ESR-REIT has announced the divestment of its 45 Changi South Avenue 2 property for a sale consideration of $11.1 million, subject to approval by JTC Corporation. 

This figure excludes divestment costs and goods and services tax, and represents a 7.8% premium to the fair value of the property of $10.3 million.

45 Changi South Avenue 2 is a four-storey general industrial building in Changi South industrial estate, and has a gross floor area of 73,684 square feet. 

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