Boustead Singapore, UI Boustead REIT in JV for Seletar aerospace facility

Boustead Singapore ( (SG:F9D) ) just unveiled an update.

Boustead Singapore has entered a joint venture with newly listed UI Boustead REIT to invest in, develop, own and operate a build-to-suit aerospace facility on JTC-leased land at Seletar Aerospace Road, with Boustead holding 49% and the REIT 51%. The facility, pre-leased to a leading global aerospace corporation under an agreement for lease, will see Boustead Projects E&C appointed as both construction contractor and EPCM consultant, expanding the group’s FY2027 contract wins to about S$461 million, although the project is not expected to materially impact current-year earnings.

The development underscores Boustead’s strategy of leveraging its engineering and construction arm alongside its real estate platform and sponsored REIT to capture large-scale industrial and aerospace projects in Singapore. It builds on a year of major milestones, including Boustead Projects E&C securing record public-sector contracts and UI Boustead REIT’s landmark SGX Mainboard listing, strengthening the group’s integrated position in industrial real estate and infrastructure development.

More about Boustead Singapore

Boustead Singapore Limited is a Singapore-listed infrastructure-related engineering and technology group, with core operations in energy engineering, real estate solutions, geospatial technology and healthcare. The group designs and develops energy infrastructure and sustainable, future-ready industrial and commercial real estate, while also distributing Esri ArcGIS geospatial platforms and offering medical and rehabilitative solutions across major Asia-Pacific markets.

YTD Price Performance: 36.78%

Average Trading Volume: 850,353

Technical Sentiment Signal: Buy

Current Market Cap: S$1.2B

See more insights into F9D stock on TipRanks’ Stock Analysis page.