LOGOS and CSC Holdings Ltd to Undertake a S$108 million Redevelopment at 2 Tanjong Penjuru Crescent, Singapore

Media
Tuesday 19th May 2020

LOGOS is pleased to announce that, in partnership with Singapore-listed CSC Holdings Limited (CSCHL), it will redevelop 2 Tanjong Penjuru Crescent into a modern six-storey ramp-up warehouse, for an estimated total development cost of S$108 million. The redevelopment forms part of LOGOS’ newest Singapore fund, the Singapore Logistics Venture 2, which recently closed with an investment capacity of S$1.2 billion for the acquisition and development of high quality, modern logistics properties in Singapore.

Located within the established Jurong Industrial Estate, 2 Tanjong Penjuru Crescent benefits from convenient access to Singapore’s CBD and Jurong Lake District and is well served by major expressways including the Ayer Rajah Expressway and West Coast Highway.

The existing four-storey industrial property will be redeveloped into a 46,000sqm modern six-storey ramp-up logistics facility with office space, a cafeteria and roof top parking. The new facility will include a built-to-suit high specification workshop for CSCHL, who has committed to a long-term pre-lease for the property on completion. The redevelopment will maximise land potential and will see a significant increase in built-up area upon completion.

Stephen Hawkins, Managing Director of LOGOS’ South East Asia business, said: “We continue to see strong interest from both investors and tenants in logistics real estate in Singapore; a sector which is underpinned by strong, enduring market fundamentals and continues to provide an essential service to the local community, especially in the current market conditions”.

LOGOS Singapore Logistics Venture 2 is the Group’s third venture in Singapore and includes investments from two existing capital partners.

“Located within one of Singapore’s key logistics hubs and offering close proximity to the seaports, 2 Tanjong Penjuru Crescent is a strategic addition to our portfolio as we look to expand and strengthen our specialist logistics real estate platform in the Singapore market. We look forward to working with CSCHL on redeveloping this property,” Mr Hawkins added.

LOGOS is working within the local governments COVID-19 lockdown requirements and construction of the new facility will commence post these requirements, subject to relevant planning and construction approvals. Practical completion is expected by end of Q4 2021.

Recent Media Releases
  • Media

  • 22 Wednesday 2024

LOGOS secures exciting acquisition in Erskine Park

LOGOS, part of the ESR Group, has today announced the acquisition of a 7.7ha site in Erskine Park; one of Australia’s premier Industrial & Logistics locations. Read More
  • Media

  • 24 Wednesday 2024

Ivanhoé Cambridge and LOGOS commit over INR 1,100 Cr. investment in Chakan Industrial Estate, Maharashtra becoming the largest FDI led integrated private industrial and logistics development in India

Ivanhoé Cambridge along with the leading Asia-Pacific logistics specialist LOGOS, are pleased to announce the acquisition of an additional 66 acres in Chakan, Pune taking the Chakan Industrial Estate’s total land size to 143 acres. Read More
  • Media

  • 6 Monday 2023

LOGOS announces Moorebank Intermodal Precinct development update, including new tenant leases across ~50,000sqm GLA and completion of $620m warehousing

Leading Asia-Pacific logistics specialist, LOGOS, has announced an update on its development of Moorebank Intermodal Precinct (“MIP”), Australia’s largest intermodal freight facility, two years after the LOGOS Consortium’s acquisition of the site. This update includes new tenants Maersk and Sydney Tools, the completion of warehouses to end value of $620 million due by end of year, and material installation of solar infrastructure.  Read More