The new development will have a NLA of 635,000 sf of office space, 12,000 sf of ancillary retail, 299 rooms of serviced apartments and 44,000 of food centre.
SINGAPORE (July 14): CapitaLand Commercial Trust’s redevelopment plan for Golden Shoe Carpark though exciting in the long run, is expected to put pressure to near-term DPU, particularly after factoring in the recent sales of properties, says Religare.
CCT will embark on a JV with CapitaLand and Mitsubishi Estate (MEC) to redevelop GSCP. CCT and CL will each own a 45% stake in the JV while MEC will own a 10% stake.
