System Status: Fan Maintenance
Just one week ago, I posted update on the Fan maintenance and today, some corners of the fan gets clogged with dust and become dust bunnies or dust balls ! =( This is not really surprising because May and June are usually the hottest months and the fan usage is at its highest.
Had did a simple cleaning. I will need some time to open up the fan and do a totally clean up and get rid of the persistent and unwelcome guests - dust bunnies !
- wong chee tat :)
Saturday, June 28, 2014
A-REIT acquires and leases back Hyflux Innovation Centre for $191.2 mil
A-REIT acquires and leases back Hyflux Innovation Centre for $191.2 mil
WRITTEN BY THE EDGE
THURSDAY, 26 JUNE 2014 09:08
Ascendas Funds Management (S) Limited, the manager of Ascendas Real Estate Investment Trust (A-REIT) is acquiring Hyflux Innovation Centre located at 80 Bendemeer Road for a total purchase consideration of $191.2 million.
Upon completion of the acquisition, Hyflux and Hydrochem will leaseback 50% of Gross Floor Area of 43,434 sqm for 15 years while all existing third party tenants in the property will be assigned to A-REIT. The property will have an occupancy rate of 83.9% and the vendor will provide rental support for the remaining vacant space for three years.
Hyflux Innovation Centre is located within the Kallang Industrial Estate and is within three minutes’ walk to Boon Keng MRT station along the North-East Line. The property is a 10-storey high-specifications building with a basement and surface car park. Current tenants include Hyflux, NEC, Covidien Private Ltd, American Express and Renesas Electronics Singapore Pte Ltd.
Tan Ser Ping, Executive Director and Chief Executive Officer of A-REIT Manager, said, “We are pleased to strengthen our relationship with Hyflux Ltd, with a sale-and-leaseback arrangement at Hyflux Innovation Centre. This property is a prime high-specifications development located at the fringe of the central business district. Hyflux’s commitment to lease 50% of gross floor area for 15 years will extend A-REIT’s weighted lease expiry profile to 3.96 years.”
Following the above acquisition, A-REIT’s weighted average lease term to expiry is expected to increase from 3.85 years to 3.96 years. A-REIT will own a total of 103 properties in Singapore and two business park properties in China.
- wong chee tat :)
WRITTEN BY THE EDGE
THURSDAY, 26 JUNE 2014 09:08
Ascendas Funds Management (S) Limited, the manager of Ascendas Real Estate Investment Trust (A-REIT) is acquiring Hyflux Innovation Centre located at 80 Bendemeer Road for a total purchase consideration of $191.2 million.
Upon completion of the acquisition, Hyflux and Hydrochem will leaseback 50% of Gross Floor Area of 43,434 sqm for 15 years while all existing third party tenants in the property will be assigned to A-REIT. The property will have an occupancy rate of 83.9% and the vendor will provide rental support for the remaining vacant space for three years.
Hyflux Innovation Centre is located within the Kallang Industrial Estate and is within three minutes’ walk to Boon Keng MRT station along the North-East Line. The property is a 10-storey high-specifications building with a basement and surface car park. Current tenants include Hyflux, NEC, Covidien Private Ltd, American Express and Renesas Electronics Singapore Pte Ltd.
Tan Ser Ping, Executive Director and Chief Executive Officer of A-REIT Manager, said, “We are pleased to strengthen our relationship with Hyflux Ltd, with a sale-and-leaseback arrangement at Hyflux Innovation Centre. This property is a prime high-specifications development located at the fringe of the central business district. Hyflux’s commitment to lease 50% of gross floor area for 15 years will extend A-REIT’s weighted lease expiry profile to 3.96 years.”
Following the above acquisition, A-REIT’s weighted average lease term to expiry is expected to increase from 3.85 years to 3.96 years. A-REIT will own a total of 103 properties in Singapore and two business park properties in China.
- wong chee tat :)
Ezylink card
I looked everywhere and I cannot find my ezylink card yesterday. Where could the small ezylink card be?
I then realized that I must have dropped it while on way to work. Now it really sucks! Hope some kind soul can return to me.
Thanks!
- wong chee tat :)
I then realized that I must have dropped it while on way to work. Now it really sucks! Hope some kind soul can return to me.
Thanks!
- wong chee tat :)
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