Wilkie Edge’s commercial space for sale

Wilkie Edge’s professional space on sale

CapitaLand Professional Trust can be putting retail and property at mixed-used development Wilkie Edge inside Selegie place up for sale.

The actual will be purchased through an reflection of interest training closing with Jan 21.

The space on the market includes a two-level retail mass and six to eight floors of prime-grade level of quality office space, along with a gross carpet area of regarding 215, 000 sq toes and world-wide-web lettable part of about 154, 000 sq ft.

Wilkie Edge, along with a 99-year leasehold starting 5 years ago, has a substantial occupancy charge – in close proximity to 100 % as for Oct thirty-one. Tenants incorporate local and multinational corporations.

The Straits Times comprehends an a sign price could well be $1, nine hundred per sq ft over the internet lettable place, which means about $293 million.

With stage 3 of the In town Line planned for end next year, Wilkie Edge will likely be easily attached to the Marina Fresh financial center.

Investors can easily consider entering some purchase enhancement attempts either to reposition the retail ingredient or enhance the retail lettable areas.

However, subject to relevant authorities’ agreement, Wilkie Borders can be subdivided into strata-titled retail and office sections for individual strata sale sometime soon.

Adapted by: The Straits Times, twenty December 2016

Categories: property news