ALog Trust trustee, property manager receive writ of summons for S$8m claim

THE trustee and the property manager of Ara Logos Logistics Trust (ALog Trust) K2LU have received a writ of summons for a claim amounting to about S$8 million, plus interest and costs.

This was over an incident resulting in damages to certain parts of ALOG Cold Centre, in the premises previously tenanted by TheSeafoodCompany, said the real estate investment trust's (Reit) manager in a bourse filing.

The manager is in discussions with its insurers regarding the claim. It said that legal counsel has also been engaged to advise on the matter.

ALOG Cold Centre, located at 2 Fishery Port Road, is a 2-storey ramp-up cold storage warehouse. It is in a food zone within Jurong Industrial Estate and near the sea ports.

Units of ALog Trust closed 0.6 per cent or S$0.005 lower at S$0.845 on Friday.