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Mapletree Industrial Trust to redevelop flatted-factory cluster at Kallang Way
The S$263 million project, MIT's largest to date, will transform the site into a high-tech industrial precinct
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Fiona Lam
Published Wed, Jul 10, 2019 · 09:50 PM
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Singapore
MAPLETREE Industrial Trust (MIT) plans to redevelop a flatted-factory cluster at Kallang Way into a high-tech industrial precinct at a total project cost of about S$263 million, in its largest redevelopment project to date.
The proposed redevelopment of the Kolam Ayer 2 Cluster includes a build-to-suit (BTS) facility for a medical device company headquartered in Germany, customised to the firm's specifications and plans, the manager of the mainboard-listed real estate industrial trust (Reit) said on Wednesday.
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