Big Box Mall, located in Jurong East, is up for sale by expression of interest (EOI) exercise, announced by the managers and the receivers of Big Box Pte Ltd.
The building is an eight-storey mall built in 2014 with the site area of around 606,639 square feet. Initially, it was used as the fragment of a warehouse retail scheme.
With the 1.4 million square feet area of total gross floor area, this land has the tenure expiring within 30 years effective from March 23, 2007 – that means only 18 years of tenure is remaining currently.
Now the building has gained the status of “Business 1” or B1 industrial usage; thus, at the present, the Big Box mall could be offered generally as the vacant possession.
The ceiling height has a diversity of 5-18 meters with approximately one million square feet of total reusable area on the large floor plate. It also has the car park lots having space for 1,726 vehicles along with an additional area for lorry and container parking.
The property is interconnected to the buildings in its vicinity like JEM and also to the Jurong East MRT through the underground pathways.
The conductor of the expression of interest exercise, JLL, proclaimed that the mall is ideal for the large scale logistics operators, technology firms, e-commerce platforms, and third-party service providers.
The site is readily available for working as it is situated near the Jurong Lake District and Jurong Port.
TT International retains 51 percent of the Big Box mall.
An expression of interest exercise will be commenced from April 9 and continued till May 23.