CapitaLand Ascendas REIT (originally established and listed as Ascendas Real Estate Investment Trust or A-REIT) completed its historic initial public offering on the Singapore Exchange in November 2002 with an issue price of S$0.88 per unit. This landmark flotation marked the very first business space and industrial real estate investment trust launch in Singapore, establishing a foundational asset base that has since expanded exponentially through continuous cross-border property acquisitions and secondary equity fundraisings over subsequent decades.