Aedge Group Buys Westerhout Road Freehold Property for $7.5m

Aedge Group buys Westerhout Road freehold property for $7.5m

Aedge Group Limited has acquired a freehold commercial corner-terrace property at 2 Westerhout Road from IPF Investments for a consideration of $7.5m.

Aedge acquires corner terraced property on Westerhout Road for $7.5 mil

Aedge Group, through its wholly-owned subsidiary IPF Investments, has acquired a freehold corner terraced property located at 2 Westerhout Road in the Geylang-Eunos precinct. It was purchased for $7.5 million, the Singapore-listed group said in an Oct 12 bourse filing. The acquisition is part of its growth strategy to diversify revenue and enhance shareholder value through its investment properties division, the group added. Aedge also provides …