Key Points
- A-REIT has signed a conditional Sale and Purchase agreement with Ascendas (Tuas) Pte Ltd (the “Vendor”) to acquire Neuros & Immunos at 8/8A (“the Property”) Biomedial Grove, Biopolis, for a purchase consideration of S$125.6 million (the “Acquisition”).
- Neuros & Immunos are a pair of 7-storey multi-tenanted science park buildings sited on a land area of 8,051 sqm with a 30+30 years land lease tenure with effect from February 2005. They have a gross floor area and net lettable area of 36,931 sqm and 28,345 sqm respectively and are currently 100% occupied.
- The annualised pro forma financial effect of the Acquisition on the distribution per unit for the financial year ended 31 March 2010 would be an additional 0.03 cents per unit.
- A-Reit launches private placement of up to 209,425,000 new units
- A-REIT forays into Shanghai, China with the forward purchase of a Business Space Property
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