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ESR-Reit acquires property in Ang Mo Kio

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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.

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....

sentifi.com

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