238 views
Photo from ESR-LOGOS REIT's website

CEVA Logistics renews lease for Greenwich Drive property

The company extended its occupancy of 74.2% of the property.

CEVA Logistics Singapore Pre. Ltd. renewed its lease for a property at 15 Greenwich Drive within Tampines LogisPark at a positive rental reversion of 20% for a three-year term. With the renewal, the company remained one of ESR-LOGOS REIT's top 20 tenants by effective gross rent.

The company occupied 31,230 square metres or 74.2% of the 42,307-square-metre property.

The property has a 4-storey ramp-up warehouse building with air-conditioned ancillary offices on the mezzanine levels.

Adrian Chui, ESR-LOGOS REIT's CEO and Executive Director, said the 20% positive rental reversion from CEVA Logistic's lease renewal demonstrated the continued resilience and growth in Singapore's logistics sector.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.