Singapore-listed TT International said it has signed an agreement with private equity real estate firm Lucrum Capital, which will invest at least S$200 million to complete the Big Box project, a mega retail warehouse located in Jurong. In a statement, TT International said it has started exclusive discussions with Lucrum's wholly-owned subsidiary Lucrum Development (Singapore) for the proposed...
Big Box Project
A S$300 million warehouse store will be open in Jurong East in the last quarter of 2009. The company behind the Big Box project, TT International, said the Jurong warehouse will be its flagship store. Sitting on a 5.6-hectare site near the Jurong East MRT station, the outlet will be as big as 27 football fields put together with a total gross floor area of 120,000 square metres. About 30 per cent of the...