Canadian Investors Partner in Acquisition of Solar Manufacturing Site in Singapore

LOGOS Singapore Logistics Venture, backed by Toronto-headquartered Canada Pension Plan Investment Board (CPPIB) and Montreal-based global real estate company Ivanhoe Cambridge, in partnership with new investors Bouwinvest Real Estate Investors (Netherlands) and LaSalle Global Partner Solutions (U.S.), have acquired the 25-hectare REC solar manufacturing site in Tuas South, Singapore in a US$430-million deal. The partners have acquired the property through a long-term sale-and-leaseback agreement with the Singapore arm of the global solar firm, REC. The Tuas South property is located next to the future Tuas Mega-Port, which when completed will house all of Singapore's future container activities and handle up to 65 million standard-sized containers; up from around 40 million today. Manufacturing facilities on the property will be used for the conversion of polysilicon into wafers, solar cells and solar panels.

Use 'AND' or 'OR' to refine your search.

Use quotes " " to get exact matches or remove them to get more results.