ESR-REIT obtains TOP for 29 Tai Seng Street AEI, secures 100% occupancy with PSB Academy lease
Reuters2026/08/04 00:18- ESR-REIT completed the asset enhancement at 29 Tai Seng Street, Singapore, securing a Temporary Occupation Permit on Aug. 4, 2026.
- The upgraded property reached 100% occupancy ahead of schedule via a long-term lease to PSB Academy with about a 10-year term.
- PSB Academy also leased two floors at 16 Tai Seng Street on a similar roughly 10-year structure, lifting occupancy to 68% from 53%.
- Income contribution from 29 Tai Seng Street is set to start in 3Q2026; leases include annual rental escalations.
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