Venture buys freehold industrial site in California for $39.63m

The property will be used for Venture's collaborations with business partners.

Venture Corporation Limited (Venture) entered a sale and purchase agreement for a industrial freehold property in 1621 Barber Lane, California for $39.63m (US$29.37m).

According to an announcement, the property comprises a freehold estate with a land area of approximately 9.64 acres and an industrial building built-up of approximately 182,405 sqft.

Venture plans to renovate and refurbish the site to meet its intended purposes for the property.

The property will be used to forge new alliances, partnerships and ventures that will enable the group to participate in advanced new technologies and businesses.

Venture said it will also use the property to foster innovation and collaborate with its upstream and downstream business partners.

The proposed acquisition will be entirely funded by internal resources.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia