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StarHub Green sold for about S$260m

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

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.


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