AA Reit's redeveloped properties in Tuas valued at S$60.7m
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
AIMS AMP Capital Industrial REIT (AA Reit) has completed the redevelopment of two industrial buildings in Tuas, raising the value of the redeveloped property by more than four times to S$60.7 million from the former S$14.1 million.
The temporary occupation permit (TOP) for the S$41.7 million redevelopment was received on Tuesday. Two three-storey detached industrial buildings with an under-utilised plot ratio have been transformed into a five-storey ramp-up warehouse facility with exclusive loading and unloading bays at each level.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
