The manager of ESR-REIT says it has entered into put and call options to divest its properties on 11 Serangoon North Avenue 5 and 3C Toh Guan Road for a total consideration of $53 million.

The property in Serangoon is a six-storey multi-tenanted general industrial building with a remaining land lease tenure of 36.3 years.

The Toh Guan Road property is a five-storey multi-tenanted warehouse with a remaining land lease tenure of 30.1 years.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook