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Catalist-listed Figtree Holdings announced Wednesday (1 July) that it has secured a S$65 million contract to design and build a state-of-the-art logistics hub for Tokyo-listed Hankyu Hanshin’s property arm in Singapore.
Located at Jalan Buroh in Tuas, the facility will be an integrated distribution centre with a gross floor area of more than 500,000 square ft, consisting of nine levels of ramp-up warehousing space, value-added processing areas and ancillary offices.
The facility will be the eighth major logistics warehouse project Figtree has undertaken since its founding in 2009.
When completed, the facility will be Hankyu Hanshin Express’ largest warehouse facility in the region. Hankyu Hanshin Express, a unit of Hankyu Hanshin Holdings, is an international logistics corporate group providing global airfreight, marine freight and other logistics services with an established worldwide transport network.
The facility is scheduled for completion in the second quarter of 2017.
Image: Artist impression of the new facility. (Source: Figtree)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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