Guoco Midtown’s office tower obtains TOP, achieves 80% take-up rate

The whole Guoco Midtown plan consists of the office high rise, three retail industry clusters (Midtown Square, Midtown Market, and Midtown Common), along with 2 condos (Midtown Modern and Midtown Bay).

“The phased completion of Guoco Midtown will definitely grow our portfolio of financial investment buildings and even boost our reoccuring earnings. Like exactly how Guoco Tower improved also boosted Tanjong Pagar, Guoco Midtown may over time also perform the very same for the Beach Road-Bugis location,” claims Cheng Hsing Yao, Chief Executive Officer of GuocoLand.

“As a property manager, we find renters as long-term associates and strive to uphold them in their transformation course. The offerings at Guoco Midtown, including the Network Center including our adaptable leasing concept, as well as the amenities emphasised on health and even recreation, are the effects of our engagement with lessees and leads at Guoco Tower together with Guoco Midtown,” claims Valerie Wong, GuocoLand’s handling director of asset management.

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GuocoLand’s Guoco Midtown, the incorporated project throughout Beach front Road, has gotten its temporary work permit (TOP). This turning point in the development system signs that the 30-storey Grade An office high rise is close to completion.

Important lessees consist of global freight company Pacific International Lines, Germany petrochemical firm BASF, Chinese Internet technology company NetEase Interactive Entertainment, and even Liechtenstein’s private financial institution VP Banking.

The workplace tower has actually in addition achieved a 80% pre-committed take-up fee, and a number of offers remain in innovative periods of negotiation. Safe and possible lessees extend various industries including banking and finance, chemical, user brands, energy, nautical, expert companies, and innovation.

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