SG Digest: Japan's Daiwa launches unit; Ascendas REIT to buy US assets for $99m

SG Digest: Japan's Daiwa launches unit; Ascendas REIT to buy US assets for $99m

501 South Steward Road (in picture), one of the seven properties, has a net lettable area of 53,844 square metres

Japan’s Daiwa PI Partners has commenced operations at its newly established subsidiary in Singapore while Ascendas REIT has announced the proposed acquisition of seven logistics properties in the US for $99 million.