The manager of EC World REIT has renewed a second major lease of some 74,057 sqm in relation to Hengde Logistics with China Tobacco Zhejiang Industrial.

The second major lease (Phase 2 renewal) came after the successful renewal of 152,752 sqm of space in October 2020 (Phase 1 renewal).

During the Phase 2 renewal, China Tobacco committed to a lease term of 2.65 years to coincide with the expiry of the Phase 1 renewal.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook