• Located at 15 Gul Way, Singapore 629193, with close proximity to a new station under Cross Island Line Phase 3, the industrial property occupies a land area of approximately 203,267 square feet and comprises a gross floor area of approximately 284,384 square feet, together with an on-site dormitory that can accommodate up to 199 personnel.

• The proposed property acquisition enhances the Group’s logistics capabilities with greater operational flexibility and efficiency, while providing a scalable platform to support future business expansion of its logistics division, operating under Richland Logistics Services (“Richland Logistics”).
   
• As a market leader in Singapore's air cargo industry with over 30 years of proven expertise, the proposed property acquisition is another significant milestone as the Group aims to strengthen its long-term growth platform, delivering greater value to customers with mission-critical and time-sensitive logistics needs.

Commenting on the proposed property acquisition, Mr Ang Jun Long, Executive Director of Eneco, said:

“The proposed acquisition of 15 Gul Way represents an important milestone in strengthening our logistics infrastructure, and it complements our broader strategy of continuously improving operational efficiency, investing in strategic assets and strengthening our logistics platform under Richland Logistics.

Together with our ongoing strategic initiatives across the business, we believe this property acquisition will enhance the Group's competitive position, strengthen our long-term growth platform, and create sustainable value for our stakeholders.”

See link for full media release: https://links.sgx.com/FileOpen/EEL_Press%20Release%20-%2015GulWayAcquisition_11%20Aug%202026.ashx?App=Announcement&FileID=900385