Singapore
Colliers International was appointed by the owner to assist with the application for a plot of JTC land to build its corporate HQ.
INTRODUCTION
Colliers International was appointed by the owner to assist them to apply for a plot of JTC land to build their corporate HQ. As the owner’s intention was to focus on their core business, Colliers hence advised the client to divest the proposed facility via a sale & leaseback structure so as to realise the optimum value.
SERVICES
Colliers presented our cash flow analysis and the benefits to the client.
Colliers proposed to carry out an “Expression of Interest”. Through this exercise, we attracted several competitive bids that met the objectives of the owner. Bids were analysed against the financial feasibility and the highest bidder was short-listed to carry out further negotiation. We were successful in increasing the offer and made further improvements to the term and conditions.
RESULT
A win-win result was attained from the “Expression of Interest” exercise. Colliers achieved a benchmark record price for a high-tech industrial building in the business park. The Put & Call Option Agreement was signed in August 2007 with MI-REIT and the owner was very satisfied as the entire process was carried out in a professional manner.
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