Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
The 219 Kallang Bahru real estate are going to be primarily for the team’s very own use, with the lasting room tenanted out for recurring income.
This was followed by the procurement of 4 Tuas South Street 11, named Beryl House, in November 2024. Settling on a 107,643 sq ft site, this consists of a four-storey single-user detached warehouse and a 408-bed secondary dormitory, according to Aedge’s website.
This is the group’s 3rd industrial property procurement. In October 2023, Aedge carried out the acquisition of 9 Tuas South Street 11, called Amethyst House. Throughout almost 80,000 sq ft of land, it serves as extra warehouse area supporting the development of the engineering business and now also houses a 299-bed secondary employees’ dorm.
” At a suitable opportunity in the future”, Aedge will additionally look into asset enhancement campaigns to repurpose the facility to match the group’s future demands.
HPF Holdings, a 51%- owned subsidiary of Aedge Group, has actually carried out the procurement of the industrial building located at 219 Kallang Bahru for $13.99 million.
The Arcady @ Boon Keng Singapore
The leasehold residential or commercial property has a 60 years lease term provided by JTC, commencing from February 1984. It spans an acreage of 2,652 sq m (28,547 sq ft) and a built-up area of concerning 6,618 sq m (71,236 sq ft).
In its most recent filing, Aedge noted that this procurement strengthens its visibility in recurring-income property.
This belongs to the team’s long-term growth strategy to branch out and generate recurring earnings, according to a June 30 bourse declaring by Aedge. The Singapore-listed firm provides engineering, safety and security, manpower, and transport services, and also contracts out its investment residences for leasing income.
Back in September 2025, the subsidiary HPF had actually exercised the choice to buy the balance of the contract of the property, settling a deposit of $559,520 to the dealer, Chutex Holdings. The balance consideration of $13.29 million was to be paid upon finish of the deal.
Poh Soon Keng, executive chairman and CEO of the group, stated: “Industrial estates such as this support our core engineering and operational demands, whilst the more lettable room offers a steady revenue stream that matches the project-based revenue from our various other service sectors.”
The acquisition rate remains in line with the private assessment of $14 million.
