A NEW business park development being built in Alexandra Road has already had 40 per cent of its space pre-leased, and could have another 15 per cent taken up soon.
HSBC Bank, Unilever, American Express (Amex) and business software provider SAP have all committed to occupying space at Mapletree Business City, said developer Mapletree Investments yesterday.
Together with several smaller tenants, who will provide amenities such as restaurants and cafes, the companies will take up 40 per cent of the development’s 1.73 million sq ft of net lettable space.
Mapletree is also ‘in advanced negotiations’ to lease out a further 15 per cent, which it expects to close soon, it said.
With the economic downturn forcing businesses to put a lid on their costs, it ‘is not surprising that there is a ready market for projects like the Mapletree Business City’, said Mrs Lim Hwee Hua, Minister in the Prime Minister’s Office and Second Minister for Finance and Transport.
Mrs Lim was the guest of honour at a tenants’ signing ceremony for Mapletree Business City yesterday. Continue reading
Lush Dream Home 