05 Apr 2021

Acquisition of Admirax

Partners Norman Ho, Tan Chon Beng and Cindy Quek from Rajah & Tann Singapore LLP acted in the S$142 million acquisition of the entire issued and paid-up share capital in a special purpose vehicle which holds a high specification light industrial building along Admiralty Street, Singapore. The industrial building, known as Admirax, is situated on a site with 60-year leasehold tenure. Admirax is zoned Business 1 under the 2019 Master Plan and has a net lettable area of approximately 469,000 square feet.