Infrastructure,News | 352 days ago |

Shipping and logistics leader NOL Group announced yesterday, July 2, 2012, that it intends to sell its Singapore headquarters building.  The company has not decided on a reserved price for the 29-year-old building but said it is selling to release capital for strategic investment.

NOL has retained the commercial real estate firm Jones Lang LaSalle to market the property.  The 26-storey tower is located near the foot of Alexandra Road in Singapore.

About 500 people work in the NOL building. The company said a decision to relocate them or remain in the existing building as a tenant will wait until a buyer is identified.