The divestment amount is said to be at a 4.8% premium to the property’s valuation. As at Dec 1, Knight Frank conducted an independent valuation on the property and found it to be worth $6.8 million.
The manager of ESR-LOGOS REIT (E-LOG) has entered into a contract of sale to divest 70 Seletar Aerospace View for $7.1 million.
The space, which is located at Seletar Aerospace Park, has a gross floor area of 4,992 sqm. The property is about eight years and has a remaining tenure of 19 years.
