In total, three warehouses with a combined 2.2 million sq ft of GFA are currently being constructed for Phase 1 of 103°, which is the first Free Commercial Zone within the Johor-Singapore Special Economic Zone (JS-SEZ). 103° is co-owned by Equalbase in partnership with Sunway Group.
Singapore-headquartered real asset developer Equalbase has signed a tenancy agreement with logistics and supply chain solutions firm Schenker for Phase 1 development at 103° in Sunway City Iskandar Puteri, Johor.
According to a March 17 press release, Schenker will occupy an entire warehouse measuring 830,000 sq ft of gross floor area (GFA). Schenker is a division of German rail operator Deutsche Bahn that focuses on logistics.
