PGIM Real Estate recently has acquired Luxasia Building, a six-story industrial asset located in Paya Lebar iPark, Singapore. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of U.S.-headquartered Prudential Financial.
Part of a centrally located industrial park, Luxasia Building offers users close proximity to key commercial districts in addition to immediate access to metro lines, expressways and neighborhood amenities. The property features integrated industrial and office spaces, which reduces transportation and logistics costs for tenants that require both property types in the same location.
“Luxasia Building is one of Singapore’s prime industrial assets, with a strategic location that has made it ideal for consumer product and lifestyle-oriented tenants,” said Benett Theseira, PGIM Real Estate’s head of Asia Pacific. “Demand for modern industrial space in the centra
