At the same time, the REIT has welcomed a new tenant for 7002 Ang Mo Kio Avenue 5, which recently undertook an asset enhancement initiative (AEI). The new tenant brings the building’s occupancy to 62%. 7002 Ang Mo Kio Avenue 5 obtained its temporary occupation permit (TOP) on Sept 8.
“We are delighted to announce that an existing tenant has expanded their operations within ESR Sakura DC, our maiden acquisition in Japan, leading to 100% occupancy at the facility. In addition, our newly completed building at 7002 Ang Mo Kio Avenue 5 continues to demonstrate strong leasing traction as its occupancy increased to 62% within two months of obtaining TOP,” says Adrian Chui, CEO and executive director of the manager.
Units in E-LOG closed 0.5 cents lower or 1.96% down at 25 cents on Oct 26.
