Wednesday, February 5th, 2020 - ACN Newswire Pte Ltd


LHN together with its JV partner WSF have completed their acquisition of 202 Kallang Bahru Property on 4 February 2020

SINGAPORE, Feb 5, 2020 - Real estate management services group LHN Limited ("LHN", and together with its subsidiaries and associated companies, the "Group"; SGX stock code: 41O; SEHK stock code: 1730), have announced on 4 February 2020 that its wholly owned subsidiary WPS KB Pte Ltd together with its JV partner W&S Flexi Pte Ltd ("WSF"), have completed their acquisition of a JV Property, being an industrial property located at 202 Kallang Bahru Singapore 339339, for a consideration of S$17 million plus GST.


The JV Property is an 8-story light industrial factory with a single-storey annex warehouse with mezzanine level and shall be used as self storage with automated retrieval cum logistics activities and ancillary office; under their Work Plus Store concept. As of to-date, the Group manages 9 locations across Singapore under the Work Plus Store concept.

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