APAC Logistics & Industrial Capability Statement

TRACK RECORD

REDMART

ANALOG DEVICES

SYNAPXE

Location

Location

Singapore

1 North Buona Vista Link, Elementum

Location

164 Kallang Way, Solaris @ Kallang

Service

Service

Tenant Representation

New Lease

Service

New Lease

Date

2024

Date

2023

Date

2022

Size

85,000 SF

Size

Approx. 214,300 SF

Size

Approx. 39,000 SF

The client had been looking for a site to set up their distribution centre in the Eastern part of Singapore. With challenging market conditions and a shortage in the market’s warehouse supply, as well as very specific requirements from the client, suitable options were limited. The team took time to thoroughly understand the client’s requirements and tapped on our extensive network in the market to find the most optimal space for them, providing timely and accurate advice for the client to act swiftly on decision making. The team also successfully negotiated with the landlord to avoid a double rent situation that aligned with the client’s relocation timeline and achieved favourable terms that met the client’s requirements.

This lease transaction has a total value of over USD$56.6M as our team helped MOH Holdings to consolidate and relocate their technology business to one single location.

This lease transaction has a total value of US$8.9M as our team helped ADI to consolidate and relocate their subsidiary business to one single location. As there were multiple ongoing leases, our team provided Stay Versus Go analysis. Cushman & Wakefield also helped to minimise the double rent situation by negotiating for a long rent-free fit-out period to add onto the cost savings. The team eventually secured favourable terms for a flight to quality high specifications building that meets the needs of ADI.

BRENDA ONG Head of Logistics & Industrial, Singapore

CONTACTS

Cushman & Wakefield

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