Opened in 1991 it is a five-storey mall with 961281 square feet of retail space. 313somerset is one of the first major retail developments undertaken by Lendlease in Asia and delivered through its fully integrated property business model of which Lendlease provides investment management development project.
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Besides retail stores it also houses offices and warehouses for storage which is advantageous in terms of cost efficiency to some retailers.
313 somerset capitaland mall. It opened its doors in January 1984 as the first big mall along River Valley Road. Modern multi-floor mall offering a range of familiar international retailers with dining options. AMK Hub Orchard Central Junction 8 VivoCity Esplanade Xchange Bugis Bugis Junction 100AM 313 Somerset Places visited within the shopping malls include.
As a long-term partner of Raffles City we are relocating to new premises within the mall and details will be shared in due course. The 11 malls are Plaza Singapura Jem Waterway Point PLQ Mall Fusionopolis 313Somerset VivoCity Westgate Funan JCube and Parkway Parade. Our friendly concierge ambassadors can be contacted at 6496 9313.
Situated right above Somerset MRT station 313 is a great place to kick off your Orchard Road pilgrimage. The mixed-use complex featured Somerset Residences and hotel Novotel Clarke Quay. The Experience Lab and digital doors are available across 11 malls from Oct 28 to Dec 19 in staggered periods.
IMM is now Singapores largest outlet mall with more than 90 outlet stores offering up to 80 discount all year round. CapitaLand Integrated Commercial Trust formerly CapitaLand Commercial Trust now merged with CapitaLand Mall Trust Singapore Germany Asia Square Tower 2 CapitaGreen-Capital Tower. In the meantime Marks Spencer Raffles City store will be celebrating the year-end festivities with a series of attractive promotions and sales from now till the last day of operation in Raffles City on 31 December 2021.
Completed in late 1983 as Katong Peoples. Outlet stores were introduced to extend everyday savings and value to shoppers. Through a joint release City Development CDL and CapitaLand introduced the access of Ascott Residence Trust Ascott Reit into the consortium so one can broaden Canninghill Piers anticipated to be finished in 2024.
313 is home to the biggest Forever 21 in town which spans several levels. This new launch is launching in 2H 2021 The commercial of the integrated development are connected to Clarke Quay giving residents the convenience of FB and retail. I12 Katong formerly Katong Mall and Katong Peoples Complex also commonly known as 112 Katong is a seven-storey shopping mall in the east of Singapore located at the intersection of East Coast Road and Joo Chiat RoadThe mall is currently closed for renovations since March 2020 and will reopen in late 2021.
Some of the outlet stores include adidas agnès b Calvin Klein Jeans Club 21 COACH Cole Haan Converse ECCO FitFlop Furla G-SHOCK. When operating inside a shopping mall tenants are required to submit daily sales to the shopping mall or the mall appointed agents for GTO G ross T urn O ver rentalAs this is a term and condition stated in the tenancy agreement the tenant will need to stay compliant to avoid penalty fees or paying POS sales rental based on estimation usually significantly higher. The mall has capacity for 235 retail.
The International Merchandising Mart Mall is an outlet mall owned by CapitaLand Mall Trust located in Jurong East Singapore. Monday to Friday 10AM 10PM. Located beside Orchard Road district the shopping hub of Singapore Somerset is filled with shopping Malls hotels posh condominiums and other commercial enterprises.
313Somerset and commercial property. A partnership between Daimaru Inc and Wuthelam Group developed Liang Court. 313somerset Concierge Centre is located on Basement 1 and is open Sunday - Thursday 10am-10pm Friday and Saturday 10am-11pm with the exception of Discovery Walk 10am-12 midnight.
Canninghill Piers is just across Fort Canning MRT and is located in an exclusive enclave. It is situated in the neighbourhood of Singapore River Clarke Quay and River Valley Road. Places within nine shopping malls.
The former development on the site comprises Novotel hotel Liang Court Mall and Somerset Liang Courts serviced residences. Through a joint release City Development CDL and CapitaLand announced the entry of Ascott Residence Trust Ascott Reit into the consortium that will develop Canninghill Square expected to be completed in 2024. Specialists Shopping Centre one of Singapores oldest shopping centres is located in Somerset as is Centrepoint Mall.
Capitaland Mall Trust and Capitaland Commercial Trust. The mall was valued at a capitalisation rate of. Lendlease Global Commercial REIT owns 2 properties 313 Somerset in Singapore and Sky Complex a freehold office complex in Milan Italy with 313 Somerset having 715 of the IPO Portfolio.
313somerset 313 Orchard Road Singapore 238895 - Getting there Operating Hours. While we believe that Lendlease REITs 313Somerset retail asset in Singapore will not be spared from the challenges caused by COVID-19 we are of the view that the asset is in a better position compared with other retail malls on Orchard Road due to its lower rental rate strategic location which connects directly to the Somerset MRT station and its lower reliance. The eight-storey shopping mall is linked to the Somerset MRT Station as well as to two adjacent malls namely Orchard Gateway and Orchard Central.
CapitaLand Group CapitaLand is one of Asias largest diversified real estate groups. Headquartered in Singapore CapitaLands portfolio spans across diversified real estate classes which include integrated developments retail office lodging residential and new economy sectors such as business parks industrial logistics and data centres. From here you can continue checking out the rest of Singapores famous shopping district by strolling down towards Orchard MRT station.
The former improvement at the web web page contains Novotel resort Liang Court Mall and Somerset Liang Courts serviced houses. Nine prime freehold and Trophy or Class A quality office properties located in. Please check with our Customer Service Counters Concierges of participating malls for more details.
Although the REIT only has 2 properties under its management this has turned out to be a blessing since losses from 313 Somerset can be partially offset by the stability provided by Sky Italia. We use cookies to ensure that we give you the best experience on our website. Lendlease Global Commercial REIT has also recently acquired a 5 stake in Jem a shopping mall in Jurong East Singapore.
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