You are here

StarHub Green sold for about S$260m

Buyer is Basil Property Trust, managed by Singapore-based AEPim; net yield said to be 5.5%

BT_20150707_KRSTAR7_1760350.jpg
Anchor tenant StarHub occupies 54 per cent of the building's 405,386 sq ft net lettable area; the property is on a site with a balance lease term of about 42 years.

Singapore

BLACKSTONE has sold StarHub Green, a light industrial building along Ubi Avenue 1, to a recently minted private property fund managed by Singapore-based AEP Investment Management (AEPim).

The price is believed to be close to S$260 million, translating to a net yield of

sentifi.com

Market voices on:

grab

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

Powered by GET.comGetCom