The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

PGIM unit buys Jurong building for S$194m

It will have to pay JTC about S$11m in land premium for the rest of the site's lease

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Apr 26, 2017 · 09:50 PM
Share this article.

Singapore

US-based PGIM Real Estate, which owns a string of shopping malls in Singapore, is acquiring a cold store logistics facility in Jurong for S$193.8 million.

Located at 1 Buroh Lane, the property is within a government-approved food zone, where food manufacturing and related businesses are permitted.

The site has a 2.5 plot ratio, which is the ratio of maximum gross floor area (GFA) to land area.

Built about 18 months ago, 1 Buroh Lane has GFA of 645,538 square feet, the maximum…

KEYWORDS IN THIS ARTICLE

PGIM

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here