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The property now sports a 24,100 sq ft retail enclave covering three levels, containing nearly 40 F&B and retail outlets.
City Developments Limited (CDL) unveiled its revamped flagship property, the Republic Plaza, after an exhaustive S$70 million asset enhancement initiative (AEI) that began in April 2018, reported The Business Times.
Although the property had been enhanced several times, this was its first major facelift since its construction in 1996.
The Grade A 66-storey building, located in the central business district, sits on a net lettable area of around 780,000 sq ft with a gross floor area of 1.1 million sq ft.
Republic Plaza underwent a makeover of its arrival frontage, main lobby, individual lift lobbies, including lift modernisation and interior enhancements improving space efficiency.
Its retail podium was also expanded by 3,400 sq ft of lettable retail space via a partial conversion of the carpark. Public area layouts were also redone to improve pedestrian flow and technical specifications were upgraded to facilitate a wider variety of food and beverage (F&B) offerings.
The property now sports a 24,100 sq ft retail enclave covering three levels, containing nearly 40 F&B and retail outlets.
CDL also created a proprietary smart building mobile application named CityNexus for its tenants.
Through it, tenants are given access to services such as air-conditioning extension request, building feedback submission, building access and meeting room booking. It also allows tenants to give their guests book-dedicated VIP parking lots and direct turnstile entry.
The United Overseas Bank (UOB) is also giving F&B tenants digital and financial solutions via the app.
CDL said that more services will be added to the CityNexus digital platform over time and it will also be possibly rolled out to other CDL office buildings.
A unit at the Republic Plaza has also been converted into a co-working and incubator space for social enterprises and startups. This is an initiative in partnership with the United Nations Development Programme, Social Collider and Singapore Centre for Social Enterprise.
“Post AEI, we have seen positive rental reversions at Republic Plaza and achieved strong committed occupancy of over 90 percent, with the retail space fully leased,” said Sherman Kwek, CDL group chief executive officer.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
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