CAMBRIDGE Industrial Trust (CIT) will be acquiring a property in the Bukit Merah industrial precinct from Shriro Property (Singapore) for $32 million.
Located at 11 Chang Charn Road, the property is a six-storey warehouse cum light industrial building with a gross floor area of about 9,062 square metres (sqm). The leasehold property has a remaining land tenure of about 43 years. Its current tenants include British shoe manufacturer Clarks, Swiss herb lozenges maker Ricola and business technology consulting firm Info Lab.