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
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Nisha Ramchandani
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.
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