Colliers completes $56.65m sale and leaseback of Framework Building

The building is located near Paya Lebar and features a flexible layout.

Colliers Industrial Services completed a sale and leaseback transaction for the Framework Building with AIMS APAC REIT acquiring the property for $56.65m.

Located at 2 Aljunied Avenue 1 near the Paya Lebar commercial hub, the Framework Building has a gross floor area (GFA) of approximately 18,662 square metres, Colliers said.

Colliers will lease back 70% of the GFA for five years to ensure operational continuity and unlock capital, it added.

The property’s flexible layouts and high-power capacity make it suitable for advanced sectors such as healthcare, life sciences, and precision manufacturing, said Edmund Lee, executive director, industrial services, Colliers Singapore.

The transaction aligned with the market momentum highlighted in Colliers’ Q3 2025 Industrial & Logistics Insights, which showed that amidst tightening vacancy rates and rising prime logistics rents, demand continues to shift toward high-specification assets.

The deal was brokered by the firm’s Edmund Lee and Raphael Lee.

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