Singapore industrial property

It is targeting value-add opportunities to generate higher returns through repositioning and active asset management

The price gap between buyers and sellers has narrowed – small enough to find a negotiated middle ground

The buyer is a joint venture that includes units of Hong Kong-listed HPC and CWT, and Ding Zhou group

Lender says move is part of strategy to drive further growth in Singapore, its second-largest market

The purchase price for the Business 1-zoned site translates to about S$440 psf ppr

Post-upgrades, rents may be raised to reflect the higher quality and costs of maintaining the facilities

Following the offering, the trust will have a total market capitalisation of S$1.95 billion 

The net proceeds may be redeployed towards acquisitions, asset enhancements and development opportunities

The price tag translates to a land rate of about S$1,757 psf ppr