Project Kalzip (Built-to-suit Facility)
Joint Venture Property Development
The project involved a joint venture between Oxley and ACP Construction Pte Ltd, a Singapore based industrial property developer, in a build and lease development of a logistics center for Kalzip Asia Private Limited, a multinational company which is part of Tata Steel, India. The facility was located at Pioneer Crescent, within Singapore's industrial hub.
Features of the property included:
- A 4-storey mixed use building with office, warehousing and production area totalling over 70,000 sq ft
- A long term triple net lease with CPI adjusted rental and three years of security deposit
The Project was eventually sold to Cambridge Investment Trust (now ESR REIT) in 2011.