US-headquartered real estate investment manager and developer, Hines, has announced its acquisition of a logistics asset in Singapore, through a joint venture JV with Mitsubishi Estate and MBK Real Estate Asia MREA.
The property is located at 15 Senoko Loop in northern Singapore near the Johor-Singapore Causeway on the border with Malaysia.
A July 2 press release stated that the property pictured sits on a 24,464-square-metre site with a four-storey facility that has around 41,482 square metres of total gross floor area.
Kim Fong Lim, country head of Singapore at Hines, told FinanceAsia “Singapore’s industrial sector does present favourable dynamics....
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