Soilbuild REIT has taken over possession of a property at Pioneer Sector 1 that was previously occupied by a distressed tenant, NK Ingredients Pte Ltd.
The tenant is a manufacturer of lanolin and its derivatives, and has had issues settling its rent on the property with the REIT as early as September 2017.
Related: Soilbuild REIT begins search for back-up tenant at Pioneer Sector 1
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