Prima to move out of historic Keppel Road flour mill building in 2028

The 1960s-era complex is located in the 24ha HarbourFront precinct, which is being redeveloped.

Published Oct 08, 2026, 10:21 PM

Updated Oct 08, 2026, 11:12 PM

Prima will leave its historic Keppel Road flour mill in 2028 when its lease ends, after a nine-month extension to Jan 31, 2028.

Mapletree is planning redevelopment of the HarbourFront site for the Greater Southern Waterfront, and is studying conservation and adaptive reuse options.

Prima, founded in 1961, has shifted focus to upstream flour milling after selling PrimaDeli in 2025, while its landmark tower restaurant closed in 2020.

SINGAPORE – Singapore food company Prima is expected to move out of its historic Keppel Road flour mill in 2028, when its lease on the iconic site ends.

The 1960s-era complex sits in the 24ha HarbourFront precinct on land held by the Mapletree group , which has plans for a comprehensive redevelopment of the port area in line with the Government’s vision to develop the Greater Southern Waterfront for housing and commercial use .

Prima’s lease at 201 Keppel Road was extended from a previous end date of April 30, 2027, for an additional nine months to Jan 31, 2028. The lease extension was granted at Prima’s request, a spokesperson from Mapletree said.

The company had originally intended to move its operations to a site at Jurong Port between the last quarter of 2026 and the first quarter of 2027, a 2024 report said.

Asked if it still plans to move in 2028 to Jurong as earlier indicated or whether it intended to expand or scale down its Singapore operations after vacating the Keppel site, Prima declined to comment.

Prima, a household name seen on supermarket shelves throughout Singapore, was founded in 1961 by the late businessman Cheng Tsang Man, who served as executive chairman for 37 years.

Prima built Singapore’s first flour mill and was listed on the then Stock Exchange of Singapore and Malaysia in 1969. It was taken private by the family in 2023.

The business grew, expanding from producing flours to manufacturing food premixes, and into bakery retail in 1992.

In 1977, it opened the Prima Tower Revolving Restaurant, perched 70m atop the mill’s wheat grain silo, making it a unique local landmark.

The Chinese restaurant closed in April 2020 during the Covid-19 pandemic, ending a 43-year run.

According to its website, the Prima group has 4,000 employees globally, with manufacturing hubs in Singapore, China, Australia and Sri Lanka.

In 2025, it sold the PrimaDeli bakery business to caterer Neo Group for an undisclosed sum.

Prima Food executive director Tony Loke said at the time that it was “timely” for the group to “exit the downstream industry”, and that Prima would concentrate on further developing its upstream flour-milling business to better serve the local flour-based industry.

The site at 201 Keppel Road houses a distinctive development with warehouse blocks, silo blocks, a flour mill and an office block spanning a gross floor area of more than 40,000 sq m.

It was acquired by Mapletree Logistics Trust (MLT) in 2005 from its sponsor Mapletree Investments, at an appraised value of $26.5 million.

At the time, Prima, the sole tenant, was midway through a 30-year lease that started in 1989.

The lease was later extended another eight years from 2019.

A call option agreement gives Mapletree Investments, as sponsor, the right to acquire the site back from MLT for redevelopment.

The site sits on land with a 99-year lease from 1997.

In response to queries from The Business Times, a Mapletree Investments spokesperson said the group is “exploring various options for the future of the property as part of the broader rejuvenation of the Greater Southern Waterfront”.

“These include conservation studies to assess opportunities for adaptive reuse,” the spokesperson added.

Mapletree pointed to its adaptive reuse project at the nearby St James Power Station, which won an award for Conservation and Innovation (Distinction) at the 2022 URA Architectural Heritage Awards.

The complex was restored from 2018 to 2021 to meet modern occupier needs while preserving its heritage character.

