Lian Beng subsidiary acquires Food Empire Building for $49.25m

Cushman & Wakefield brokered the private treaty sale.

Food Empire Building at 31 Harrison Road was sold to a wholly-owned subsidiary of Lian Beng Group for $49.25m.

The private treaty sale of the property was brokered by Cushman & Wakefield.

"Freehold industrial assets continue to be highly sought after, given their very limited supply. We are pleased to have brokered this sale and expect more exciting developments in the industrial sector in H2 2022," Shaun Poh, executive director of Capital Markets at Cushman & Wakefield, said.

READ MORE: Property investment volume drops 17.5% QoQ in Q1

Food Empire building is an 11-storey freehold multi-user light industrial building which is fully tenanted. It has a gross floor area of 4,809.24 square meters.

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!