LHN, JV Partner Complete Acquisition of 202 Kallang Bahru Property

ID: 1555714
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(businesspress24) - SINGAPORE, Feb 5, 2020 - Real estate management services group LHN Limited ("LHN", and together with its subsidiaries and associated companies, the "Group"; SGX stock code: 41O; SEHK stock code: 1730), have announced on 4 February 2020 that its wholly owned subsidiary WPS KB Pte Ltd together with its JV partner W&S Flexi Pte Ltd ("WSF"), have completed their acquisition of a JV Property, being an industrial property located at 202 Kallang Bahru Singapore 339339, for a consideration of S$17 million plus GST.

The JV Property is an 8-story light industrial factory with a single-storey annex warehouse with mezzanine level and shall be used as self storage with automated retrieval uuups logistics activities and ancillary office; under their Work Plus Store concept. As of to-date, the Group manages 9 locations across Singapore under the Work Plus Store concept.



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published by: acnnewswire
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Date: 02/05/2020 - 08:26
Language: English
News-ID 1555714
Character count: 888
Kontakt-Informationen:
Firma: LHN Limited
Stadt: SINGAPORE

Meldungsart: Kooperation
Versandart: Veröffentlichung

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