Big Box building in Jurong East put up for sale by managers
By Timothy Tay
/ EdgeProp |
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The Big Box industrial building in Jurong East has been put up for sale by its receivers and managers. The development was last put up for sale in May last year.
The eight-storey facility is approved for Business 1 usage and will be offered with mostly vacant possession. The site area is 606,639 sq ft. The building has ramp-up warehouse specifications with ceiling heights of five to 18 metres, and a total gross floor area of 1.405 million sq ft.
Big Box is connected to nearby buildings such as JEM, and its underground pedestrian walkways provide direct access to the Jurong East MRT Station. There are 1,726 carpark lots and ancillary container and lorry parking lots on the site.
The facility was completed in 2014. The site has a remaining land tenure of 18 years.
The building is suitable for corporates with e-commerce and technology platforms, large-scale logistics operators, and third-party service providers. It is near Jurong Port and the Jurong Lake District.
JLL has been appointed to conduct an expression of interest (EOI) exercise for the facility. The EOI will be launched on Tuesday (April 9), and bids are due on May 23.
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