CapitaLand Ascendas REIT's Associated Company Signs Project, Service Management Deals

MT Newswires

Yesterday

CapitaLand Ascendas REIT (SGX:A17U) associated company, Sprint Plot 1 TM, entered into project and service management agreements with The Work Project Management, according to a Friday filing with the Singapore Exchange.

Shares of the REIT were up over 1% in Monday trading.

Under the agreements, Sprint will provide project management services to manage the design and fit out of flexible workspaces at the units located at 1A Science Park Drive, Singapore, and to provide management services and other professional services as well.

The project management agreement is for a period of 3.5 months, with the management fee calculated based on the fixed percentage of 5% of the actual costs incurred, estimated to be around SG$239,000.

Meanwhile, the management services agreement is for a period of five years.

CapitaLand Ascendas REIT has a 34% stake in Sprint, while The World Project Management is an indirect wholly owned subsidiary of CapitaLand Group.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2565574559"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2565574559\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2565574559?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-08 11:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2565574559","market":"sg","top_or_hot":-1,"title":"CapitaLand Ascendas REIT's Associated Company Signs Project, Service Management Deals","media":"MT Newswires","content":"<html><body><p> CapitaLand Ascendas REIT (SGX:A17U) associated company, Sprint Plot 1 TM, entered into project and service management agreements with The Work Project Management, according to a Friday filing with the Singapore Exchange.</p><p>Shares of the REIT were up over 1% in Monday trading.</p><p>Under the agreements, Sprint will provide project management services to manage the design and fit out of flexible workspaces at the units located at 1A Science Park Drive, Singapore, and to provide management services and other professional services as well.</p><p>The project management agreement is for a period of 3.5 months, with the management fee calculated based on the fixed percentage of 5% of the actual costs incurred, estimated to be around SG$239,000.</p><p>Meanwhile, the management services agreement is for a period of five years.</p><p>CapitaLand Ascendas REIT has a 34% stake in Sprint, while The World Project Management is an indirect wholly owned subsidiary of CapitaLand Group.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CapitaLand Ascendas REIT's Associated Company Signs Project, Service Management Deals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCapitaLand Ascendas REIT's Associated Company Signs Project, Service Management Deals\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-09-08 11:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> CapitaLand Ascendas REIT (SGX:A17U) associated company, Sprint Plot 1 TM, entered into project and service management agreements with The Work Project Management, according to a Friday filing with the Singapore Exchange.</p><p>Shares of the REIT were up over 1% in Monday trading.</p><p>Under the agreements, Sprint will provide project management services to manage the design and fit out of flexible workspaces at the units located at 1A Science Park Drive, Singapore, and to provide management services and other professional services as well.</p><p>The project management agreement is for a period of 3.5 months, with the management fee calculated based on the fixed percentage of 5% of the actual costs incurred, estimated to be around SG$239,000.</p><p>Meanwhile, the management services agreement is for a period of five years.</p><p>CapitaLand Ascendas REIT has a 34% stake in Sprint, while The World Project Management is an indirect wholly owned subsidiary of CapitaLand Group.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6523","symbol_name":"ESG概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2565574559","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565574559","pubTimestamp":1757301504,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"CapitaLand Ascendas REIT  associated company, Sprint Plot 1 TM, entered into project and service management agreements with The Work Project Management, according to a Friday filing with the Singapore Exchange.Shares of the REIT were up over 1% in Monday trading.Under the agreements, Sprint will provide project management services to manage the design and fit out of flexible workspaces at the units located at 1A Science Park Drive, Singapore, and to provide management services and other professional services as well.The project management agreement is for a period of 3.5 months, with the management fee calculated based on the fixed percentage of 5% of the actual costs incurred, estimated to be around SG$239,000.Meanwhile, the management services agreement is for a period of five years.CapitaLand Ascendas REIT has a 34% stake in Sprint, while The World Project Management is an indirect wholly owned subsidiary of CapitaLand Group.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6523":"ESG概念","BK6082":"工业房地产投资信托","BK6512":"房地产股","A17U.SI":"凯德腾飞房产信托","CFA.SI":"NikkoAM-STC Asia REIT","BK6133":"工业房地产信托"},"translate_title":"凯德腾飞房地产投资信托基金的联营公司签署项目、服务管理协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"A17U.SI":1,"CFA.SI":1},"content_text":"CapitaLand Ascendas REIT (SGX:A17U) associated company, Sprint Plot 1 TM, entered into project and service management agreements with The Work Project Management, according to a Friday filing with the Singapore Exchange.Shares of the REIT were up over 1% in Monday trading.Under the agreements, Sprint will provide project management services to manage the design and fit out of flexible workspaces at the units located at 1A Science Park Drive, Singapore, and to provide management services and other professional services as well.The project management agreement is for a period of 3.5 months, with the management fee calculated based on the fixed percentage of 5% of the actual costs incurred, estimated to be around SG$239,000.Meanwhile, the management services agreement is for a period of five years.CapitaLand Ascendas REIT has a 34% stake in Sprint, while The World Project Management is an indirect wholly owned subsidiary of CapitaLand Group.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}