CapitaLand Development places top bid of S$368.9million to redevelop Kallang Way Industrial GLS site into food factory

With strong track record and expertise in developing food and industrial properties, CLD’s site plans will benefit related industries and communities

Singapore, October 4, 2024 -- Tan Yew Chin, Chief Executive Officer, CLD (Singapore) said, “CapitaLand has a strong development track record that includes food and industrial properties in Singapore. The Group has developed more than 530,000 sq m of industrial spaces for sale. Our extensive relevant experience allows us to understand customers and develop a product meeting the evolving needs of the industry, including the pursuit for operational efficiency. We are excited by the opportunity to create a benchmark for excellence in the food manufacturing sector, contributing to Singapore's vision to become a global food innovation leader."

Artist's impression of the redeveloped Industrial Business 2 (B2) (Food) site at Kallang Way

CapitaLand Development (CLD) places top bid of S$368.9million for an Industrial Business 2 (B2) (Food) site located at Kallang Way. The approximately 44,107 square metres (sq m) land parcel is strategically located in the well-established Kolam Ayer industrial estate, close to Payer Lebar, Macpherson, and Geylang. 

The centrally located site is well connected via expressways such as Pan Island Expressway (PIE) and major MRT stations that include Aljunied, Geylang Bahru, Macpherson and Mattar. The strong connectivity and accessibility to and from other parts of Singapore will benefit end-users in their business operations. This includes logistics and deliveries across all parts of the island, as well as worker and visitor access.

The envisioned nine-storey food facility will be designed to provide operational efficiency, with 40-footer container ramp-up access and unit configurations with flexibility for expansion. This facility will serve a spectrum of food-related end-users including manufacturers, caterers, storage and central kitchen operators, which require proximity to their customers. It will also comprise more than 1,000 sq m of retail space to enhance the business mix.

The proposed development will retain the distinctive design from Singapore’s industrial architectural legacy, through the adaptive reuse of the last remaining three-storey terrace-showroom factory cluster that was built in the 1980s.

Mr Tan Yew Chin, CEO of CapitaLand Development (Singapore)

CLD partnered like-minded capital partners in this land tender, including an affiliate of Fraxtor Group, with a shared vision in rejuvenating the area with this redevelopment. Fraxtor Group owns regulated real estate investment platforms in Singapore and Australia with a proven track record in projects across Singapore, Australia, Japan, United Kingdom, Canada and Thailand.

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