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News - Detailed News Story

ESR-Reit secures railway firm as tenant at Tuas industrial property

07 Sep 2019 09:00

By Fiona Lam

ESR-REIT has secured a new lease for about 168,846 square feet (sq ft) at its 8 Tuas South Lane property with Singapore railway firm P-Way Construction and Engineering, the industrial Reit's (real estate investment trust) manager said in a bourse filing on Thursday.

That accounts for about one-fifth of the 768,201 sq ft of lettable area at the property. ESR-Reit did not disclose the lease terms including the duration and rent amount.

P-Way will use the space to supply steel fabrication works, store railway equipment and parts, and provide dormitory services for its employees.

The company specialises in railway construction, installation and maintenance, and is contracted by Singapore's Land Transport Authority to provide track work services.


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Source: Business Times
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