Australian logistics firm Toll Group announced on March 24 that it has signed a sale-and-leaseback agreement for its facility at 25 Loyang Crescent. The property will be acquired by CapitaLand Ascendas REIT.

Under the terms of the deal, which is expected to be completed in the third quarter of 2026, Toll will enter into a 12-year triple-net lease with an option to extend for a further six years at the wharf area. The arrangement ensures uninterrupted operations for Toll’s customers, employees, and partners.

Toll’s Executive Chairman described the transaction as part of the company’s disciplined capital allocation strategy, allowing it to unlock capital from high-quality assets and reinvest in its core logistics and supply chain services.