The requested news item does not exist. Please return to News
Sale by Expression of Interest closing on 21 November 2013, 3 pm.
SINGAPORE, 10 October 2013 – Jones Lang LaSalle has been appointed exclusive marketing agent for the sale of 158 Gul Circle, a large Business 2 zoned industrial site/ building located in an established industrial estate.The asset consists of a 2-storey building with office and production, three single-storey adjoining factories and a large open yard space. It has a gross floor area (GFA) of approximately 61,827 sq ft, sitting on a site of 120,062 sq ft with a remaining tenure of about 17.5 years. The property sits in the Business 2 zone and has a plot ratio of 1.4.
The asset is situated in an established industrial estate on Gul Circle, with a bus stop directly in front. It is also highly accessible via the Ayer Rajah Expressway and Pan Island Expressway. Accessibility will be enhanced by Gul Circle MRT Station, scheduled to be completed in 2016.
Mr Nicholas Ng, Local Director of Investments at Jones Lang LaSalle, comments: “Currently, there are no sites over 1ha in the vicinity of the subject property in the government confirmed list of industrial sites for sale for the second half of 2013. Properties with multiple single-storey factories and huge open yard are rarely available for sale and we believe that it will be well received by Business 2 end users.”
“The factory would be a good fit for companies that require the large open yard and facilities on site. The site is currently under built and has the potential to be refurbished and redeveloped to maximise its plot ratio by an additional 106,259 sq ft of GFA,” he added.
The property will be sold by Expression of Interest, which will close at 3pm on Thursday 21 November 2013.– ends –
About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 25,100 employees operating in 78 offices in 14 countries across the region. We were the first commercial property firm to establish an Australian presence in 1958 and currently employ over 1,600 employees throughout our 12 offices across the country. The firm was named ‘Best Property Consultancy’ in nine Asia Pacific countries at the International Property Awards Asia Pacific 2012, in association with HSBC, and was named the number one real estate advisory firm in Asia Pacific in the Euromoney Real Estate Awards 2012. www.ap.joneslanglasalle.com.
+65 6494 3665/ 9650 3761