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News Release

Singapore

Long lease industrial site in Loyang up for sale

Sale by Expression of Interest closing on Thursday 27 November 2014, 3pm


​​SINGAPORE, 16 October 2014 – JLL is the exclusive marketing agent for the sale of 1 Loyang Street, an industrial site with long remaining lease in the Loyang area.

The asset consists of a 2-storey building with production and warehousing areas. It has a gross floor area (GFA) of approximately 29,288 sq ft, sitting on a site of approximately 41,057 sq ft with a remaining tenure of about 38 years. The property sits in the Business 2 zone and has a plot ratio of 2.5.

This site is accessible via Tampines Expressway (TPE) and Pan-Island Expressway (PIE) and public transport. It is also well supported by eateries with easy transportation to and from Tampines and Pasir Ris MRT stations. Other industrial buildings in the vicinity include Changi International Logistics Centre, KHL Printing and Hitachi Chemical Singapore.

Mr Nicholas Ng, Local Director of Investments at JLL, commented: "With new leases of this size being offered in the market at shorter tenures, the long lease of this site will garner strong interest from end users who are looking for a place for their operation and future expansion as there is still an untapped gross floor area of 73,355 sq ft."

"The factory comes with high ceiling and automated storage and retrieval system (ASRS). Located in close proximity to Changi Airport, this site would be a good fit for logistics companies which wish to establish a base in Loyang or any other businesses that require a Business 2 zoning to operate in."

The property will be sold by Expression of Interest which will close at 3pm on Thursday 27 November 2014.

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Notes to Editors:

  1. An image of 1 Loyang Street is available for download here.