Staff Reporter
,
Singapore
The deal will be closed by the second quarter.
Cambridge Industrial Trust today revealed that it is going to acquire 160A Gul Circle in Jurong Industrial Estate for a total consideration of $16.2m.
The property comprises an existing single-storey factory and a newly completed four-storey factory with a gross floor area of approximately 86,075 square feet.
The property has remaining land tenure of approximately 26 years. Upon completion of the acquisition, the property will be leased to its vendor Unicable Pte Ltd for five years.
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