Some of its properties include Razer SEA HQ, GSK Asia House, Rolls-Royce Solutions Asia, Edward Boustead Centre and AUMOVIO Building phase 1 and 2. The portfolio’s weighted average lease expiry (WALE) stood at 5.8 years, while the WALE for its top 10 tenants stands at 8.4 years. Distribution yield for UI Boustead REIT is expected to be 7.4% for FY2026 and projected to increase further to 7.8% for FY2027, ending March 31. Separately, the likes of DBS Bank, JP Morgan Asset Management (Singapore), Maybank Asset Management, Jumbo Group, Lian Beng Group chair Ong Pang Aik and Boustead Singapore chairman and group CEO Wong Fong Fui, among others, are some of the key cornerstone investors for the REIT.
Singapore
UI Boustead REIT has lodged its IPO prospectus for its $1.9 billion commercial property portfolio. The portfolio consists of 23 properties, of which 21 are located in Singapore, while the remaining two are freehold properties in Japan. The properties have a total gross floor area of approximately 5.9 million sq ft with 5.3 million sq ft of net lettable area. In terms of portfolio valuation, 70% of it are from Singapore while the remaining 30% comes from Japan. As at Sep 30, 2025, the portfolio occupancy rate stood at 89.4%.
