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Viva trust to buy Jurong West logistics property for S$87m

Published Wed, Oct 26, 2016 · 09:50 PM
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Singapore

VIVA Industrial Trust on Wednesday said that it has entered into an option agreement with turnkey business Sharikat National to buy a logistics property at 6 Chin Bee Avenue in Jurong West for S$87.3 million.

This will come together with the mechanical and electrical equipment and the lease of the property to Sharikat Logistics. The option may be exercised only after the required approvals from JTC have been obtained.

The property is a newly completed ramp-up logistics development with five levels of high-specification warehouse facilities, including two levels of integrated cold room facilities, one level of ambient temperature food storage facility, as well as a mezzanine level on each warehouse fl…

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