Singapore, 24 March 2026 - Toll Group today announced that it has entered into an agreement to sell and lease back its strategically located logistics asset at 25 Loyang Crescent in Singapore, as part of its ongoing capital management and operational optimisation strategy.
Under the agreement, the property will be acquired by CapitaLand Ascendas REIT or its designated nominee, with Toll entering into a 12-year triple-net lease, with a conditional option to extend the lease at the wharf and jetty area for an additional 6 years, ensuring continuity of service for customers operating from the site.
Toll Group Executive Chairman Thomas Knudsen said the transaction reflects the company’s disciplined approach to capital allocation while maintaining operational continuity.
“This transaction allows us to unlock capital from a high-quality asset while retaining full operational capability at a strategically important site, focusing on our core services for the marine, offshore and oil and gas industry.
The leaseback arrangement ensures we retain full use of the facility under a long-term agreement, providing continuity for customers, operations and employees.
It positions us to continue investing in our core logistics and supply chain services, while maintaining certainty for our customers and partners.”
The Loyang facility is a logistics hub supporting marine, offshore and energy sectors, with integrated land and sea connectivity and specialised waterfront infrastructure.
The transaction is expected to complete in 3Q 2026, subject to customary conditions.
About Toll Group
At Toll, we do more than just logistics - we move the businesses that move the world. Our 14,000 team members can help solve any logistics, transport or supply chain challenge – big or small. We have been supporting our customers for more than 130 years. Today, we support more than 20,000 customers worldwide from around 300 sites in over 30 markets, and a forwarding network spanning 140 countries. We are proudly part of Japan Post — www.tollgroup.com.
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