AMS-OSRAM has renewed its lease for the production area and the office units for a five-year and two-year term, respectively. This renewal achieved a positive rental reversion of 12.9%.
The manager of ESR-LOGOS REIT (E-LOG), announced on Sept 1, that AMS-OSRAM Asia Pacific, one of the REIT’s top ten tenants, has renewed its tenancy at 7000 Ang Mo Kio Avenue 5.
AMS-OSRAM as the largest anchor tenant at the property, occupies about 46,220 sq m or 60.7% of the property by net lettable area (NLA). The property remains the largest site office of AMS-OSRAM in Singapore and is also the headquarters for its manufacturing and business operations.
