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SLB Development: Acquisition Of Pei-Fu Industrial Building For S$76.25 Million.

24 Apr 2018 13:15

SLB Development Ltd's 51% indirectly owned subsidiary, Oxley Kyanite Pte. Ltd., has on 24 April 2018 exercised an option to purchase all the units in the development known as "Pei-Fu Industrial Building" at 24 New Industrial Road, Singapore 536210 from the respective owners of the said units. The total purchase price of the Property is S$76.25 million. The Property is a freehold industrial property with a land area of approximately 5,792.1 square metres. The Group intends to redevelop the Property, subject to obtaining all the necessary approvals from the relevant authorities...

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Source: ShareInvestor Express