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Starhill Global REIT raises rents under Ngee Ann City's Toshin master lease

PC Lee Published on Wed, Jun 08, 2016 / 10:04 PM GMT+8

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SINGAPORE (June 8): YTL Starhill Global REIT Management, the manager of Starhill Global REIT (SGREIT), on Wednesday announced the new base rent for the Toshin master lease.

The new base rent is 5.5% higher than the existing rate and is effective for three years starting June 8.

The rate is based on the average of three market rental valuations, undertaken by independent licensed valuers.

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