Homegrown Kim Soon Lee buys Tuas warehouse from ISK
S$30 million acquisition will help group speed up expansion of its warehousing business
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Kalpana Rashiwala
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Singapore
HOMEGROWN transportation and logistics group Kim Soon Lee is buying the former storage facility of Japanese chemicals group Ishihara Sangyo Kaisha (ISK) in Tuas for S$30 million, to speed up the expansion of its warehouse business.
Located at 37 Tuas West Avenue, the property has a land area of 325,211 square feet and a total gross floor area of 286,000 sq ft. Under the Urban Redevelopment Authority's Master Plan 2014, the site is zoned for Business 2 use and has a 1.4 plot ratio (ratio of maximum gross floor area to land area).
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