The consolidation, expected by the middle of next year, will free up about 83,000 sqft of industrial space at SPC, opening up more leasing opportunities, suggests Seet in his March 17 note.
Singapore Post's plan to consolidate its operations at its Tampines eComm logistics hub will free up space at headquarters SingPost Centre from which potential leasing revenue of some $9 million can be generated, says Maybank Securities Jarick Seet.
The company has announced a $30 million plan to boost its e-commerce logistics capacity now run out of Tampines. SingPost Centre meanwhile is for sorting mail - a dwindling business - and smaller parcels.
