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ESR REIT Completes Acquisition of 46A Tanjong Penjuru

ESR REIT Completes Acquisition of 46A Tanjong Penjuru

June 30, 2021 – ESR REIT announced that their acquisition of an in-demand modern ramp-up logistics property, 46A Tanjong Penjuru, Singapore has been completed.

The Property is a 5-storey modern ramp-up logistics facility with mezzanine offices on each floor, which is located within a well-established industrial estate of Tanjong Penjuru and is within the Jurong Industrial Estate in the west central area of Singapore. The Property is easily accessible to the city and is well served by major expressways such as the Ayer Rajah Expressway, the West Coast Highway and the Pan Island Expressway.

The location is an established logistics sector and is well sought after due to its close proximity to the Central Business District, Jurong Port, Tuas Megaport and key container yards.

Following the Completion, ESR-REIT currently holds interest in 58 properties of which 12 are logistics properties. The Property is the sixth modern ramp-up warehouse in ESR-REIT’s portfolio.

Read announcement here..

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