The property is held by E-LOG on a 30-year lease granted by Jurong Town Corporation (JTC) as the head lessor commencing from Sept 16, 2005. The lease will expire on Sept 15, 2035.
Sanli Environmental has proposed to acquire 22 Chin Bee Drive, one of the properties of ESR-LOGOS REIT (SGX:J91U
) (E-LOG) for $13.8 million.
The company’s wholly-owned subsidiary, entered into a sale and purchase agreement (SPA) with Perpetual (Asia), in its capacity as trustee of ESR-LOGOS REIT (E-LOG REIT) on June 19 in respect of the purchase.
