Bookmark & Share
CapitaSpring, the upcoming 51-storey skyscraper at the former site of the Golden Shoe Car Park, has secured JP Morgan as its first anchor tenant, revealed joint venture partners CapitaLand, CapitaLand Commercial Trust (CCT) and Mitsubishi Estate Co.
The US banking giant will take up 155,000 sq ft of premium office space from levels 24 to 30, or almost a quarter of CapitaSpring’s 635,000 sq ft of net lettable area.
“As a longstanding tenant of ours since 2001, we look forward to extending our partnership at this dynamic new location in the heart of Singapore’s CBD. J.P. Morgan’s choice of CapitaSpring speaks volumes about the development’s strong appeal to progressive companies seeking a prestigious address with modern future-ready facilities,” said CCT CEO Lynette Leong.
Slated for completion in the first half of 2021, CapitaSpring is set to be among the tallest and greenest buildings in Raffles Place.
To complement the government’s strategy for a car-lite Singapore, the development will also feature a cycling path within its perimeter, 165 bicycle parking lots and end-of-trip facilities.
“CapitaSpring will also comprise a 299-unit Citadines serviced residence managed by The Ascott Limited, ancillary retail space, as well as a food centre located on the second and third levels of the development,” noted CapitaLand.
“Stallholders from the well-loved Market Street Food Centre will return to the new food centre at CapitaSpring upon the building’s completion.”
In addition, a fine dining restaurant can also be found at the rooftop at about 280m high.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
Related Articles:
Row of four shophouses at Jalan Besar up for sale
Keppel’s Alpha fund divests entire stake in Shanghai International Plaza