Ascendas Reit sells Old Toh Tuck Road building for S$24m
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ASCENDAS Reit announced that it entered into a sale-and-purchase agreement on Tuesday to sell 30 Old Toh Tuck Road to interior design company Soon Bee Huat Trading for S$24 million.
The five-storey ramp-up logistics building, at 19 years old, has 39 years remaining on its land lease tenure; its gross floor area measures 16,353 square metres and its occupancy stood at 86.1 per cent as at Dec 31, 2017.
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