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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%
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Published Mon, Jul 6, 2015 · 09:50 PM
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 around 5.5 per cent. The site is on a balance lease term of about 42 years.
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