Suntec City officially reopened on Thursday (Oct 22) following a S$410 million enhancement. In a press release, ARA Trust Management (Suntec) Limited, the manager of Suntec REIT, said enhancement works began in June 2012 and were completed in June this year. The works involved decanting low-yielding spaces and converting levels one and two of the Suntec Singapore Convention & Exhibition Centre for...
Suntec City
The managers of Suntec City are optimistic that the mixed-use development will be well-positioned for its next phase of growth once it completes a makeover that will strengthen the fashion, entertainment and food & beverage offerings at its mall. This will create a better mix of tenants that will attract more foot traffic and help the development unlock new business value through higher rental income,...
The S$410 million remake of Suntec City is starting to take shape -- Phase 1 of the makeover was completed in June. Susan Sim, deputy CEO of ARA Trust Management (Suntec) Limited, said: "We are 100 per cent occupied on Phase 1, and most of the tenants have already started operations. Phase 2 as of June, we are 70 per cent pre-committed and we are on target for Phase 2, which is going to be ready by...
Suntec Real Estate Investment Trust (Suntec REIT) has announced a S$410 million asset enhancement initiative (AEI) for its flagship asset, Suntec City. The AEI is scheduled to start in mid-2012, and will comprise a S$230 million capital expenditure in remaking Suntec City Mall and a further S$180 million on Suntec Singapore International Convention and Exhibition Centre (Suntec Singapore). Suntec REIT...
THE closing of roads leading to the SingTel Singapore Grand Prix circuit has upset some shop and restaurant tenants at Suntec City and Marina Square. Many of the them told The Straits Times that business has nose-dived owing to the inconvenience following the road closure. Others blamed the slower economy. Several roads, such as Beach Road and Bras Basah Road, had sections closed since yesterday in...