Artist's visualisation of the Kolam Ayer 2 cluster after redevelopment. (Image: Mapletree Industrial Trust)

Singapore-listed industrial REIT, Mapletree Industrial Trust, is further reconstituting its portfolio with a SGD263 million redevelopment of its Kolam Ayer 2 cluster.

The cluster of properties will be redeveloped into a high-tech industrial precinct, said the REIT in its announcement on 10 July.

The precinct will include a build-to-suit (BTS) facility for a global medical device company headquartered in Germany.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.