Guoco Midtown’s office tower obtains TOP, achieves 80% take-up rate
GuocoLand’s Guoco Midtown, the joined project throughout Beach front Road, has obtained its temporary occupation license (TOP). This turning point in the construction process signals that the 30-storey Quality An office tower is good to finish.
The office high rise has in addition accomplished a 80% pre-committed take-up fee, and numerous offers remain in innovative periods of negotiation. Protected as well as potential occupants extend numerous sectors including banking including finance, chemical, user labels, energy, maritime, expert companies, and also innovation.
“The phased finalization of Guoco Midtown will definitely grow our portfolio of investment buildings and even boost our repeating income. Like exactly how Guoco Tower transformed also uplifted Tanjong Pagar, Guoco Midtown are going to over time similarly do the same for the Beachfront Road-Bugis location,” claims Cheng Hsing Yao, CEO of GuocoLand.
Outstanding tenants include worldwide delivery business Pacific International Lines, Germany petrochemical firm BASF, Chinese Internet technology business NetEase Interactive Entertainment, along with Liechtenstein’s nonpublic financial institution VP Bank.
“As a proprietor, we find occupants as long-term partners as well as aim to uphold them in their transformation journey. The services at Guoco Midtown, consisting of the Network Center and our adaptable leasing idea, as well as the features concentrated on wellness and entertainment, are the results of our involvement with tenants as well as potential customers at Guoco Tower and Guoco Midtown,” states Valerie Wong, GuocoLand’s managing supervisor of investment management.
The entire Guoco Midtown project consists of the workplace tower, 3 retail clusters (Midtown Square, Midtown Market, and also Midtown Common), and 2 condos (Midtown Modern and also Midtown Bay).