CapitaCommercial Trust plans to spend about S$92 million for asset enhancement work on its existing Grade A office building at Six Battery Road.
Based on the property’s valuation as at end December 2009, the cost is equivalent to approximately eight per cent.
CCT says Six Battery Road will be physically, technically and functionally enhanced to meet the modern-day needs of office tenants and improve the building’s energy efficiency and environmental sustainability.
The works are scheduled to commence in October this year.
Chairman of the trust manager, Richard Hale, says the ‘green features’ that will be incorporated into the landmark office building will contribute to improved operational efficiency and costs savings in the long term.
The entire asset enhancement works will be carried out in phases until 2013 so that tenants can continue to operate in the building with minimal inconvenience.
Source : Channel NewsAsia – 27 May 2010