Creative hub positioning and central location in Singapore’s Civic District combined to attract a diversified and quality tenant base
Singapore, 8 May 2019 – Funan has successfully leveraged its strategic location at the creative intersection of commerce, administration and heritage in Singapore’s Civic District to garner a strong interest for its twin office blocks. At the point of securing Temporary Occupation Permit (TOP) in April, Funan has secured a pre-leasing commitment of about 210,000 square feet (sq ft), representing about 98% of its total office net lettable area (NLA) of 214,000 sq ft. Owned by CapitaLand Mall Trust (CMT), Funan is managed by CapitaLand.
Mr Tony Tan, CEO of CapitaLand Mall Trust Management Limited, said: “The revamped Funan is designed as an open, inviting and energetic beating heart of Singapore’s Civic District that aims to encourage creativity and connection with a vibrant live-work-play paradigm. It caters to the new generation of professionals who prefer to work in a collaborative and inspiring environment, at a convenient location where they can unwind at the end of the day with a whole host of lifestyle amenities under one roof. We are heartened that Funan’s strong value proposition has been well-received by a variety of office tenants that equally thrive on innovation. With a high commitment of 98%, Funan’s diversified and quality office tenant base will progressively contribute earnings to CMT from 3Q 2019.”
Funan’s diversified office tenant profile comprises public agencies, multinational corporations and start-ups. The South Office Block, which has a total NLA of 95,600 sq ft, has been fully leased to three public agencies. They are the Attorney-General’s Chambers (AGC), Singapore Department of Statistics (DOS) and Smart Nation and Digital Government Office (SNDGO).
Over at the North Office Block, leading sporting goods company adidas will be moving in with its Southeast Asia office. Located in the same block is Adyen, a global payment platform company that works with many world-leading organisations, including retailers in Singapore.
Catering to enterprises, start-ups, entrepreneurs and creative professionals who are keen to be a part of Funan’s collaborative work community, WeWork will be operating a coworking space in the integrated development. WeWork’s space covers two floors in the North Office Block, as well as a part of Level 4, which is the prime connector space linking Funan’s two office blocks with its retail and serviced residence components.
Serving the needs of working parents, Funan’s North Office Block will house TREHAUS SCHOOL, a childcare centre and preschool that can accommodate over 100 children aged two months to six years; as well as TREHAUS CLUB, a family club that offers member families with access to an indoor playground café, themed play dates and enrichment programmes.
To use this feature, please click on "Cookie Preferences" in the footer and select "Yes" to consent to functional cookies
Funan's construction time-lapse
In support of the global car-lite movement, Funan is Singapore’s first commercial building to allow cycling through the building, complete with end-of-trip facilities for cycling enthusiasts that include lockers and shower facilities, as well as lifestyle bike store Brompton. Equipped with smart building technologies, Funan boasts facial recognition turnstiles and optional card-less entry into the office, as well as app-based booking of the facilities within the development.
To help working professionals achieve their health and fitness goals, Funan’s retail component will feature a prominent sports cluster. The True Group will launch its premium fitness club TFX at Funan, which is equipped with a 25-metre swimming pool. Funan also houses the largest indoor rock-climbing facility in the CBD and a futsal court. Entertainment facilities in Funan include a Golden Village cineplex and a 358-seat theatre operated by W!ld Rice.
Funan’s office tenants are slated to move in progressively from 2Q 2019.
“Like Adyen, Funan places innovation at the very heart of its business. Its first-to-market technologies, dynamic retail and lifestyle amenities meant that it was an easy decision to move the Adyen office to Singapore’s newest tech hub. We are looking forward to experiencing Funan’s interactive and inspirational working environment and welcoming staff and merchants to our new home.”
- Mr Warren Hayashi, President of Adyen, Asia-Pacific
“Part of the Attorney-General’s Chambers (AGC) will be relocated to Funan early next year. This is to accommodate the increased headcount in AGC that is needed to manage the increased demand for legal services in Government.”
- A spokesperson
“We are very excited to present a modern village built for the future family to work, learn and play together, under one roof, in line with our philosophy and mission to stay ‘Ahead of Change’.”
“Working parents now no longer have to choose between career and family with the launch of TREHAUS SCHOOL and TREHAUS CLUB. TREHAUS SCHOOL is a childcare and preschool that presents a holistic, future-forward approach, and Silicon Valley-inspired curriculum that focuses on building character and raising the next generation of changemakers. TREHAUS CLUB is our family club where members can benefit from, and access >2,000 sq ft of activities and facilities especially curated and created for every member of the modern family unit.”
“The central location of Funan further reinforces our mission to facilitate quality time between working parents and their children during the precious and formative early years of development.”
- Dr Elaine Kim, Co-Founder and CEO, TREHAUS
"As we are strengthening our presence across different key districts in Singapore, our upcoming location in Funan signifies our first foray of truly integrating lifestyle and work in the newly revamped mall. While continuing our commitment to accelerating innovation in today's future of work era, we are also confident that our community will also bring further traffic and upsides into the neighbourhood while enabling them to be in the heart of a creative nexus that supports their journey of growth."
- Mr Turochas "T" Fuad, Managing Director, WeWork Southeast Asia