Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
HPF Holdings, a 51%- managed subsidiary of Aedge Group, has actually carried out the procurement of the industrial establishment situated at 219 Kallang Bahru for $13.99 million.
The 219 Kallang Bahru real estate will be mainly for the group’s own use, with the lasting room tenanted out for recurring revenue.
The purchase price is in line with the private evaluation of $14 million.
This is the group’s 3rd commercial property procurement. In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11, called Amethyst House. Across nearly 80,000 sq ft of land, it works as added warehouse space supporting the growth of the engineering business and now likewise houses a 299-bed secondary employees’ dorm.
” At an appropriate chance in the future”, Aedge will certainly also explore investment improvement campaigns to repurpose the building to match the team’s future needs.
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This was adhered to by the acquisition 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 supporting dormitory, according to Aedge’s website.
This becomes part of the team’s long-term expansion plan to branch out and generate recurring earnings, according to a June 30 bourse filing by Aedge. The Singapore-listed business provides engineering, safety and security, manpower, and transportation assistances, and also contracts out its investment properties for rental revenue.
Back in September 2025, the subsidiary HPF had exercised the alternative to purchase the balance of the lease of the property, settling a deposit of $559,520 to the company, Chutex Holdings. The balance factor to consider of $13.29 million was to be paid upon finish of the transaction.
Poh Soon Keng, exec director and chief executive officer of the team, said: “Industrial real properties such as this set support our core engineering and working needs, whilst the more lettable room offers a steady income stream that matches the project-based earnings from our other organization sectors.”
The leasehold home has a 60 years lease term provided by JTC, starting from February 1984. It extends 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 real estate.
