SINGAPORE (July 9): The manager of AIMS AMP Capital Industrial REIT (AA REIT) announced Monday that it will be carrying out an asset enhancement initiative (AEI) at its NorthTech facility in Woodlands Industrial Park for $13 million.

Valued at $102 million, NorthTech is a four-storey, high-tech light industrial building with a basement carpark.

Due for completion in the second half of 2019, the AEI will include improvements such as upgrades to the passenger lift lobbies, toilets, drop-off area, external landscaping, and creation of a new carpark entrance with better vehicular circulation.

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