ALOG in legal proceedings over property at 2 Fishery Port Road

The amount in dispute is around $8 million including interest and costs.

The incident was said to have resulted in damages to certain parts in the premises previously taken up by TSC.

ALOG says, in its statement on April 4, that it has begun discussions with its insurers and its legal counsel over the claim.

The claim is not expected to have a material impact on the REIT’s earnings.

See also: Digital Core REIT acquires 20% stake in Osaka data centre from Mitsubishi, launches US$750 mil euro medium-term note

Units in ALOG closed at 84.5 cents on April 1.