New investments to boost the food sector

With more countries in Asia opening for business, F&B operators and manufacturers are starting to invest in facilities such as cloud kitchens, modern warehousing, and innovative manufacturing plants. For instance, cloud kitchen facility operator SmartCity has opened its 8th facility in Singapore. Located in Bedok, the latest facility can house up to 24 cloud kitchen units. With 75% of Singapore's working population expected to return in the coming weeks, the new launch is timely, said the company. 
Most of the units are already taken. New tenants include restaurant brands such as Golden Jade Restaurant, Maya's Kitchen, JTown Cafe, Haron Satay 55, The Kebabsmith, DingGarden Buffet and Marche Movenpick.
Jensen Low, country manager, Swiss Rösti Corner by Marche Movenpick, shares the benefits of operating a cloud kitchen space:
"We are always looking for ways to deliver our fresh quality meals to more customers island wide. Now, we can focus on crafting our authentic Swiss Rösti and sharing our passion for freshness and quality, directly to our valued customers!"
Also, in Singapore, real asset manager ESR Cayman will do a built-to-suit (BTS) redevelopment project for Pokka Logistics Singapore, a subsidiary of Pokka Sapporo Food & Beverage. Pokka Sapporo is a Japanese manufacturer and marketer of ready-to-drink beverages with operations in over 50 countries across Asia, the Middle East and Europe. ESR and its partner will invest approximately US$100 million to acquire leasehold rights and develop a 64,490 sqm, five-storey, best-in-class warehouse facility. Scheduled for completion in 2024, Pokka will occupy a minimum of 70% of the building space. The company committed to a 10-year lease with an option for further extensions.
Meanwhile, in China, global yeast and yeast extract manufacturer Angel Yeast Co is opening a new factory of food ingredients. The new facility boasts automated operation and heightened quality control for enhanced productivity and higher energy efficiency. The factory is part of the company's latest effort to optimise its production process and upgrade its product offerings for customers worldwide. Xiao Minghua, general manager of Angel, said:
"Food ingredient sits at the forefront of our investment as one of Angel's five major business focuses. The smart factory will further advance our manufacturing capability and grant Angel ‘Industry 4.0' expertise to drive new business models and boost quality, productivity, and sustainability.” (Compiled by Kristy Tan)

Image from Unsplash

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