23 Jan '14, 5pm

The Arcade at Collyer Quay for sale at $900m | CommercialGuru Singapore | | #property #sgproperty #singapore #office

Jan 23, 2014 - CommercialGuru.com.sg E-mail to friend Bookmark & Share The 20-storey commercial development, The Arcade (pictured ), has been put up for sale by tender at a guide price of $900 million, Colliers International revealed. The Arcade, located at 11 Collyer Quay, currently sits on a 21,909 sq ft site that comes with a 999-year leasehold tenure. The site has a maximum allowable gross floor area is approximately 303,657 sq ft and the total existing strata area of about 157,325 sq ft. Zoned “commercial” under the 2008 Master Plan, the building comprises three levels of retail units, 16 levels of office space and a basement car park. According to Colliers, the site has not been fully maximized and there is "huge re-development potential.” Tang Wei Leng, Executive Director of Investment Services at Colliers International said: “This is a great and rare investment opp...

Full article: http://www.commercialguru.com.sg/property-management-news...

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