93% Of CapitaSpring’s NLA Leased
SINGAPORE – In terms of 673,000 sq ft of its net lettable area (NLA), about 93 percent of the office space and retail premises in CapitaSpring has been committed, reported The Edge on Monday evening (14 February, SGT).
Notably, the 51-storey mixed-use project was recently completed and it obtained its temporary occupation permit (TOP) during the end of 2021. Its owners are Mitsubishi Estate Co., CapitaLand Development (CLD, and CapitaLand Integrated Commercial Trust (CICT).
“CLD and our partners are delighted to mark the completion of CapitaSpring, a biophilic skyscraper that represents CapitaLand’s vision to build a greener and sustainable future as laid out in our 2030 Sustainability Master Plan,” said CLD’s Chief Executive Tan Yew Chin.
Lessees began moving into the building from the fourth quarter of 2021. Tenants include multinational corporations (MNCs), such as JLL, JERA Asia, JP Morgan, White & Case, Saxo Markets, Squarepoint Capital, Wyndham Hotels & Resorts, and Sumitomo Mitsui Banking Corporation.
“The positive market reception for CapitaSpring reinforces our confidence that offices continue to remain an integral part of companies’ workplace strategies,” added Tony Tan, Chief Executive of CICT’s manager.
Moreover, CapitaSpring bagged the Green Mark Platinum Award and the Universal Design Mark GoldPLUS Award from Singapore’s Building and Construction Authority (BCA). It was designed by Bjarke Ingels Group in partnership with Carlo Ratti Associati,
The commercial property’s distinct features include a botanical promenade on levels 17 to 20 called Green Oasis that offers various work-live-play amenities. CapitaSpring also features a Sky Garden located on the 51st level. There you will find the tallest publicly accessible observatory deck and urban farm in Singapore and it will open to the public from the second quarter of this year.