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Funan’s twin office blocks have secured a pre-releasing commitment of around 210,000 sq ft, or around 98 percent of the total office net lettable area (NLA) of 214,000 sq ft following its Temporary Occupation Permit (TOP) in April.
The integrated development’s office tenants comprise multinational corporations, public agencies and start-ups, which are set to move in progressively from this quarter.
With a total NLA of 95,600 sq ft, the South Office Block has been fully leased to three public agencies – namely the Singapore Department of Statistics (DOS), Attorney-General’s Chambers (AGC) and Smart Nation and Digital Government Office (SNDGO).
The North Office Block, on the other hand, will house sporting goods company Adidas’ Southeast Asia office, global payment platform company Adven and co-working space WeWork.
Also in the North Office Block are TREHAUS SCHOOL, a childcare centre and preschool that could accommodate more than 100 children aged from two months to six years, and TREHAUS CLUB, a family club offering member families with access to themed play dates, enrichment programmes and an indoor playground café.
“The revamped Funan is designed as an open, inviting and energetic beating heart of Singapore’s Civic District that aims to encourage creativity and connection with a vibrant live-work-play paradigm. It caters to the new generation of professionals who prefer to work in a collaborative and inspiring environment, at a convenient location where they can unwind at the end of the day with a whole host of lifestyle amenities under one roof,” said Tony Tan, CEO of CapitaLand Mall Trust Management Limited.
“With a high commitment of 98 percent, Funan’s diversified and quality office tenant base will progressively contribute earnings to CMT from Q3 2019.”
Owned by CapitaLand Mall Trust (CMT), Funan is managed by CapitaLand.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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