ESR-Reit acquires property in Ang Mo Kio

Singapore

ESR-Reit (Real Estate Investment Trust) has acquired an 80 per cent interest in a special purpose vehicle that owns a leasehold interest in a property situated within the Serangoon North Industrial Estate in Singapore for S$240 million, marking its largest acquisition to date.

The property in 7000 Ang Mo Kio Avenue 5 comprises a six-storey multi-tenanted high specifications production block and a five-storey multi-tenanted ancillary office block connected by a covered linkway.