NOL selling Singapore headquarters building

Monday, July 02, 2012

The liner shipping and logistics company NOL Group said Monday it intends to sell its Singapore headquarters building. NOL, parent of container line APL and sister company APL Logistics, will sell its 29-year-old building “to release capital for strategic investment.” NOL has not decided on a reserved price for the 26-story building, located on Alexandra Road, near the headquarters of PSA, the Singaporean terminal operating giant. About 500 peop...

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