Soilbuild Business Space REIT is a Singapore real estate investment trust established with the principal investment strategy of investing on a long-term basis, directly or indirectly, in a portfolio of income-producing real estate used primarily for business space purposes in Singapore as well as real estate-related assets. Soilbuild REIT was listed on the Singapore Exchange Securities Trading Limited on 16 August 2013.
"Business space" refers to (i) all properties zoned as business park (which includes business space used primarily for high-technology, research and development, high value-added and knowledge-intensive activities, including any ancillary usage, so long as such usage is permitted under the relevant regulations) and (ii) industrial properties (including, but not limited to, ramp-up facilities, flatted factories and light industrial properties) which are used primarily for, among others, manufacturing, engineering, logistics, warehousing, electronics, marine, oil & gas, research and development and value-added knowledge-based activities.
Soilbuild REIT's portfolio comprises 11 business space properties – two business park properties and nine industrial properties. They include Solaris, an iconic business park development in one-north hub, the Eightrium @ Changi Business Park, Tuas Connection, and West Park BizCentral. Soilbuild REIT will offer the largest exposure to the business park segment compared to the other Singapore listed REITs given it has the highest proportion of business park assets. It also has the longest weighted average leasehold term for underlying land including options to renew relative to other Singapore listed industrial REITs.
As at 30 June 2015, the IPO portfolio has an aggregate gross floor area of approximately 3.8 million sq ft and total valuation of $1,186.0 million.
For more information, please visit www.soilbuildreit.com.