Mainboard-listed Soilbuild Group has been appointed by Kolette, a subsidiary of CSC Holdings, to manage and market a S$51.7-million business space development project in Tuas.
The development will consist of 70 single, double and three-storey high terrace factory units, ranging from 3,000 to 6,000 square feet each.
Under the agreement with Kolette, Soilbuild will receive a portion of these units for managing the turnkey development which is scheduled for completion in the first half of 2011.
Soilbuild’s executive director Low Soon Sim said on Monday that the project will be designed to suit the needs of growing SMEs.
Besides development sales, the group plans to grow its recurrent rental income to support its business plans and reward shareholders with progressive dividends.
Source : Channel NewsAsia – 7 Dec 2009
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