Ascendas Funds Management is buying assets Griffen Group UK for £257.5m from. : Ascendas Real Estate Investment Trust (REIT) has expanded its UK logistics assets with the acquisition of a portfolio of 26 UK properties for £257.5m (€289.5m) from Griffen Group UK. Ascendas Funds Management, the Singapore-based manager, is undertaking the proposed acquisition for its flagship logistics vehicle, Ascendas Reit.