Boustead Projects JV to buy IBM’s Tampines technology park property for S$77.4m

Boustead Projects Limited's 51 per cent-owned JV company, BP-TPM LLP, is buying IBM’s manufacturing facility in Tampines for S$77.4 million. Completed in 2010, the three-storey light industrial building has a gross floor area of 430,999 square feet. Located at 6 Tampines Industrial Avenue 5, the IBM Singapore Technology Park is currently leased to IBM by landlord JTC Corp for a 30-year period that...

Boustead Singapore’s FY2008 profit up 46% to S$51.5m

Infrastructure company, Boustead Singapore, said its FY2008 net profit rose 46 percent to S$51.5 million, while its revenue rose about 28 percent to S$438 million – the sixth straight year of record profits and revenues. Boustead said its better showing was due to the buoyant environment and strong global demand for infrastructure projects in developing nations. Three of its four divisions performed...

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