
Wheelock reinvents struggling Scotts Square mall with posh new tenants
It will welcome more F&B and fashion house names.
Wheelock is undergoing a re-tenanting exercise at its struggling Scotts Square retail mall, as the shopping centre continues to grapple with dwindling rents and lower occupancy rates.
According to OCBC, the mall will welcome several new F&B and fashion-house names such as London Fat Duck, Time & Flow, Alexander McQueen, Delvaux, and the
Pedder Group as its management attempts to rejuvenate the mall going into the new leasing cycle.
“We understand that extensive advertising and promotion programs are in store for FY15 to improve foot traffic for Wheelock’s retail mall, which has faced headwinds since its opening given its unique positioning as a smaller high-end boutique mall beside larger neighbors with more F&B and retail options,” stated OCBC.