On June 23, Boustead Projects (SGX:AVM
) announced that it has entered into a units purchase agreement with each of the two investors where it will sell its units in the Boustead Real Estate Fund (BREF) for an aggregate consideration of $8.9 million.
Boustead Projects has entered into several transactions for the joint redevelopment of a logistics and manufacturing facility at 36 Tuas Road. The facility has a total gross floor area (GFA) of 59,800 sqm.
The transactions will be entered into with two accredited investors.
