ESR-REIT has further reduced its exposure to Hyflux Membranes, by securing two new leases at 8 Tuas South Lane.
Hyflux Membranes is linked to embattled environmental solutions company Hyflux Limited, and previously occupied the property.
The new leases have been signed with Pacific Integrated Logistics and Royal's Engineering & Trading.
The companies have collectively leased an aggregate of 284,700 square feet of space at the property.
Pacific Integrated Logistics is a global logistics provider operating in 16 locations across 11 countries.
It has leased approximately 206,000 square feet of space which equates to an estimated 26.9% of the total net leasable area (NLA) of the property.
Meanwhile, Royal's Engineering & Trading is a local company in the construction industry specialising in plumbing and electrical works.
It has leased approximately 78,700 square feet, with an estimated 10.3% of the total NLA of the property.
With the new tenants, the committed occupancy for the property is now approximately 90.3% of which 58.3% is currently leased to sub-tenants.
Correspondingly, rental income exposure to Hyflux Membranes will be reduced from 2.8% to 1.6% on a portfolio basis.