3 industrial sites - 1 in Food Zone - for sale

[SINGAPORE] Three industrial developments were put up for sale yesterday, including one in the JTC Food Zone which houses a corporate office, a research laboratory, a factory floor and cold rooms.

The four-storey property in Pandan Loop, which has an asking price of $17 million, has a gross floor area (GFA) of 90,762.6 sq ft and sits on a 100,070.90 sq ft site.

It has been zoned for Business 2 use with a plot ratio of 2.5, and has a tenure of 18 years left. Formerly occupied by a global flavours producer which has moved into a new and larger facility, the site is being marketed by Jones Lang LaSalle (JLL), which is holding an expression-of-interest exercise ending on April 16.