Staff Reporter
,
Singapore
Logo from EC World REIT
The new lease will commence on 1 January 2024.
China Tobacco has renewed its lease with EC World REIT to occupy part of Hengde Logistics.
In a bourse filing, the REIT said China Tobacco selected the 74,057 square metre Hengde Phase 2 as its warehouse to store raw materials.
The new lease will commence on 1 January 2024 and expire on 31 December 2025.
“The new rental rate is on par with the rental rate under China Tobacco’s existing lease at Hengde Phase 2, expiring on 31 December 2023,” the REIT added.
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