Bookmark & Share
Frasers Centrepoint Singapore launched on Tuesday (7 February) a 38-storey Grade A office tower along 182 Cecil Street with lots of green spaces to accommodate the needs of office workers seeking a work-life balance.
Dubbed Frasers Tower, it is expected to be completed in the second quarter of 2018, and will have a total net lettable area (NLA) of approximately 663,000 sq ft.
“Businesses will be attracted to the new landmark as it occupies the prime corridor between the core CBD and upcoming Greater Southern Waterfront development,” said Christopher Tang, CEO of Frasers Centrepoint Singapore.
Unique to Frasers Tower are four community zones designed to promote greater interaction among its occupants, namely The Sky roof garden; The Terrace on level four where people can play foosball; and The Oasis (pictured), an adjacent three-storey cascading retail podium that will house various F&B outlets. The last one is The Park, which encloses Frasers Tower, making it the first commercial building to be nestled within its own park that connects to the Telok Ayer Park.
“The appeal of the development is also in its unique blend of workspace and nature designed to inspire a stimulating, innovative and functional work environment. With the reduced office supply in 2018 and beyond, we are confident that demand for Frasers Tower will grow,” noted Tang.
To give tenants the flexibility to efficiently customise their workspaces, the 235-metre tall office building will come with floor plates that are of regular shape and free of interior columns. With sizes ranging from 20,000 sq ft to 22,000 sq ft, each level can accommodate up to 300 people.
According to marketing agents CBRE and JLL, companies have committed to rent or have submitted leasing proposals for about 30 percent of the building’s NLA, reported the Straits Times.
The first company that agreed to establish a presence there is The Executive Centre, a serviced office provider which will occupy an entire floor measuring about 20,000 sq ft. Other companies from the financial, technology and media sectors have also shown keen interest in Frasers Tower due its prime location and accessible work spaces.
Image source: Frasers Centrepoint Singapore
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
Related Articles:
Billions in commercial property deals fallen through since Brexit