The property is a general industrial building within the Tuas Industrial Estate and is zoned for “Business 2” under the master plan in 2019. The property has a nettable area of 9,993 sqm (107,563.8 sq ft).
ESR-LOGOS REIT (E-LOG) has entered into a contract of sale to divest 81 Tuas Bay Drive for $35 million.
The consideration represents a premium of 16.7% above the property’s valuation of $30 million as at Aug 16.
