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Boustead, SWF to co-invest S$250m in new industrial facilities here

S'pore developer and Abu Dhabi fund's portfolio will be worth over S$800m once fully invested

Published Fri, Jan 20, 2017 · 09:50 PM
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BOUSTEAD Development Partnership, a joint venture between the Abu Dhabi Investment Council and Singapore-listed developer Boustead Projects, has agreed to commit S$250 million in equity to be invested into the development and re-development of new industrial facilities in Singapore.

Once fully invested and leveraged, the investment portfolio will be worth in excess of S$800 million, said UBS Asset Management in a press st…

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