31 May '17, 2pm

PGIM Real Estate acquires food storage and distribution centre in Jurong, Singapore

– PGIM Real Estate has recently completed the acquisition of a food storage and distribution centre at 1 Buroh Lane in Singapore, on behalf of a pan-Asia value-add fund it manages for institutional investors. PGIM Real Estate is the real estate investment business of PGIM , the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). 1 Buroh Lane is a multi-temperature controlled food storage and distribution center comprising approximately 60,000 square meters across five levels of high-specification warehouse space. The centre includes freezer and refrigerated facilities and three levels of mezzanine office areas. Completed in January 2016, the property has secured a significant long-term anchor tenancy from one of the largest supermarket chains in Singapore. The property is situated within the Jalan Buroh food zone, a premiere food area due to ...

Full article: http://news.prudential.com/article_display.cfm?article_id...

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