Tower REIT will continue to actively seek to acquire properties with potential for capital appreciation and yield enhancement to further deliver value to its unit holders.

The Group’s maiden development investment in Vietnam is The Canary. The Canary will have the distinction of being the first fully-integrated development in Binh Duong Province, a leading recipient of Foreign Direct Investment among Vietnam’s provinces. The Canary is well-positioned to tap the potential growth of Binh Duong Province, the surrounding provinces of Ho Chi Minh City, and the Vietnam-Singapore Industrial Park.

The Canary will yield a total gross floor area of close to 290,000 square metres and will include 1,200 residential apartments, a retail mall, a hotel, educational facilities including an international school, a sports complex and supporting commercial components.