LOGOS SE Asia and Yang Kee Logistics will jointly develop a five-level ramp-up warehouse in the Tuas South area for an expected total of S$150 million, comprising acquisition and estimated development costs.
The development will have total gross floor area of up to 66,000 square metres, and will include office space, a cafeteria and a container yard.
The joint venture partners plan to begin development immediately following acquisition. Construction is expected to run for 18 months, with practical completion targeted by the end of the first quarter of 2018.
Yang Kee will enter into a long-term lease over the total project.