According to PGIM, it will be redeveloped into a five-storey, fully ramp-up, sustainability-aligned prime logistics facility with approximately 1.1 million sq ft of gross floor area. PGIM and Northstar aim to achieve Green Mark Platinum certification.
PGIM’s real estate business and Asia Pacific real estate investment firm Northstar Capital Logiprop have acquired an industrial property at 51 Tuas View Link for $121.1 million from Urban Park, a unit of Far East Organization.
Situated within Singapore’s core industrial heartland in Tuas, 51 Tuas View Link is a private leasehold, non-JTC industrial site spanning approximately 456,810 sq ft and is zoned Business 2 (B2). The site currently comprises two blocks of single-storey warehouses.
