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ESR-Reit eyes S$111m sale and leaseback deal with Hyflux

Thu, Oct 19, 2017 - 5:50 AM

Tan Hwee Hweebtnews@sph.com.sg@HweetanBT

The property at 8 Tuas South Lane occupies a gross floor area of about 72,569 sq m and has a remaining lease tenure of about 20 years, with an option for extension.

Singapore

THE trustee of ESR Real Estate Investment Trust (ESR-Reit) is set to acquire a Tuas South property at an estimated cost of S$111 million from water treatment specialist Hyflux primarily for the purpose of leasing it back to the latter.

ESR-...

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