SINGAPORE: Mapletree Industrial Fund Ltd (MIF) is acquiring four properties at the Tampoi Industrial Estate from two related Malaysian investment and construction companies, Tangkai Jaya Sdn Bhd and Setegap Jaya Sdn Bhd, for RM61.5 million on a sale and leaseback arrangement. It said the properties consisted of four double-storey purpose-built detached factory buildings with a total gross floor area (GFA) of about 406,250 sq feet. Each of the four properties is subleased to individual tenants, Enplas Precision (M) Sdn Bhd, MCE Technologies Sdn Bhd and Celestica Electronics (M) Sdn Bhd, with Celestica Electronics occupying two buildings.
(24-1-2008 The Edge)
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