Toll Group agrees sale and leaseback of Singapore logistics facility

Toll Group has entered into a sale and leaseback agreement for its logistics facility at 25 Loyang Crescent in Singapore, with the property to be acquired by CapitaLand Ascendas REIT or its designated nominee.

The transaction is expected to complete in the third quarter of 2026, subject to customary conditions.

Under the terms of the agreement, Toll will enter into a 12-year triple-net lease on the facility, with a conditional option to extend the lease at the wharf and jetty area for a further six years.

The arrangement ensures full operational continuity at the site for customers, staff and partners throughout and beyond the transaction period.

The Loyang facility serves as a logistics hub for the marine, offshore and oil and gas sectors, offering integrated land and sea connectivity alongside specialised waterfront infrastructure.

Its strategic location and sector-specific capabilities make it a material asset within Toll’s operational network.

Toll Group Executive Chairman Thomas Knudsen described the transaction as consistent with the company’s disciplined approach to capital allocation, enabling the group to unlock capital from a high-quality asset while retaining complete operational use of the site.

He indicated that the proceeds would support continued investment in Toll’s core logistics and supply chain services.

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