ESR-REIT obtains TOP for 29 Tai Seng Street AEI, secures 100% occupancy with PSB Academy lease

Reuters2026/08/04 00:18

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ESR-REIT completed the asset enhancement at 29 Tai Seng Street, Singapore, securing a Temporary Occupation Permit on Aug. 4, 2026.
The upgraded property reached 100% occupancy ahead of schedule via a long-term lease to PSB Academy with about a 10-year term.
PSB Academy also leased two floors at 16 Tai Seng Street on a similar roughly 10-year structure, lifting occupancy to 68% from 53%.
Income contribution from 29 Tai Seng Street is set to start in 3Q2026; leases include annual rental escalations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESR-REIT published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 0V8K7M4VD8X2CQOW) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ESR-REIT obtains TOP for 29 Tai Seng Street AEI, secures 100% occupancy with PSB Academy lease

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