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SG CapitaLand to move all operations to Capital Tower

Property Here - Friday, August 02, 2013

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Property giant CapitaLand will centralise all its business units at Capital Tower (pictured) by 2015.

Located above Tanjong Pagar MRT station, the building has a net lettable area of approximately 741,000 sq ft.

Previously, the group had plans to move its operations to Westgate Tower in Jurong by 2015, while retaining a city office at Capital Tower.

CapitaLand will grow its presence at the 52-storey Grade A office tower in phases from 2014 to 2015, occupying nine floors or around 141,000 sq ft.

The move supports the recent realignment of the company’s main businesses – CapitaLand Singapore, CapitaLand China, CapitaMalls Asia and The Ascott Limited.

“The objective is to have the entire CapitaLand Group under one roof. This provides a centralised destination for 'work, live and play' to integrate the Group as one organisation. Capital Tower will offer a holistic and productive workplace to enhance staff interaction and a sense of belonging for our Singapore-based colleagues,” said Lim Ming Yan, President and Group CEO of CapitaLand.

Aside from Capital Tower, the company currently operates in other locations including Robinson Point, AXA Tower and Wilkie Edge.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@allproperty.com.sg