SUBSCRIBERS

Vibrant Group in talks over sale and leaseback of its Jurong Island property

Company seeks to continue using the 'high-quality' property while unlocking value

Nisha Ramchandani

Published Fri, Sep 21, 2018 · 09:50 PM

Singapore

VIBRANT Group's subsidiary, LTH Logistics (Singapore), is in exclusive discussions with an international real estate fund about the possible sale-and-leaseback of its chemical logistics and warehousing facility for over S$220 million.

Located at 121 Banyan Drive, the property comprises two plots of land: one with a six-storey ramp-up warehouse facility and ancillary offices, and the other, with two blocks of single-storey warehouse facility and an open yard.

BT is now on Telegram!

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