CapitaGreen to hit 85% occupancy rate by 1Q15

Apple will probably take up five floors of office space.

CapitaCommercial Trust is up for a good quarter, as more technology companies switch to Grade A office space.

According to OSK-DMG, Apple Inc. is reported to have signed a lease for two floors in CapitaGreen (spanning a total of 35,000 sq ft) at approximately SGD11-12psf/mth. In addition, the technology giant is said to have the option to take up another three adjoining floors in the building.

In-line with analyst expectation within the office sector, OSK-DMG is seeing increasing number of Technology, Media and Telecoms (TMT) companies making the shift to Grade A office spaces. CapitaCommercial Trust is able to attract quality tenant such as Apple, which is also the world’s largest company by market cap size.

With increasing technology companies seeking for Grade A office space, analysts think that CapitaGreen can hit at least 85% occupancy rate by 1Q15, with average rentals signed at SGD11-12 psf/month. OSK-DMG also foresees CCT to acquire the remaining 60% stake of CapitaGreen in due course, providing a catalyst to CCT.

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit