Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil

The acquisition rate remains in line with the private assessment of $14 million.

Back in September 2025, the subsidiary HPF had exercised the choice to buy the balance of the lease of the property, paying a deposit of $559,520 to the dealer, Chutex Holdings. The balance consideration of $13.29 million was to be paid upon completion of the purchase.

In its most recent filing, Aedge considered that this acquisition strengthens its existence in recurring-income real estate.

This is part of the group’s extended growth plan to branch out and generate recurring income, according to a June 30 bourse declaring by Aedge. The Singapore-listed business offers engineering, security and safety, manpower, and transport services, and also rents out its investment residences for leasing earnings.

” At an ideal chance in the future”, Aedge will additionally explore property enhancement campaigns to repurpose the building to fit the group’s future needs.

This is the group’s 3rd commercial building acquisition. In October 2023, Aedge completed the acquisition of 9 Tuas South Street 11, called Amethyst House. Throughout nearly 80,000 sq ft of land, it serves as additional warehouse area sustaining the growth of the engineering business and now likewise houses a 299-bed secondary workers’ dorm room.

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This was complied with by the acquisition of 4 Tuas South Street 11, called Beryl House, in November 2024. Sitting on a 107,643 sq ft site, this includes a four-storey single-user detached warehouse and a 408-bed secondary dormitory, according to Aedge’s website.

The 219 Kallang Bahru property are going to be mainly for the team’s very own usage, with the lasting room tenanted out for recurring earnings.

Poh Soon Keng, exec chairman and CEO of the team, said: “Industrial real properties such as this one help our core engineering and operational needs, while the additional lettable space supplies a steady revenue stream that complements the project-based revenue from our various other business segments.”

HPF Holdings, a 51%- managed branch of Aedge Group, has finished the procurement of the industrial establishment situated at 219 Kallang Bahru for $13.99 million.

The leasehold home has a 60 years lease term provided by JTC, starting 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).