<article>Five shophouses in a row on Upper Bukit Timah Road are on sale, while Viva Industrial Trust is in talks to purchase a logistics warehouse.</article>

Five shophouses in a row on Upper Bukit Timah Road are on sale, while Viva Industrial Trust is in talks to purchase a logistics warehouse.
<h3 style="text-align: justify;">Five shophouses on sale</h3>
Five adjoining shophouses along Upper Bukit Timah Road are up for sale via a public tender exercise, with a guide price of S$20 million, translating to a a price of $1,176 psf on existing floor area. CBRE is the sole appointed marketing agent.
 The Edge Property <a style="color: #000080;" href="http://www.theedgeproperty.com.sg/content/5-adjoining-shophouses-put-sale-20m" target="_blank">reports</a> that the properties are located on a freehold site with a combined land area of about 10,259 sq ft.
CBRE says the property offers potential buyers three development options. The first options sees them potential being redeveloped into a new six-storey residential development with a total gross floor area of 27,848 sq ft.
The second option is to retain the ground floor shop units and increase the GFA of the upper floor residential units to a maximum of about 24,566 sq ft. Last, the buyer can redevelop the shophouses into a six-storey serviced apartment block subject to approvals.
<h3 style="text-align: justify;">Viva Industrial Trust to purchase warehouse</h3>
<a style="color: #000080;" href="http://dealstreetasia.com/tag/viva-industrial-trust" target="_blank">Viva Industrial Trust (VIT)</a> has entered into an agreement with <a style="color: #000080;" href="http://www.sharikatgroup.com.sg" target="_blank">Sharikat National</a> to acquire 6 Chin Bee Avenue, a newly completed five-storey ramp-up logistics warehouse for S$87.3 million.
It comprises cold room facilities, ambient temperature food storage, and a mezzanine level on each warehouse floor for storage, kitchen, ancillary showrooms and offices.
The acquisition is to be funded through a mix of debt and equity. This will be S$30.3 million from debt, and S$66.5 million from equity, as well as the issue of $23 million of stapled securities to Sharikat National.
The move is in line with Viva Industrial Trust&#8217;s intention to tap Singapore&#8217;s food retail sector. With food spending set to grow to S$9 billion by 2020, this will see an increased demand for food storage and franchising facilities .
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Five shophouses at Upper Bukit Timah are on sale, while Viva Industrial is purchasing a logistics warehouse. 

SG Realty: Shophouses for sale at $14.3m; Viva to buy warehouse

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SG Realty: Shophouses for sale at $14.3m; Viva to buy warehouse

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