Carriernet Global said it has exercised four conditional options to purchase four units at industrial development UB.One, located at 81 Ubi Avenue 4, for a total of $2.9 million.
The units are leasehold properties with 60-year tenures starting from Dec 2008. Located on the third storey, all four units will have a total gross floor area of about 5,200 sq ft.
One of the units is currently leased to a tenant and the lease will expire on Aug 2014. The remaining units are available with vacant possession.
The properties will be used to house the company’s operations in Singapore,and the purchase will be substantially funded through bank loans.
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