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PGIM unit buys Jurong building for S$194m

It will have to pay JTC about S$11m in land premium for the rest of the site's lease


US-based PGIM Real Estate, which owns a string of shopping malls in Singapore, is acquiring a cold store logistics facility in Jurong for S$193.8 million.

Located at 1 Buroh Lane, the property is within a government-approved food zone, where food manufacturing and related...

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