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.