• Use of proceeds — 5 Science Park Drive: S$137.1 million (27.4%) set aside to partially finance the proposed acquisition of 5 Science Park Drive.

• Use of proceeds — Debt: S$81.6 million (16.3%) earmarked for debt repayment, including debt drawn for investments, developments, and asset enhancement initiatives.

• Use of proceeds — Fees: Actual fees and expenses totaled S$5.0 million (1.0%), S$0.8 million lower than the S$5.8 million estimate (1.2%).

• Reallocation detail: The S$0.8 million savings from fees were reallocated to 9 Tai Seng Drive; this is consistent with stated use but changes the percentage split.

• Proceeds status: All gross proceeds of approximately S$500.0 million from the private placement have now been fully utilized.

• Manager: CapitaLand Ascendas REIT Management Limited acted as manager of CLAR for this transaction and fund deployment.

• Implication: Completion strengthens CLAR’s data centre portfolio and balance sheet flexibility, with placement proceeds balancing asset growth (9TSD, 5 SPD) and deleveraging via debt repayment.