You are here

ESR-Reit acquires property in Ang Mo Kio

This acquisition by the Reit follows a recent purchase of 8 Tuas South Lane (left) from Hyflux Membrane Manufacturing for S$95 million, excluding upfront land premium and stamp duty. The two acquisitions will boost ESR-Reit's portfolio value by 31.4 per cent to S$1.75 billion.


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....

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to