Vibrant enters into sale and leaseback for Jurong Island property
This is the island's first sale-and-leaseback transaction and its first securitised asset: CBRE
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Janice Heng
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Singapore
VIBRANT Group's 51 per cent owned subsidiary, LTH Logistics (Singapore), has entered a conditional put-and-call option agreement with SGRE Banyan for the proposed sale and leaseback of a Jurong Island property and related mechanical and electrical equipment, with a sale consideration of S$227.5 million, the group announced on Tuesday night.
CBRE, which brokered the deal, said this would mark Jurong Island's first sale-and-leaseback transaction and first securitised asset.
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