UI Boustead REIT’s initial portfolio is expected to comprise 23 properties – with 21 leasehold properties located in Singapore and two freehold properties located in Japan. The IPO properties have a total gross floor area (GFA) of approximately 5.9 million square feet (sq ft) and a net lettable area of approximately 5.3 million sq ft.
The board of directors of Boustead Singapore has announced that the name of its proposed REIT is UI Boustead REIT, which will principally invest directly or indirectly in logistics, industrial, high-specifications industrial and business space assets.
UI REIT’s investment strategy includes investments in Asia Pacific with an initial focus on Singapore and Japan.
