Aims Apac Reit charged about S$450,000 by JTC after tenant, Cocoa Trees owner, sublets Hougang space

[SINGAPORE] FNA Group, the owner and operator of chocolate retailer The Cocoa Trees, has paid about S$450,000 to its landlord Aims Apac Reit, after it was found to have sublet industrial units at its headquarters in Hougang without authorisation.

Aims Apac Reit was found to have breached JTC lease conditions for the building it holds in Defu Lane, after tenant FNA sublet space in the building.

The real estate investment trust (Reit) was asked to pay a regularisation fee of about S$450,000, which tenant FNA Group, the owner and operator of chocolate retailer The Cocoa Trees, has paid to its landlord.