With a net lettable area of 171,293 sq ft, 72 Loyang Way comprises two blocks of three- and four-storey ancillary offices; two high ceiling single-storey production facilities; a blasting and spray painting chamber; a worker dormitory; and a jetty with 142 metres of sea frontage.
SINGAPORE (Mar 21): Soilbuild Business Space REIT (Soilbuild REIT) has agreed to sell its industrial property at 72 Loyang Way, and all of its mechanical electrical equipment, to Kim Hock Enterprise for a total consideration of $34.08 million.
The REIT is expecting net proceeds of about $34.055 million after accounting for divestment-related expenses, resulting in an estimated net gain of $55,000.
