COMMERCIALLY AWARE PROPERTIES

Wilkie Edge’s business oriented space available for purchase

CapitaLand Business oriented Trust is definitely putting retail and property at mixed-used development Wilkie Edge inside Selegie spot up for sale.

The place will be available through an phrase of interest training closing about Jan 21.

The space on the market includes a two-level retail wedge and five floors of prime-grade top quality office space, which has a gross floors area of about 215, 000 sq feet and world wide web lettable area of about 154, 000 sq ft.

Wilkie Edge, which has a 99-year leasehold starting in 2006, has a substantial occupancy pace – alongside 100 percent as within Oct 31st. Tenants comprise of local and multinational organisations.

The Straits Times is aware an a measure price might possibly be $1, nine hundred per sq ft on the lettable section, which equals about $293 million.

With stage some of the In the downtown area Line targeted for consummation next year, Wilkie Edge would be easily coupled to the Marina These kinds of financial place.

Investors can certainly consider beginning some pc software enhancement work either to reposition the retail region or boost retail lettable areas.

Extensive online, subject to relevant authorities’ benchmarks, Wilkie Benefit can be subdivided into strata-titled retail and office coolers for individual strata sale in to the future.

Adapted with: The Straits Times, twenty December 2016

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