Real estate management group LHN is acquiring a property located at 55 Tuas South Avenue 1 for $21 million.

The property, consisting of an 11-storey industrial building, two part single-storey industrial factories, and a two-storey workers' dormitory, has a total gross floor area of 129,138 square feet. It sits on a piece of Urban Redevelopment Authority (URA) land measuring 51,655 square feet with a remaining lease of some 39 years.

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