OXLEY Holdings is expected to clinch Pei Fu Industrial Building off Upper Paya Lebar Road in what could be the first collective sale of an industrial property to be awarded this year.

The Business Times understands that the mainboard-listed group will be paying S$76.25 million for the freehold property in New Industrial Road.

The expected transaction price, which surpasses the reserve price of S$75 million, works out to S$489 per square foot per plot ratio (psf ppr), based on the proposed gross floor area (GFA) of 155,864 square feet (sq ft).

ASCENDAS Reit on Monday reported an increase in distribution per unit (DPU) to 3.91 Singapore cents for its fourth quarter ended March 31, 2018.

This is higher than the 3.852 Singapore cents it paid out a year ago.

Gross revenue of the trust rose 3.3 per cent to S$215.7 million, while net property income rose 2.5 per cent to …