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Kingsmen Creative Acquires Changi Leasehold Land For Headquarter Expansion
Kingsmen Creatives has accepted an offer from JTC Corporation to acquire approximately 5,251 square metres of vacant leasehold land at Changi Business Park for approximately $7.1 million.
The group intends to construct a multi-storey building which will serve as their new headquarters. Owing to anticipated future expansion of operations, the group will require additional space to accommodate the expansion. Acquisition of the land will enable better planning and manage the expansion of operations and remove rental pressure.
A first payment of the Consideration of approximately $707,000 is to be paid within 14 days from the date of the Letter of Offer and the balance of the said consideration of approximately $6,361,000 by 1 December 2015.
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