We have established and invested in several strategic partnerships and platforms to enhance our resilience, competitive position and geographically expand across Asia. Working with like-minded, reputable and resilient strategic partners on several fronts has allowed us to pool our complementary capabilities and expertise to take on larger-scale projects and broaden our offerings to clients, while simultaneously reducing commercial and operational risks related to a particular geographic market, industry cluster or real estate sector. Activities under strategic partnerships potentially feed into our engineering & construction and real estate businesses.
UIB Holdings Ltd
UIB Holdings Ltd (“UIB”) is our strategic real estate fund management collaboration with Macquarie Asset Management and Unified Industrial, in which we hold an approximate 20% shareholding. Bringing together the robust real estate capabilities of two established players – Unified Industrial and Boustead Projects – UIB is a fully vertically integrated logistics and industrial real estate platform that focuses on high-growth markets in Asia, and has execution capabilities across the real estate value chain of sourcing and acquisition, development and asset enhancement, asset management, and property and leasing management.
As at 31 December 2025, UIB had total assets under management across Asia of approximately US$4.0 billion and over 19.0 million square feet of gross floor area.
For more information on UIB, visit www.uib.net.
UI Boustead REIT
Listed on the SGX Mainboard on 12 March 2026, UI Boustead REIT is established with the principal investment strategy of investing, directly or indirectly,
in logistics, industrial, high-specifications industrial and business space assets in the Asia Pacific and real estate-related assets.
While UI Boustead REIT’s investment strategy includes investments in the Asia Pacific, its initial focus will be on Singapore and Japan.
UI Boustead REIT’s initial portfolio comprises 23 properties – 21 properties located in Singapore and two properties located in Japan – with a total gross floor area of approximately 5.9 million square feet and total agreed property value of approximately S$1,904.2 million. UI Boustead REIT is managed by
UIB REIT Management Pte Ltd, a wholly-owned subsidiary of the Sponsor, UIB.
For more information on UI Bousted REIT, visit www.uibreit.com.
DSCO Pte Ltd
A 25% shareholding was acquired in DSCO Pte Ltd (“DSCO”), a provider of specialised building engineering consulting services in the Asia Pacific, with a strong reputation as a leading designer in data centres. We expect our strategic investment in DSCO to support our future expansion and augment our design-and-build and development capabilities in high-tech, higher value sectors and intend to leverage DSCO’s expertise, experience and reputable position in the high-growth data centre industry to jointly pursue data centre projects.
Echo Base-BP Capital Pte Ltd
Echo Base-BP Capital Pte Ltd (“Echo Base”) is our strategic JV real estate fund management and services platform focused on the development, investment and management of smart buildings and integrated developments across the Asia Pacific, specifically in selected global gateway cities. Echo Base is equally owned by Boustead Projects and Moor House Capital Pte Ltd, a company that is majority-owned by Razer Inc’s co-founder. This partnership facilitates our entry into new real estate sectors across a wider geographical reach.
KTG & Boustead
As part of our expansion into fast-growing regional markets, Boustead Projects entered into a strategic collaboration with Khai Toan Joint Stock Company (“KTG”), a leading conglomerate in electrical appliances, building materials and industrial real estate in Vietnam, through the acquisition of KTG & Boustead Joint Stock Company, the parent company of KTG & Boustead Industrial Logistics Joint Stock Company (“KBIL”). Managed by Boustead-KTG Industrial Management, KBIL is envisaged to be a leading logistics and industrial real estate development fund that will develop and own logistics and industrial parks in strategic locations in Vietnam, including ready-built industrial factories.
Perennial Holdings Pte Ltd Consortium
We joined a consortium led by Perennial Holdings Pte Ltd to develop Beijing Tongzhou Integrated Development Phase 1, a mixed-use Grade A iconic landmark development at the centre of Beijing Tongzhou’s Central Business District. We hold a 4% shareholding in Phase 1, which features a proposed 413,000 square metres of gross floor area with an eight-level retail podium, two office towers and one residential tower, with targeted completion in 2023.
Going forward, we will continue to focus on building upon our resilient strategic partnerships and platforms to support our medium to long-term growth efforts in Singapore and the region, and penetrate new high value-added real estate sectors.
Renewable Energy Partnerships
We have various renewable energy partnerships for the potential installation of rooftop industrial solar energy systems at our real estate projects and potential provision of lower-cost clean energy solutions to our clients and tenants. This partnership is intended to better utilise rooftop space – an important asset within our leasehold portfolio. Promoting eco-sustainability through greater use of renewable energy aligns with our leading position as a builder and developer of smart eco-sustainable business park and industrial developments.
THAB Sdn Bhd
THAB Sdn Bhd (“THAB”) is a strategic partnership that we formed with AME Construction Sdn Bhd, Tat Hong Holdings Ltd and CSC Holdings Ltd to address our growing presence in Malaysia. THAB currently holds one development, namely iBP@Nusajaya, a premier freehold business park located in Nusajaya.
