SINGAPORE (July 6): Natural Cool Holdings is set to purchase the remaining leasehold interest in a 6-storey light industrial building at 87 Defu Lane 10 from ESR-REIT for $17.5 million.

Natural Cool’s indirect wholly-owned subsidiary NC Precision on Thursday exercised an option to purchase granted by RBC Investor Services Trust Singapore in its capacity as trustee of ESR-REIT, which was formerly known as Cambridge Industrial Trust.

The property has a gross floor area of approximately 109,920 sq ft, with a remaining land tenure of approximately 33 years.

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