Retail Space

Marina One announced on Friday that it had secured a strong line-up of anchor retail and food & beverage (F&B) brands that include Virgin Active, Cold Storage and Cookhouse by Koufu, ahead of the Singapore development's expected issuance of its temporary occupation permit in 2017. "Anchoring Virgin Active, Cold Storage and Cookhouse as our key retail tenants reinforces Marina One's vision to be the...

Metro will close its City Square Mall outlet when its lease expires at the end of the year, said City Developments Limited (CDL) and Metro Holdings Limited in a joint statement on Monday (Sep 14). The mall “will be introducing new concepts and brands by next Chinese New Year (February 2016). Tenants with these brands will take the place of Metro Department Store,” said Metro and CDL, which owns the...

A tender to develop Blocks 17 and 18 Dempsey Road was conducted by the Singapore Tourism Board (STB) and Singapore Land Authority (SLA) on Thursday (Aug 13). The two blocks, within the Dempsey cluster of Tanglin Village, will be developed for retail and food and beverage (F&B) use, and the joint effort between both agencies aims to "strengthen the Tanglin Village's position as a unique lifestyle...

The upcoming Waterway Point at Punggol has secured committed occupancy for 90 per cent of its retail space, about six months before its opening, Frasers Centrepoint Malls said on Tuesday (Aug 4). Frasers Centrepoint Malls said the 370,824 square feet (sq ft) Waterway Point will offer four levels of indoor shopping, leisure and alfresco dining spaces with a view of Punggol Waterway. Key tenants...

Prices of office space rose 0.3 per cent in the second quarter compared to the previous quarter, while prices of retail space fell 0.5 per cent, the Urban Redevelopment Authority (URA) said on Friday (Jul 24). Rentals of office space fell 2.6 per cent in the second quarter, compared with the 0.6 per cent increase in the first quarter. Rentals of retail space decreased by 0.5 per cent, compared with the...

Plaza Singapura will undergo interior upgrading works in the third quarter of this year, mall owner CapitalLand Mall Trust (CMT) announced on Wednesday (Jul 22). The rejuvenation works, set to complete by Q4 2016, will cost about S$38 million and will include the upgrading of floor finishes, corridor lighting, toilets, lift lobbies and nursing rooms. More nursing rooms will also be added on Level 2 as...

The manager of CapitaLand Mall Trust (CMT) said on Wednesday (15 July) it may sell or redevelop Funan DigitaLife Mall (Funan Mall) in line with its policy of continually evaluating the trust's properties. "These options include and are not limited to a disposal or redevelopment of Funan Mall," CapitaLand Mall Trust Management said in a filing on the Singapore Exchange (SGX). CMT added that it has not...

The old Capitol Theatre has just reopened, after a billion-dollar facelift. Along with a retail mall, the development will also include residences and a hotel. Owners of Capitol said they are adopting a strategy of bringing in new-to-market brands, as tenants, to complement its theatre and lifestyle offerings. Japanese apparel retailer, 45r, is among the new names open for business at Capitol Piazza,...

CapitaLand Mall Trust (CMT), Singapore's largest shopping mall trust, will buy Bedok Mall from sponsor CapitaLand in a deal that values the mall at S$780 million. The 222,500 square foot Bedok Mall, which opened in December 2013, is part of an integrated retail-residential-transport development at Bedok Town Centre that includes the 583-unit condominium Bedok Residences developed by CapitaLand. The...

When Singaporean Hidayu Mustaafa craves for retail therapy, she walks to a mall five minutes from her home in the eastern suburb of Tampines instead of bussing down to Orchard Road - the island-state's shopping Mecca. That is bad news for Orchard Road's glitzy malls, which showcase brands such as Inditex's Zara and H&M, as well as luxury names like Chanel and Prada. Increased competition from...