Oneten Paya Lebar

Hwa Hong Corporation Limited sells Oneten Paya Lebar to BDx

The site has a gross floor area of approximately 155,503 sq ft over eight floors.

Hwa Hong Corporation Limited has sold OneTen Paya Lebar, a rare freehold city fringe data centre, Savills Singapore and Cushman & Wakefield announced.

The property is a hi-tech industrial building located at the city fringe with a total gross floor area of approximately 155,503 sq ft over eight floors and has undergone a significant asset enhancement exercise in 2021

“The transaction represents a natural culmination of our relationship with BDx and we are pleased to see the site continue to add value to its new owners.” Ong Eng Yaw, Group Managing Director of Hwa Hong Corporation Limited, said.

Meanwhile, Jeremy Lake, Managing Director, Investment Sales & Capital Markets, Savills Singapore adds that there will be a continuous accumulation of demand for data centres in Singapore. 

“Investors and operators alike compete to strengthen their position in the data infrastructure market.” Jeremy said.

The asset is set to benefit from the regeneration and transformation arising from the relocation of Paya Lebar Air Base in 2030.

 

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
Retail
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.