Airbus puts Seletar Aerospace Park facility up for sale at S$20 million upon Kelley Aerospace’s exit
CBRE, which is marketing the property, says it is suitable for an aviation business and can be used to maintain, repair and operate aircraft
AIRBUS has put an industrial building in Seletar Aerospace Park on the market this month for S$20 million. This comes after tenant Kelley Aerospace vacated the building following a legal dispute over unpaid rent.
Located at 110 Seletar Aerospace View, the three-storey property sits on a 189,338-square-foot (sq ft) plot of land and has direct runway access. It also houses a hangar, simulator halls, ancillary office and 75 car park lots.
The plot has a tenure of 30 years that began on Dec 1, 2009, with a further term of 10 years granted. The purchaser has the option to renew the lease for 20 years when the lease expires on Nov 30, 2049.
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