Tuesday, January 28, 2014
Figtree Holdings: Awarded largest contract-to-date of $178m by Tech Link Storage Engineering Pte Ltd to design and build LF Logistics Distribution Centre, located at Wenya in Jurong West, Singapore. The facility will be leased to LF Logistics Services, a wholly-owned subsidiary of Li & Fung, the world leader in consumer goods design, development, sourcing and distribution. The integrated distribution centre will have a gfa of 1.0m sf, the largest warehouse facility in the region for Li & Fung, and is expected to be completed in 4Q2015. The significant new order brings Figtree's order book to $269.9m from $91.9m (as of 3 Oct 2013).