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AA Reit awards redevelopment of Tuas property to Boustead

Published Thu, Apr 14, 2016 · 09:50 PM

Singapore

INDUSTRIAL landlord AIMS AMP Capital Industrial Reit (AA Reit) has tapped engineering and construction firm Boustead Projects to redevelop an industrial property at 8 and 10 Tuas Avenue 20 for an undisclosed amount up to S$27 million.

The real estate investment trust accelerated plans to redevelop the property after a "fire incident" that resulted in "partial damage", it said in a Singapore Exchange (SGX) filing on Thursday morning, adding that its insurance "fully covered the loss of income caused by the incident, and the reinstatement of the asset".

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