CapitaLand said Tuesday that the group will relocate to Westgate Tower in Jurong progressively from early 2015.
The group will occupy about 160,000 square feet across 11 floors of the new 20-storey prime office tower. It will also maintain a city office at Capital Tower as a flexible workspace to liaise with clients or business partners, it said.
The group, which includes CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, and Ascott Residence Trust, currently operates from different buildings in Singapore.
Mr Liew Mun Leong, President and CEO of CapitaLand Group, said: “The relocation will be a milestone for CapitaLand Group. For the first time, all business units in Singapore and the corporate office will operate from a single location. We want to create a conducive environment that will help to further improve productivity across the Group and achieve work-life integration.”
He added: “We are pleased that Westgate, sited within Jurong Gateway – the biggest commercial hub outside the Central Business District – will provide the ideal location for the Group to be housed under one roof. We look forward to playing a significant role in transforming the Jurong Lake District into a key regional business hub.”
Westgate, jointly developed by CapitaMalls Asia, CapitaMall Trust Management and CapitaLand, is to comprise a shopping mall and office tower. The 416,000-sq-ft lifestyle and family mall is expected to be opened by end-2013, while the 320,000-sq-ft office tower is slated for completion in end-2014.
Source : Today – 14 Aug 2012