Guoco Midtown’s office tower obtains TOP, achieves 80% take-up rate
Notable tenants include worldwide freight company Pacific International Lines, Germany petrochemical company BASF, Chinese Internet technology business NetEase Interactive Entertainment, along with Liechtenstein’s private financial institution VP Banking.
The whole Guoco Midtown project comprises the workplace high rise, three retail industry clusters (Midtown Square, Midtown Market, as well as Midtown Common), and 2 apartments (Midtown Modern also Midtown Bay).
“The phased completion of Guoco Midtown will definitely expand our profile of financial investment properties and even increase our repeating revenue. Like exactly how Guoco Tower transformed and lifted up Tanjong Pagar, Guoco Midtown will over time also perform the same for the Beach Road-Bugis place,” says Cheng Hsing Yao, Chief Executive Officer of GuocoLand.
The workplace high rise has actually also accomplished a 80% pre-committed take-up price, and a number of deals remain in innovative periods of arrangement. Secured and also potential occupants cover numerous sectors consisting of business banking and finance, chemical, user companies, electricity, maritime, expert companies, along with innovation.
“As a landlord, we view occupants as long-lasting companions and also aim to uphold them in their transformation course. The services at Guoco Midtown, including the Network Center also our versatile leasing concept, along with the services focused on health and even leisure, are the effects of our interaction with renters and also potential customers at Guoco Tower and Guoco Midtown,” states Valerie Wong, GuocoLand’s managing director of asset management.
GuocoLand’s Guoco Midtown, the integrated project along Beach Roadway, has received its short-lived work permit (TOP). This milestone in the building and construction process cues that the 30-storey Quality A business high rise is near to completion.