The five storey ramp up logistics facility has a gross floor area (GFA) of 59,971 sqm, with a remaining land tenure of 21 years. At present, the facility is 100% occupied by five tenants.
Analysts are positive on Ascendas REIT (AREIT) after the REIT announced the proposed acquisition of a cold storage facility at 1 Buroh Drive within the Jalan Buroh Food Zone for $191.9 million on Sept 14. This is the REIT’s maiden foray into cold storage facility investment in Singapore, and aligned with its strategy to grow its footprint in the logistics segment.
