THE receivers and managers for the owner of Big Box have put the warehouse retail mall put up for sale.
The landmark eight-storey building in Jurong East Regional Centre is owned by Big Box Pte Ltd (BBPL), a 51-per cent subsidiary of struggling mainboard-listed consumer electronics retailer TT International.
Cushman & Wakefield, exclusive marketing agent for the sale, noted that the warehouse retail scheme (WRS) under which Big Box operated has expired.
Said Shaun Poh, its executive director of capital markets: “With a gross floor area (GFA) of over 1.4 million square feet, Big Box is probably the largest ramp-up warehouse asset to be offered for sale in recent years.
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