02 Jun '11, 3am

CapitaLand to build 25-storey, S$1.5b retail and office property on their newly-acquired site in Jurong Gateway

SINGAPORE - Property group CapitaLand and two of its subsidiaries, CapitaMalls Asia and CapitaMall Trust Management, will build a S$1.5 billion retail and office property on their newly-acquired land site in Jurong Gateway. They say the 25-storey property will complement offerings from their nearby malls IMM and JCube. The firms say the property's retail and office components will ride on retail rental growth as well as the development of the surrounding Jurong Lake District. The 960,000 sq ft retail and office property is being developed right beside Jurong East MRT Station. The shopping mall component of the property will be five-storeys high and it is expected to open by December 2013. The mixed-use property lies between IMM Building and JCube, which are also developed by CapitaLand's retail and trust units. It will have 575,000 sq ft of retail space and 383,000 sq ft o...

Full article: http://www.todayonline.com/Business/EDC110602-0000077/Cap...

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