Key heritage features and maritime artefacts were retained, including its iconic brick facade, chimneys, steel structures and windows. Additional office space was created by inserting floor plates. The Business Times

Food and beverage sector

这座建于 20 世纪 60 年代的建筑群位于占地 24 公顷的港湾区，该区域正在进行重建。

发布于 2026 年 10 月 8 日晚上 10:21

更新于2026年10月8日晚上11:12

Prima 将于 2028 年租约到期后离开其位于吉宝路的历史悠久的面粉厂，此前租约已延长九个月至 2028 年 1 月 31 日。

Mapletree 计划对 HarbourFront 地块进行重新开发，以打造大南部滨水区，并正在研究保护和适应性再利用方案。

Prima 成立于 1961 年，在 2025 年出售 PrimaDeli 后，其业务重心已转移到上游面粉加工领域，而其标志性的塔楼餐厅则于 2020 年关闭。

新加坡——新加坡食品公司 Prima 预计将于 2028 年搬离其位于吉宝路的历史悠久的面粉厂，届时其在该标志性地点的租约到期。

这座建于 20 世纪 60 年代的建筑群位于占地 24 公顷的港湾区，土地所有者为丰树集团。丰树集团计划对港口区域进行全面重建，以配合政府将南部滨海区发展为住宅和商业用途的愿景。

Prima位于吉宝路201号的租约已从原定的2027年4月30日延长九个月至2028年1月31日。丰树集团的一位发言人表示，此次租约延期是应Prima的要求而批准的。

2024 年的一份报告称，该公司最初计划在 2026 年第四季度至 2027 年第一季度期间将其业务转移到裕廊港的一个地点。

当被问及是否仍计划如先前所表示的那样在 2028 年迁至裕廊，或者在撤离吉宝地块后是否打算扩大或缩减其在新加坡的业务时，Prima 拒绝置评。

Prima是新加坡家喻户晓的品牌，在新加坡各大超市的货架上随处可见。该品牌由已故商人郑曾文于1961年创立，郑曾文担任执行主席长达37年。

Prima 建造了新加坡第一家面粉厂，并于 1969 年在当时的新加坡和马来西亚证券交易所上市。该公司于 2023 年被家族私有化。

公司不断发展壮大，从生产面粉扩展到生产食品预混料，并在 1992 年涉足烘焙零售领域。

1977 年，它开设了 Prima Tower 旋转餐厅，餐厅位于磨坊小麦筒仓顶部 70 米处，使其成为当地独特的地标。

这家中餐馆在 2020 年 4 月新冠疫情期间关闭，结束了其 43 年的经营历史。

据其官网显示，Prima集团在全球拥有4000名员工，并在新加坡、中国、澳大利亚和斯里兰卡设有制造中心。

2025 年，该公司将 PrimaDeli 面包店业务出售给了餐饮集团 Neo Group，具体金额未公开。

Prima Food 执行董事 Tony Loke 当时表示，集团“退出下游行业”是“恰当的”，Prima 将专注于进一步发展其上游面粉加工业务，以更好地服务于当地的面粉行业。

吉宝路 201 号地块上有一个独特的开发项目，包括仓库、筒仓、面粉厂和办公楼，总建筑面积超过 40,000 平方米。

2005 年，丰树物流信托（MLT）从其发起人丰树投资手中收购了该公司，评估价值为 2650 万美元。

当时，Prima 是唯一的租户，其 30 年租约从 1989 年开始，目前还处于租期的中期。

租约后来从 2019 年起又延长了八年。

根据认购期权协议，作为发起人的丰树投资有权从 MLT 手中购回该地块进行重新开发。

该地块的租赁期限为 99 年，自 1997 年起算。

针对《商业时报》的询问，丰树投资的一位发言人表示，该集团正在“探索该物业未来的各种选择，作为大南部滨水区整体振兴计划的一部分”。

发言人补充说：“这些研究包括评估适应性再利用机会的保护研究。”

Mapletree 指出，其在附近的圣詹姆斯发电站进行的改造再利用项目，在 2022 年市区重建局建筑遗产奖中获得了保护与创新（卓越）奖。

该建筑群于 2018 年至 2021 年间进行了修复，以满足现代使用者的需求，同时保留其历史特色。

关键的历史遗迹和航海文物均被保留，包括其标志性的砖砌外墙、烟囱、钢结构和窗户。通过增设楼层，创造了额外的办公空间。《商业时报》

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