Its manager, Sabana Real Estate Investment Management Pte Ltd, said
on Wednesday that its trustee, HSBC Institutional Trust Services
(Singapore) Limited, has entered into a sale and purchase agreement with
Ban Teck Han Enterprise Co Pte Ltd for the purpose-built five storey
light industrial building with a mezzanine level. (source)
It is located on the northern side of Serangoon North Avenue 5, within Serangoon North Industrial Estate, and approximately 12.0 kilometres from the city centre, which according to the manager, is an "attractive strategic location".
Completed in 2008 with a gross floor area of approximately 159,384 square feet, the property is a JTC leasehold estate of 30 + 20 years 15 days tenure commencing from September 16, 2006.
Source: http://www.businesstimes.com.sg/breaking-news/singapore/sabana-reit-buy-serangoon-north-property-61m - Aug 8, 2012
It is located on the northern side of Serangoon North Avenue 5, within Serangoon North Industrial Estate, and approximately 12.0 kilometres from the city centre, which according to the manager, is an "attractive strategic location".
Completed in 2008 with a gross floor area of approximately 159,384 square feet, the property is a JTC leasehold estate of 30 + 20 years 15 days tenure commencing from September 16, 2006.
Source: http://www.businesstimes.com.sg/breaking-news/singapore/sabana-reit-buy-serangoon-north-property-61m - Aug 8, 2012
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