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Oxley-SLB JV acquires Pei-Fu Industrial Building for $76.3 mil

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Oxley-SLB JV acquires Pei-Fu Industrial Building for $76.3 mil

Samantha Chiew Published on Tue, Apr 24, 2018 / 1:13 PM GMT+8

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SINGAPORE (Apr 24): Oxley announced that its associated company, Oxley Kyanite, has today exercised the option to purchase issued on Apr 3 to acquire the Pei-Fu Industrial Building for $76.25 million.

Oxley Kyanite is also 51% indirectly-owned by SLB Development, a property developer which was spun off from Lian Beng Group.

The freehold industrial property is located at 24 New Industrial Road in Singapore, and has a land area of about 5,792.1 sqm.

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