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EC World REIT renews second major lease in relation to Hengde Logistics

Felicia Tan
Felicia Tan5/7/2021 07:21 PM GMT+08  • 2 min read
EC World REIT renews second major lease in relation to Hengde Logistics
The second major lease came after the successful renewal of 152,752 sqm of space in October 2020.
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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.

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