Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
Soilbuild Business Space Reit recorded a distribution per unit (DPU) of 1.615 Singapore cents for the three months ended June, 7.7 per cent above the previous year's Q2 DPU of 1.5 Singapore cents. DPU for the six months ended June was 3.248 Singapore cents, up 6.1 per cent.
Correspondingly, net property income (NPI) for Q2 rose 19.0 per cent, to S$16.7 million from S$14.0 million. For the half year period, net property income rose 15.1 per cent to S$32.5 million.
During the quarter, renewals and new leases were signed for over 210,000 sq ft bringing the total for H1 FY2015 to in excess of 500,000 sq ft. Occupancy remained high at 99.8 per cent.