Guocoland secures temporary occupation permit for Guoco Tower
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The property has already seen 80% commitment from tenants.
Prospective tenants of Guoco Tower should be ready to move in anytime as Guocoland secures temporary occupation permit for the office and basement retail component of the building.
In a statement, GuocoLand claimed the Grade A office tower has already seen a remarkable 80% commitment moving into October despite a highly competitive office leasing market. This has significantly spiked up from 10% at the beginning of the year.
Guocoland Singapore Managing Director Cheng Hsing Yao said the 890,000 sq ft office tower has attracted demands from a broad range of industries. Some of the companies in the list of committed tenants include Agoda, Amadeus, ASICS, Danone, Straits Trading and Teva Pharmaceutical Industries.
“Guoco Tower’s ‘liveable vertical city’ concept whereby workplace is integrated with lifestyle amenities makes it attractive to tenants who care for the welfare of their staff. In addition, the prime location, seamless access to the MRT station and its prestige as the tallest building in Singapore also appealed to tenants,” he said.
Guoco Tower is inside the Tanjong Pagar Centre, an integrated commercial, retail, and lifestyle complex with 181 luxury apartments in Wallich Residence, the 222 room Sofitel Singapore City Centre hotel, and a 150,000 sq ft. Urban Park.
The complex will commence its operations in phases from November this year.
Questions & Answers
Q.What percentage of Guoco Tower's office space was committed at the start of the year?
What percentage of Guoco Tower's office space was committed at the start of the year?
At the beginning of the year, Guoco Tower had seen 10% commitment from tenants for its office space. This figure has significantly increased to 80% by October.
Q.Which types of companies have committed to leasing space in Guoco Tower?
Which types of companies have committed to leasing space in Guoco Tower?
Guoco Tower has attracted demand from a broad range of industries. Specific committed tenants include Agoda, Amadeus, ASICS, Danone, Straits Trading, and Teva Pharmaceutical Industries.
Q.What features of Guoco Tower are appealing to potential tenants, according to the Managing Director?
What features of Guoco Tower are appealing to potential tenants, according to the Managing Director?
The 'liveable vertical city' concept, integrating workplace with lifestyle amenities, is appealing. Its prime location, smooth MRT access, and status as Singapore's tallest building also attract tenants.
Q.What other facilities are included within the Tanjong Pagar Centre complex alongside Guoco Tower?
What other facilities are included within the Tanjong Pagar Centre complex alongside Guoco Tower?
The Tanjong Pagar Centre complex includes 181 luxury apartments in Wallich Residence, the 222-room Sofitel Singapore City Centre hotel, and a 150,000 sq ft Urban Park.
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