Allco REIT gets go-ahead to build 10-storey hotel at China Square Central

Allco Commercial REIT has been given the green light to build a 10-storey hotel with about 350 rooms at China Square Central.

The Urban Redevelopment Authority (URA) has granted Allco REIT permission to add 16,000 square metres of gross floor area to the development in the central business district.

The development currently consists of a 15-storey office block and 38 conservation shop house units.

Allco REIT has also been granted permission to convert some existing car parks into office space.

The URA approval is valid for six months starting the end of June. – CNA/ms

Source : Channel NewsAsia – 30 Jun 2008

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