JLL markets detached food factory located at 30 & 32 Tuas Avenue 12
The factory is equipped with new white line production equipment, warehousing, and ancillary office
SINGAPORE, April 19, 2024 – JLL (NYSE: JLL), as the exclusive marketing agent, announced today the sale of an approved detached food factory located at 30 & 32 Tuas Avenue 12.
Spanning a site area of 97,095 square feet (sq ft), the food factory currently has a gross floor area of approximately 74,751 sq ft. It is classified as "Business 2" with a plot ratio of 1.4 under URA's Masterplan 2019. With the current plot ratio being under-utilized, the food factory also offers significant potential for expansion, allowing for a possible increase in gross floor area up to 61,182 sq ft.
The property is currently approved for food manufacturing and is equipped with a pneumatic system for white line production, making it suitable for Food & Beverage (F&B) users in need of powder blending capabilities. Additionally, the dual ingress and egress to the site coupled with direct vehicle access to most production areas, including a rear warehouse block, makes it highly suitable for distribution and warehousing activities.
The food factory is situated on two adjacent land plots with JTC leasehold tenures of 30 years from 16 September 2021 and 21.7 years from 1 September 2020, respectively. This translates to a balance land tenure of approximately 27 years and 18 years, respectively.
Situated in Tuas industrial estate, the property is surrounded by key food and beverage manufacturers such as Asia Pacific Breweries, Wilmar Foods, and Aalst Chocolate. The food factory enjoys excellent connectivity to Ayer Rajah (AYE) Expressway and is a short drive to Tuas 2nd Link. With Tuas Mega Port coming online in various stages till 2040, it offers businesses unparalleled access to global trade networks and enhanced supply chain operations. It is also a convenient 13 minutes’ walk to Tuas West Road MRT Station and a 4 minutes’ drive to Tuas Link MRT Station.
“Food manufacturing is a key sector and demand has been rising for adequate food production facilities that can meet requirements. Central and cloud kitchens, innovation and R&D in F&B, catering to dynamic consumer preferences, as well as healthy and sustainable food offerings are some areas businesses in the sector are focusing on. With this property’s existing facilities and accessibility, it provides potential buyers an exceptional opportunity for business growth,” said Pamela Siow, Head of Logistics and Industrial, Capital Markets, JLL Singapore.
The food factory is available for sale via private treaty, with an indicative price of S$19.0 million.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.