Homegrown Kim Soon Lee buys Tuas warehouse from ISK
S$30 million acquisition will help group speed up expansion of its warehousing business
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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