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Bonyan Development and Trade has entered into a new long-term lease agreement covering 4,297 square metres at Building 106B with Kortech. The lease is set to begin in May 2026, offering clarity on future occupancy and income visibility. The transaction supports Bonyan's ongoing focus on securing stable, long-duration leases across its commercial portfolio. It also highlights continued interest from corporate tenants in committing to long-term commercial spaces, reinforcing the company's approach to maintaining consistent occupancy and predictable rental flows.
Bonyan Development and Trade has secured a new long-term lease agreement for a total area of 4,297 square metres at Building 106B, strengthening its leasing portfolio. The space has been leased to Kortech, marking another tenant addition at the property. Advertisement
The lease is scheduled to commence in May 2026, providing both parties a defined timeline for occupation and operational planning. Building 106B is part of Bonyan's broader real estate assets, which include commercial properties aimed at long-term occupancy and stable rental income.
This development aligns with Bonyan's earlier leasing strategy focused on securing long-duration agreements with corporate tenants. In the past, the company has highlighted long-term leases as a key factor in ensuring predictable cash flows and maintaining occupancy levels across its portfolio.
The agreement reflects continued demand for well-located commercial spaces, particularly from companies seeking stability through longer lease tenures. For Bonyan, the transaction adds visibility to future rental revenues once the lease becomes effective.
Source Reuters
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