Home THE DAILY EDGE Business CapitaLand-Hersing JV acquires property at Admiralty to be StorHub facility
CapitaLand-Hersing JV acquires property at Admiralty to be StorHub facility PDF

Tags: Capitaland | Hersing Corp | Hersing Corporation

Written by The Edge   
Friday, 28 October 2011 17:14
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StorHub, a joint venture between CapitaLand (62% stake) and Hersing Corporation (38% stake), has agreed to acquire an industrial property at 31 Admiralty Road for $16.5 million from AIMS AMP Capital Industrial REIT.

When operational in April 2012, this property will be StorHub’s seventh self-storage facility in Singapore.

This latest self-storage facility has a gross floor area of 137,187 square feet and is located in the vicinity of residential and light industrial estates of Marsiling and Woodlands, with a combined population of 245,100.

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Last Updated on Friday, 28 October 2011 17:15