AMS-OSRAM Renews Lease At 7000 Ang Mo Kio Avenue 5
September 5, 2022 – ESR-LOGOS Funds Management (S) Limited, the manager of ESR- LOGOS REIT announced that 7000 AMK LLP has renewed its tenancy with AMS-OSRAM Asia Pacific Pte. Ltd., a top ten tenant of ESR-LOGOS REIT1, at 7000 Ang Mo Kio Avenue 5.
The largest anchor tenant at the Property, AMS-OSRAM occupies about 46,220 square metres or 60.7% of the Property by net lettable area. The Property remains the largest site office of AMS-OSRAM in Singapore and is also the headquarters for its manufacturing and business operations.
AMS-OSRAM has renewed its Lease for the production area and the office units for a five-year and two-year term, respectively. This renewal achieved a positive rental reversion of 12.9% and AMS- OSRAM will remain as one of the top ten tenants by effective gross rent in ESR-LOGOS REIT’s portfolio.
Mr. Adrian Chui, Chief Executive Officer and Executive Director of the Manager, said, “AMS-OSRAM’s lease renewal with us is a testament to the quality of the Property and relationship with E-LOG. We are pleased to continue our partnership with AMS-OSRAM and provide them a conducive environment in support of their growing business to innovate and nurture their manufacturing and business operations. With the ongoing development of a new modernised building at the Property, we envisage 7000 AMK becoming an iconic high-specs property of choice for industrialists in the advanced manufacturing and data centre sectors.”
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