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Singapore REIT to expand US logistics holdings with Indianapolis-area acquisition

DHL Group to sell and lease back 1 million-square-foot property
CapitaLand Ascendas REIT has reached an agreement to acquire 45 Mission Road in Whiteland, Indiana. (CoStar)
CapitaLand Ascendas REIT has reached an agreement to acquire 45 Mission Road in Whiteland, Indiana. (CoStar)
CoStar News
December 20, 2024 | 8:53 P.M.

The logistics company DHL Group is set to complete a sale-leaseback of an Indianapolis-area warehouse that would see it take a hefty profit from what the business paid to buy it two years ago.

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