Boustead Projects, partners to redevelop industrial property at 36 Tuas Road

The parties will redevelop the property into a multi-tenanted logistics hub.

Mainboard-listed Boustead Projects, Hankyu Hanshin Properties subsidiary MBK Real Estate Asia, and Mitsui & Co. will jointly invest in Boustead Real Estate Fund to redevelop the industrial property at 36 Tuas Road.

The parties will redevelop the property into a five-storey multi-tenanted logistics hub. Once redeveloped, the property is expected to be one of the first developments to attain Green Mark Platinum (Super Low Energy) certification for the logistics and manufacturing sectors under the refreshed BCA Green Mark: 2021.

Upon redevelopment, the property will sit on  29,900 square metres of land area and spanning 59,800 square metres in gross floor area.

Construction will likely be completed by the first half of 2025.