CapitaLand will commence operation on April 1, 2020. The award has an initial tenancy term of three years, after which may be renewed for a further two tenancy terms of three years each, and a final tenancy term not extending beyond March 30, 2030.
SINGAPORE (Jan 17): CapitaLand said that it has won the joint tender by the Singapore Land Authority (SLA), Singapore Tourism Board (STB) and Urban Redevelopment Authority (URA) to appoint a single operator for the integrated management of Bugis Village and Bugis Street.
The integrated management has a proposed retail net lettable area (NLA) of about 195,000 sq ft.
