The property is a general industrial building within the Tuas Industrial Estate and is zoned for “Business 2” under the master plan in 2019. The property has a nettable area of 9,993 sqm (107,563.8 sq ft).
Upon the completion of the divestment, E-LOG’s portfolio will consist of 70 properties (excluding 48 Pandan Road) located across Singapore, Japan and Australia, as well as investments in three property funds in Australia.
The divestment is expected to be completed in 4Q2024.
Units in E-LOG closed at 26 cents on Aug 29.
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