GKE renews 20-year lease of Jurong logistics facility

The new term requires a S$1.65m investment and green compliance measures.

GKE Corporation said its wholly owned unit, GKE Marquis, accepted a 20-year lease renewal from JTC Corporation for its Jurong logistics facility.

Under the new lease, GKE Marquis must invest at least S$1.65m in new plant and machinery within three years.

It is also required to redevelop the site in line with JTC’s building terms and meet green standards throughout the lease period.

The renewed term, begins in July 2028.

GKE said the planned investment may be partly funded by proceeds from its September 2025 share placement and that it will update shareholders as funds are deployed.

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