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ESR-REIT divests 28 Senoko Drive for $12 mil

Felicia Tan
Felicia Tan1/10/2022 6:35 PM GMT+08  • 1 min read
ESR-REIT divests 28 Senoko Drive for $12 mil
The property was acquired by ESR-REIT in 2007 at the same sale consideration of $12.0 million.
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The manager of ESR-REIT has divested 28 Senoko Drive, a single-storey general industrial building, for a sale consideration of $12.0 million.

The REIT entered into an agreement with Tat Seng Packaging on Jan 10.

The divestment of the property represents an 8.4% discount to the fair value of the property at $13.1 million. It is not expected to have a material impact on ESR-REIT’s net asset value (NAV) and net property income (NPI) for the FY ending Dec 31.

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