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UI Boustead REIT (SGX:UIBU) has entered into an agreement to develop a build-to-suit integrated aerospace facility with NLA of 252,113sf at Seletar Aerospace Park. The project has an estimated total development value of S$104m and is structured as a co-investment, with UI Boustead REIT holding a 51% stake and Boustead Singapore (SGX:F9D) retaining the remaining interest of 49%. The facility will be developed by the REIT Manager with engineering, procurement and construction management undertaken by Boustead Singapore’s subsidiary, Boustead Projects E&C.
Cementing lead in automotive, aerospace & avionics.
- - Read this at SGinvestors.io -
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The property would be utilised as an aircraft hangar, MRO facility, customer lounge and administrative office. Exposure to the innovative, technology-intensive and high-value automotive, aerospace & avionics sector expanded from 19.3% to 22.1% of gross rental income. Exposure to Singapore increased from 71.2% to 72.0%.
Reinforcing UI Boustead REIT’s presence within SAP.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Jonathan Koh CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-05-26
Read also UOB's most recent report:
2026-06-15 UI Boustead REIT - Aerospace Tenants Deepen Presence In Singapore.
Price targets by 2 other brokers at UIB REIT Target Prices.
Listing of research reports at UIB REIT Analyst Reports.
Relevant links:
UIB REIT Share Price History,
UIB REIT Announcements,
UIB REIT Dividend Payout Dates & Corporate Actions,
UIB REIT News
