CapitaLand Group to operate from a single location at Capital Tower in 2015
- Decision made after strategic review; reinforces rationale of the
organisational changes made earlier this year - Group to operate as an integrated platform for resources to be leveraged and
optimised to enhance efficiency, economies of scale and shareholder returns
Singapore, 1 August 2013 – CapitaLand Limited (CapitaLand) announces that it will retain its corporate headquarters at Capital Tower and expand its presence there. The Group's strategic business units in Singapore will relocate to the Grade
In January 2013, the Group announced its realignment into four main businesses – CapitaLand Singapore, CapitaLand China, CapitaMalls Asia and The Ascott Limited – to sharpen its focus on key markets and further accelerate its growth potential. The Group will operate as an integrated platform at Capital Tower for resources to be leveraged and
Presently, CapitaLand operates from several locations in Singapore. They include Capital Tower, Robinson Point and AXA Tower which are in Singapore’s Central Business District, and Wilkie Edge on Wilkie Road.
He added: “The objective is to have the entire CapitaLand Group under one roof. This provides a
The Group’s business units in Singapore will relocate to Capital Tower progressively from 2014. The Group will occupy nine floors, a total of approximately 141,000 square feet (sq ft) of the 52-storey Grade
Capital Tower is owned by CapitaCommercial Trust, Singapore's first listed commercial real estate investment trust, and managed by CapitaLand. Located above the Tanjong Pagar MRT station, Capital Tower has a net lettable area of approximately 741,000 sq ft. There are retail outlets on the first and ninth
Towards the end of 2013, to maintain its
Capital Tower is marked by its outstanding architectural and green features. It has won numerous design and construction awards such as Green Mark Platinum Award, Water Efficient Building Award, Energy Efficient Building Award, Construction Excellence Award and Façade Design Excellence Merit Award (Office Category) from the Building and Construction Authority of Singapore, Singapore Institute of Landscape Architects and Singapore Institute of Architects. It has also won international awards like ASEAN Energy Awards and Fiabci Prix d'Excellence.