Cache Logistics Trust divests Kim Heng warehouse for $9.7m

It has a remaining tenure of 27 years.

Cache Logistics Trust has divested Kim Heng warehouse for a consideration price of $9.7m.

It was acquired in 2011 for S$8.9 million and was valued at approximately $9 million as at 31 December 2014. The consideration sum represents a 9% premium over the original acquisition price.

Kim Heng Warehouse is a single-storey warehouse located within the Jurong industrial Estate with an approximate land area of 87,000 square feet and a gross floor area of 54,000 sf. 

The remaining land lease tenure is approximately 27 years.  

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