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Boustead wins contract from AA Reit to build industrial property (Amended)

BOUSTEAD Projects Limited has clinched a design-and-build contract from AIMS AMP Capital Industrial REIT (AA Reit) for the development of an industrial property located in Marsiling, Singapore.

Construction of the facility - a five-storey industrial facility redevelopment - is expected to commence shortly and be completed by the second half of 2017.

The latest contract win has raised the Boustead Projects Group's order book backlog to S$234 million, which comprises unrecognised project revenue as at end-March and new orders secured since.

Amendment: Based on Boustead Project's press release put up on the Singapore Exchange on Thursday morning, the company described the contract as a redevelopment of industrial property. AA Reit has since clarified that it is a greenfield development. This article has been revised to reflect this.