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Property description

The P-Life Matsudo property is a freehold 2-storey pharmaceutical product distributing and manufacturing facility.

Conveniently located approximately 700 metres north of Matsuhidai Station on the Hokuso-Kaihatsu Railway Line and within the vicinity of Exclusive Industrial District in Matsuhidai Industrial Park.

The P-Life Matsudo property is a specially designed built-to-suit property.

Key Statistics

Land Tenure Freehold
Land Area 8,449.01 sq m
Net Lettable Area 3,239.50 sq m
Year of Completion 2005
Additional works were completed in 2007
Committed Occupancy 100.0%
Name of Lessee (s) Nippon Express Co., Ltd (Master Lessee)
Inverness Medical Japan Co., Ltd (Sub-Lessee)
Appraised Value (as at 31 December 2009) ¥2,818 million (S$43.1 million)1
Location Map Click here to view location map

Note:

  1. The property was valued by Colliers Halifax using the Direct Income, Cost and Discounted Cash Flow Approaches. Based on an exchange rate of S$1.00 to 65.32 units JPY.