Without disclosing its name, AA REIT's manager says the tenant is a global medical device company headquartered in the US.
SINGAPORE (July 18): A master tenant has been secured for its property at 3 Tuas Avenue 2, says the manager of AIMS APAC REIT (AA REIT), and it will be occupy the entire premises of about 268,000 sf.
The tenant has also committed to a 10-year master lease on a triple net lease basis, with rental escalations every two years during the initial term and options to renew the lease for up to a further 20 years after the expiry of the initial 10-year term.
