AA REIT achieves TOP for redevelopment of 8 Tuas Avenue 20

SINGAPORE (Aug 30): AIMS AMP Capital Industrial REIT (AA REIT) has received the Temporary Occupation Permit (TOP) for the redevelopment of land parcel units 8 & 10 Tuas Avenue 20, according to the manager of the REIT.  

With the redevelopment, the land parcels are amalgamated and are now known collectively as 8 Tuas Avenue 20, says the manager in a media release on Wednesday.

As a result, the property’s gross floor area (GFA) has been increased by 32.5% to 158,853 sq ft from 117,521 sq ft previously, and has been valued by CBRE at $24.1 million.

---

Related Stories

• Industrial policy’s deceptive new clothes
• Hongkong Land and 10 tenants commit over US$1 bil to redevelop Landmark
• ESR-LOGOS REIT’s Ang Mo Kio property obtains TOP and achieves 50% occupancy after AEI

---