One Raffles Place shopping mall, formerly known as OUB Centre, will reopen on Thursday (May 29) after a major refurbishment exercise, its developer said in a statement on Wednesday.
Located above Raffles Place MRT station, the mall has a net lettable area of approximately 98,500 square feet spread over six levels, and a committed occupancy of more than 90 per cent.
The mall’s tenants will progressively open for business, with Swedish clothing retailer H&M being the first to open from today. Other tenants include Uniqlo, Victoria’s Secret, Melissa and Paris Baguette, the statement said.
“These brands, which are making their first foray in the area, bring a dose of Orchard Road into the heart of Raffles Place,” said Ms Letty Lee, Retail Services Director of CBRE Singapore, the project’s sole marketing agency. “These diverse offerings will cater to the different needs and preferences of the mall’s customers.”
According to CBRE Singapore, the location has a catchment of 259,121 working professionals and PMEBs (professionals, managers, executives, businessmen). About 10,738 international tourists visited the area in 2014, due to an increase in office space and hotel developments in the vicinity.
The number of residents in the area is projected to reach 11,603 this year, CBRE Singapore said.
Source : Channel NewsAsia – 29 May 2014