Aedge subsidiary buys 219 Kallang Bahru industrial building for $13.99 mil
HPF Holdings, a 51%- managed branch of Aedge Group, has actually finished the procurement of the commercial property found at 219 Kallang Bahru for $13.99 million.
This was adhered to by the purchase 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.
” At an appropriate opportunity in the future”, Aedge will additionally explore investment improvement campaigns to repurpose the building to match the group’s future requirements.
The 219 Kallang Bahru real estate are going to be mainly for the group’s own usage, with the standing room tenanted out for recurring earnings.
Poh Soon Keng, executive chairman and CEO of the team, said: “Industrial properties such as this set help our core engineering and working demands, while the added lettable room provides a steady income stream that complements the project-based income from our other business segments.”
The leasehold home has a 60 years lease term granted by JTC, starting from February 1984. It covers a land area of 2,652 sq m (28,547 sq ft) and a built-up area of regarding 6,618 sq m (71,236 sq ft).
The acquisition rate remains in line with the independent evaluation of $14 million.
This becomes part of the group’s extended growth strategy to diversify and create recurring revenue, according to a June 30 bourse declaring by Aedge. The Singapore-listed firm offers engineering, security, workforce, and transportation services, and also rents out its investment real properties for rental income.
This is the group’s 3rd commercial building acquisition. In October 2023, Aedge carried out the acquisition of 9 Tuas South Street 11, named Amethyst House. Across almost 80,000 sq ft of land, it works as additional warehouse space supporting the growth of the engineering business and now likewise houses a 299-bed secondary workers’ dorm.
Back in September 2025, the subsidiary HPF had exercised the alternative to purchase the balance of the contract of the property, paying a deposit of $559,520 to the company, Chutex Holdings. The balance factor to consider of $13.29 million was to be paid upon finalization of the deal.
In its most recent declaration, Aedge considered that this acquisition deepens its visibility in recurring-income real estate.
