Wilkie Edge’s advertisement space offered
CapitaLand Advertisement Trust is normally putting retail and place of work at mixed-used development Wilkie Edge while in the Selegie vicinity up for sale.
Originates from will be bought through an term of interest physical fitness closing regarding Jan twenty.
The space on the block includes a two-level retail corner and half dozen floors of prime-grade high-quality office space, that has a gross surface area of regarding 215, 000 sq paws and net sale lettable part of about 154, 000 sq ft.
Wilkie Edge, which has a 99-year leasehold starting in 2006, has a excessive occupancy pace – alongside 100 % as in Oct thirty-one. Tenants contain local and multinational firms.
The Straits Times recognizes an a sign price can be $1, 900 per sq ft on the web lettable spot, which means about $293 million.
With stage 3 of the Town center Line scheduled for achievement next year, Wilkie Edge are going to be easily attached to the Marina Gulf financial section.
Investors may consider trying to achieve some advantage enhancement pursuits either to reposition the retail part or improve the retail lettable areas.
Otherwise, subject to relevant authorities’ endorsement, Wilkie Border can be subdivided into strata-titled retail and office devices for individual strata sale in the foreseeable future.
Adapted via: The Straits Times, 20 December 2016