COMPLETED ACQUISITIONS
The Kendall
The Kendall is a six-storey multi-tenant building located within
the Singapore Science Park II, which caters to Research &
Development and related companies. Acquired in March
2015 for S$113.7 million, the property has a remaining land
tenure of 64 years. The Kendall is the 19
th
property that
A-REIT has acquired from its Sponsor since its IPO with eight
properties in 2002.
Aperia
The Manager completed the acquisition of Aperia, a new
integrated mixed-use development in the Lavender precinct
through the acquisition of shares in PLC 8 Holdings Pte Ltd for
a total transaction value of S$463.0 million in August 2014.
Sited on a 60-year leasehold land, the property consists of
two Business-1 towers with high-quality specifications, fully
integrated with retail space that features a suite of amenities
such as childcare and enrichment centres, restaurants and
convenience stores. Aperia is home to renowned companies
such as Intel, Roche Diagnostics, Audi, Cardinal Health,
McDonald’s, and popular retailers such as Cold Storage, Tim Ho
Wan and Old Town Café.
Hyflux Innovation Centre
Hyflux Innovation Centre is a prime high-specifications
development located along Bendemeer Road. The Manager
acquired this property in June 2014 through a sale-and-leaseback
arrangement with Hyflux for a total purchase consideration
of S$193.9 million. 50% of the GFA is leased back to Hyflux
for 15 years. Other tenants include NEC, Covidien Private Ltd,
American Express and Renesas Electronics Singapore Pte Ltd.
The remaining land lease tenure is 54 years.
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