Freehold 8-Storey High-tech Industrial Building fully leased to a Data Centre operator is now available for Sale via Expression of Interest.
Cushman & Wakefield and Savills are jointly appointed as exclusive marketing agents for this asset. The Expression of Interest will run from 14 September 2023 to 23 October 2023, 3pm.
Interested parties are invited to write to us to request for the information memorandum with full details on this rare opportunity.
Key Investment Highlights:
- Long Data Centre lease with strong tenant covenant well suited for core investors
- Attractive freehold land banking opportunity for future redevelopment
- Tightly held asset class and rarely traded, despite the lifting of the 2-year moratorium on new Data Centre development
- Upside for Data Centre owner operators, once existing Shell & Core lease expire
- Prominent corner island site with high visibility
- Situated in Paya Lebar network dense location with connectivity to Regional Tier 1 ISPs
- Poised to benefit from the transformation and relocation of the Paya Lebar Air Base from 2030s onward
