ESR-REIT said on Jan, 30 2026 that its trustee has signed a put-and-call option agreement to divest the hotel and retail strata lot at 2 Changi Business Park Avenue 1 for about 101.0 million Singapore dollars.

The buyer, Coliwoo Project Ace Pte Ltd, will pay an option fee followed by the balance on completion, which is expected in the first quarter of 2026. The sale price is in line with an independent valuation of 100.9 million Singapore dollars conducted by Savills as at Dec, 31 2025.

After the transaction, ESR-REIT will retain the business park, retail and convention centre components of ESR BizPark @ Changi, representing roughly 81 percent of the integrated development’s total gross floor area.

Net proceeds will be used mainly to repay borrowings and cut interest expenses pending redeployment into potential acquisitions, asset enhancements, redevelopments or working-capital needs.

The divestment will reduce the trust’s operating and capital expenditure for the asset, which has not contributed income since its master lease expired in Sep, 2025. ESR-REIT’s portfolio will continue to comprise 70 properties across Singapore, Japan and Australia, plus stakes in three Australian property funds, upon closing of the deal.