Properties

Portfolio Of 16 Industrial, Business Park, High-Spec Industrial & Logistics Properties



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