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Portfolio Of 16 Industrial, Business Park, High-Spec Industrial & Logistics Properties
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In December 2020, the Group deepened its presence
in Singapore by investing in a 26% stake in a portfolio of
14 quality industrial, business park, high-spec industrial
and logistics properties in Singapore, for an investment
amount of up to S$76.6 million, via the subscription of
26% of the units and 7.0 per cent. notes due 2031 in
Boustead Industrial Fund (“BIF”).
In October 2021, Metro acquired 351 Braddell Road, a high-spec industrial property, via a further subscription of 26% of the units and 7.0 per cent. notes due 2031 in BIF, for an investment amount of S$17.6 million.
In January 2023, Metro acquired J’Forte Building, a highspec industrial property, via a further subscription of 26% of the units and 7.0 per cent. notes due 2031 in BIF, for an investment amount of S$15.8 million. The acquisition was completed in April 2023. Post completion, this brings Metro’s total portfolio under BIF to 16 properties with a total asset size of S$747.9 million
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