124 views
Logo from EC World REIT

EC World REIT renews lease with China Tobacco for Hengde Phase 2

The new lease will commence on 1 January 2024.

China Tobacco has renewed its lease with EC World REIT to occupy part of Hengde Logistics.

In a bourse filing, the REIT said China Tobacco selected the 74,057 square metre Hengde Phase 2 as its warehouse to store raw materials.

The new lease will commence on 1 January 2024 and expire on 31 December 2025.

“The new rental rate is on par with the rental rate under China Tobacco’s existing lease at Hengde Phase 2, expiring on 31 December 2023,” the REIT added.

Follow the link 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!

Exclusives

Healthcare sector sees renewed interest from corporate buyers
The healthcare industry recorded a deal value of US$1.13b (SG$1.53b) between January and April.
ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.