DBS Group (SGX:D05) acquired 900,000 units in CapitaLand Ascendas REIT (SGX:A17U) for SG$2.5 million, according to a filing with the Singapore Exchange on Tuesday.

The acquisition brings the bank's stake in the REIT to 0.984%.

DBS is an independent portfolio manager of Temasek and grants the US-listed company a deemed interest in the REIT.

Following the purchase of the new units, Temasek's deemed interest in the REIT is now 19.01%.

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