Capitaland Ascendas Reit · SGX:A17U
Capitaland Ascendas Reit — Merger or Acquisition (February 2026)
21 slides from Capitaland Ascendas Reit's merger presentation, Feb 27, 2026
Slide 1: Acquisition of a prime logistics portfolio in Spain
CapitaLand Ascendas REIT Acquisition of a prime logistics portfolio in Spain 27 February 2026
Slide 2: Disclaimer
CapitaLand Ascendas REIT Disclaimer This presentation may contain forward-looking statements. Actual future Neither CapitaLand Ascendas REIT Management Limited (“Manager”) nor any performance, outcomes and results may differ materially from those of its affiliates, advisers or representatives shall
Slide 3: Agenda
CapitaLand Ascendas REIT Agenda 01 Overview of the Portfolio Acquisition 02 Details of the Portfolio 03 Acquisition Rationale 04 Pro Forma Financial Impact 3
Slide 4: Overview of the Portfolio Acquisition
01 Overview of the Portfolio Acquisition 4
Slide 5: Overview of the Portfolio Acquisition
CapitaLand Ascendas REIT Overview of the Portfolio Acquisition Six prime Grade A logistics properties in Madrid and Barcelona, Spain’s deepest and largest logistics markets SPAIN, EUROPE Proposed Portfolio Total of six Grade A logistics properties Acquisition Total Gross Purchase S$185.4 million / €
Slide 6: Details of the Portfolio
02 Details of the Portfolio 6
Slide 7: Details of the Portfolio
CapitaLand Ascendas REIT Details of the Portfolio Modern specifications and fully occupied by renowned and well-established tenants with a long WALE of 9.1 years Two prime Grade A logistics properties in Madrid Four prime Grade A logistics properties in Barcelona Gross Floor Area 98,825 sqm 2 prime
Slide 8: Location of the Properties in Madrid
CapitaLand Ascendas REIT Location of the Properties in Madrid Second ring assets along Madrid’s A-2 Corridor in Torrejón de Ardoz • Direct access to the A-2 highway which connects Madrid and Barcelona • 20 minutes away from Madrid’s city centre • Less than 15 minutes to Madrid’s 1 2 international ai
Slide 9: Location of the Properties in Barcelona
CapitaLand Ascendas REIT Location of the Properties in Barcelona Third ring assets near Barcelona’s AP-7 Corridor in Sant Feliu de Buixalleu • 5 minutes away from the AP-7 motorway, 1st Logistics Ring a key transport artery running along the 2nd Logistics Ring 3rd Logistics Ring Mediterranean coast
Slide 10: Acquisition Rationale
03 Acquisition Rationale 10
Slide 11: Acquisition Rationale
CapitaLand Ascendas REIT Acquisition Rationale 01 Deepens CLAR’s logistics presence in developed markets with healthy fundamentals 02 Spain is a deep, institutional logistics market which offers scalability 03 Portfolio properties are strategically located in Spain 04 Fully-occupied modern, Grade A
Slide 12: Deepens CLAR's logistics presence in developed markets with healthy fundamentals
CapitaLand Ascendas REIT 1. Deepens CLAR’s logistics presence in developed markets with healthy fundamentals ✓ Deepens CLAR’s presence in the UK/Europe to five countries (the UK, the Netherlands, France, Switzerland and Spain) • CLAR’s UK/Europe portfolio value increases by 10.9% to approximately S$
Slide 13: Deepens CLAR's logistics presence in developed markets with healthy fundamentals
CapitaLand Ascendas REIT 1. Deepens CLAR’s logistics presence in developed markets with healthy fundamentals Spain Annual GDP Growth1,2 ✓ Healthy economic and population growth expected to 3.5% support logistics demand in Spain 2.8% • Annual GDP growth in 2025 was 2.8% driven by 2.5% domestic demand
Slide 14: Deepens CLAR's logistics presence in developed markets with healthy fundamentals
CapitaLand Ascendas REIT 1. Deepens CLAR’s logistics presence in developed markets with healthy fundamentals ✓ Favourable demand-supply dynamics in Madrid’s Central Area submarket1 • Logistics availability rate fell slightly to 10.2% as at end 2025. Vacancy rate of logistics in Torrejón de Ardoz is
Slide 15: Deepens CLAR's logistics presence in developed markets with healthy fundamentals
CapitaLand Ascendas REIT 1. Deepens CLAR’s logistics presence in developed markets with healthy fundamentals ✓ Favourable demand-supply dynamics in Barcelona’s Catalonia submarket1 • Logistics availability rate fell to 2.9% as at end 2025. Vacancy rate of logistics in Sant Feliu de Buixalleu is 0% •
Slide 16: Spain is a deep, institutional logistics market which offers scalability
CapitaLand Ascendas REIT 2. Spain is a deep, institutional logistics market which offers scalability1 ✓ Investment in the industrial and logistics sector in Spain reached €1,270 million in 2025 ✓ By region, 70% of total volume is concentrated in Barcelona (€450 million) and Madrid (€424 million), co
Slide 17: Portfolio properties are strategically located in Spain
CapitaLand Ascendas REIT 3. Portfolio properties are strategically located in Spain ✓ All six properties are in prime locations along or near two major transport corridors, the A-2 and AP-7 Corridor • Two properties are second ring assets along Madrid’s A-2 Corridor • Four properties are third ring
Slide 18: Fully-occupied modern, Grade A properties enhance CLAR's portfolio quality
CapitaLand Ascendas REIT 4. Fully-occupied modern, Grade A properties enhance CLAR’s portfolio quality and provide stable income streams ✓ Modern specifications such as clear ceiling heights ranging from 10 to 13 metres, superior dock provision and truck yards ✓ Fully occupied with a long portfolio
Slide 19: Pro Forma Financial Impact
04 Pro Forma Financial Impact 19
Slide 20: Pro Forma Financial Impact
CapitaLand Ascendas REIT Pro Forma Financial Impact Attractive NPI yield and DPU-accretive acquisition Before After Pro Forma Net Property Income (NPI) Yield1 in Year 1 Singapore cents Acquisition Acquisition DPU Impact2 Pre-transaction costs 6.3% Distribution per unit +0.014 15.005 15.019 (DPU) (0.
Slide 21: Thank You
ThankYou Thank You For enquiries, please contact: For enquiries, please contact: Ms Andrea Ng, AVP, Investor Relations Ms Andrea Ng, AVP, Investor Relations Direct: (65) 6713 1150 | Email: clar@capitaland.com Direct: (65) 6713 1150 | Email: clar@capitaland.com CapitaLand Ascendas REIT Management Lim
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