Monday, 11 Apr 2022 08:19 PM MYT
The real estate investment trust said upon the completion of the proposed acquisition, which is expected to be by mid-2022, the property will be leased back to EPSB for a fixed term of 10 years. The property is strategically located within the PTP Free Trade Zone and in close proximity to the Tuas checkpoint in Singapore, and is also a green building as certified by Green Building Index , which is in line with Axis-REIT’s environmental, social and governance goals and strategies.
The property, which was only built approximately three years ago, is well suited for warehousing purposes as it comes with 83 loading bays equipped with hydraulic dock levellers and an early suppression fast response sprinklers system.