72 Loyang Way is an integrated facility comprising offices, single-storey production facilities, blasting chamber, dormitory and a jetty with 142 metres of sea frontage. It is one of the asset under Soilbuild REIT’s portfolio.
Last year, due to the headwinds in the marine and offshore, oil and gas industry, Technics Offshore Engineering Pte Ltd defaulted on its rent at 72 Loyang Way. Being a shareholder of Soilbuild REIT, I am worried about the prospects of 72 Loyang Way. Have you also been waiting for some updates on 72 Loyang Way? (more…)