Industrial / Warehousing
Soaring construction costs and the complexity of the project have resulted in the ministry's decision.
The acquisitions comprise two multi-tenant light industrial assets and five single-tenant warehouses.
Belonged to the Italian-Jewish Allatini family and designed by the Italian architect, Vitaliano Pozelli
The Wuhan warehouse spans 70,000 sqm and serves e-commerce, third-party logistics and cold-chain sectors.
The prime property is targeting an ‘Excellent’ rating under BREEAM’s sustainable building certification scheme.