CapitaLand Industrial Trust can be putting price tag and work place at mixed-used development Wilkie Edge inside the Selegie place up for sale.
The area will be distributed through an phrase of interest work out closing about Jan nineteen.
The space for sale includes a two-level retail wedge and 6 floors of prime-grade top quality office space, using a gross floorboards area of regarding 215, 500 sq feet and net lettable part of about 154, 000 sq ft.
Wilkie Edge, using a 99-year leasehold starting 5 years ago, has a huge occupancy amount – near to 100 % as for Oct thirty-one. Tenants incorporate local and multinational firms.
The Straits Times recognizes an a sign price will be $1, 900 per sq ft on the net lettable area, which translates to about $293 million.
With stage three of the Downtown Line slated for completion next year, Wilkie Edge will be easily connected to the Marina Bay financial area.
Investors can consider embarking on some asset enhancement initiatives either to reposition the retail component or increase the retail lettable areas.
Alternatively, subject to relevant authorities’ authorization, Wilkie Edge can be subdivided into strata-titled retail and office models for individual strata sale in the future.