The target profile features a long heavy typical lease expiration of 5 years and is 100% occupied by 12 tenants from a diverse variety of industries including logistics provider, engineering business and a food supplier. 540-570 Congress Circle South (imagined) is just one of the 7 residential or commercial properties in the portfolio.

New UOL Group Condo Ang Mo Kio Floor Plans

The Panorama by UOL Group at Ang Kok Avenue 1 is a landmark property with 6 distinctive towers and lush landscaping. More info is available at Amo Residences Floor Plans. The condo offers excellent accessibility with convenient access to Ang Mo Kio MRT station and its future Mayflower MRT station. Within walking distance are reputable schools like CHIJ St. Nicholas Girls’ School and many other well-established educational institutions. The Panorama condo is also within walking distance of Bishan Park and Lower Peirce Reservoir.

The site is 136,480 square feet in size, with a maximum GFA of 341,205 sqft. Upon completion, the development is expected to be completed by June 2018. The project is located on land that was purchased in a 99-year leasehold auction last May for $381.4 million. The developer is developing the project in partnership with Singapore Land Group and Kheng Leong Co, as part of a 60:20:20 joint venture.

Ascendas REIT will certainly obtain a portfolio of 7 logistics properties in Chicago, Illinois, in the United States. The REIT’s supervisor, Asendas Funds Management, revealed that the overall purchase factor to consider for the portfolio is $133.2 million.

According to an independent assessment by HSBC Institutional Trust Services (Singapore), the profile had an aggregate market value of $140.5 million as of March 29.

The portfolio is being collectively marketed by BREIT Industrial HS Property Owner, BREIT Industrial Canyon Il1M03, BCORE Jupiter NEMW 1, and Icon Pac Owner Pool 4 Northeast/Midwest.

“”Following our successful access into the United States logistics market in November 2021, we delight in Tampines Ave 11 Condo to obtain one more portfolio consisting of 7 logistics residential or commercial properties in Chicago, the largest commercial market in the nation based upon existing area,” states William Tay, executive director as well as CEO of the REIT supervisor.

He adds that the profile of buildings has a long heavy typical lease expiry of five years and is completely leased to 12 tenants. The occupants include logistics company, design companies, and also a food supplier.

The procurement is anticipated to be completed by 2Q2022.