Recently, I noticed that GKE Corp has garnered considerable media attention after entering into a sales and leaseback agreement with Viva Industrial Trust for GKE’s existing headquarters cum warehouse property located at 30 Pioneer Road. Upon successful completion, GKE will receive S$45m in cash as consideration for the sale. This is almost on par with GKE’s current market capitalisation of S$51.9m! Coupled with the various on-going developments (see below), GKE seems to warrant a closer look. Company description GKE’s business activities can be broadly segregated into two categories: (a) 3^rd party logistics, and (b) strategic investments. More elaboration below. 3^rd party logistics doing well despite oversupply Notwithstanding the oversupply in warehousing space, it is noteworthy that GKE does not only lease out its warehouse space. It is an integrated warehouse operator and provides the full suite of services to its customers by connecting the different parts ......