SINGAPORE (Jan 18): Venture Corporation’s wholly-owned subsidiary Venture Enterprise Innovation Inc. has entered into a sale and purchase agreement to acquire a freehold property in California for US$28.4 million ($38.8 million).

Located at 481 Cottonwood Drive, the property comprises an industrial building with a built-up floor area of around 182,405 sf and sits on a land area of approximately 9.64 acres.

VEI intends to renovate and refurbish the property, which will be used for activities in connection with a new platform enterprise to forge new alliances, partnerships and ventures.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook