SPRING Singapore building put up for sale

The SPRING Singapore building at No. 2, Bukit Merah Central has been put up for sale by expression of interest.

The property comprises a 22-storey tower block and a six-storey podium block.

SPRING Singapore sits on an area of 88,295 square feet and the building has a total gross floor area of 355,153 square feet.

The property has a lettable area of 198,744 square feet and is almost fully occupied.

The Urban Redevelopment Authority has given permission for the property to be used for commercial purposes until its lease expires in 2083.

When the deal is completed, SPRING Singapore would lease back about 50 per cent of the building.

Property consultants Colliers International is marketing the commercial development. – CNA/ir

Source : Channel NewsAsia – 1 Jul 2008

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