Suntec City completes $410 million makeover
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Suntec City has finally completed its $410 million asset enhancement initiative (AEI) and officially unveiled the revamped mall on Thursday Oct 22. The AEI programme started in June 2012 and was completed in June this year. The work involved decanting low-yielding spaces and converting levels one and two of Suntec Singapore Convention & Exhibition Centre into retail space, thereby expanding the retail footprint from 855,000 to 960,000 sq ft today.
The mall has repositioned itself as a lifestyle destination offering a range of specialty retail stores, new food and beverage concepts, and entertainment options. The recently unveiled North Wing is built on a theme of “enhanced lifestyle” and houses a lively mix of tenants that offer a diverse range of merchandise, including the gourmands’ market Pasarbella, and the debut of Mporium, dedicated to Asian designers.
Questions & Answers
Q.What was the total cost of the Suntec City revamp?
What was the total cost of the Suntec City revamp?
The asset enhancement initiative (AEI) undertaken by Suntec City cost a total of $410 million. This significant investment was made to overhaul and expand the retail complex over several years.
Q.When did the renovation project begin and when was it finished?
When did the renovation project begin and when was it finished?
The asset enhancement programme at Suntec City commenced in June 2012. The extensive renovation work, costing $410 million, was brought to completion in June of this year, ahead of its official unveiling.
Q.How has the retail space at Suntec City changed since the renovations?
How has the retail space at Suntec City changed since the renovations?
The retail footprint at Suntec City has increased from 855,000 to 960,000 sq ft. This expansion was achieved by converting low-yielding spaces, including parts of the convention and exhibition centre, into retail units.
Q.What is notable about the new North Wing at Suntec City?
What is notable about the new North Wing at Suntec City?
The recently unveiled North Wing is themed around 'enhanced lifestyle' and features a vibrant mix of tenants. It includes the gourmands' market Pasarbella and marks the debut of Mporium, which focuses on Asian designers.
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