CK Holdings selling Tampines HQ building at guided price of S$32m
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Tay Peck Gek
CK Holdings is putting up its light industrial building in Tampines for sale by expression of interest at a guided selling price of S$32 million, said a statement.
Sitting on a site of 51,724 square feet, the 6-storey building has a gross floor area of 128,518 square feet, and 32 years left on its lease. It said in the statement that the buyer will have naming rights to the building as well. Among its features, the building has 2 loading and unloading areas and separate entrance and exit gates, making for smooth traffic flow in the grounds.
CK Holdings, which operates a department store chain, rebuilt the building after a fire broke out there in 2016.
The expression-of-interest exercise starts on Wednesday (Jul 13) and closes on Sep 8, said the agent, PropNex, in the statement.
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