CapitaSpring, Singapore’s new 280-m-high landmark building, has achieved full height, with about 75% of the overall construction completed, announced CapitaLand today (19 Jan). Located in the central business district (CBD) area, the 51-storey integrated development is scheduled to receive its temporary occupation permit (TOP) in the second half of 2021.
The project is jointly owned by CapitaLand Limited, CapitaLand Integrated Commercial Trust (CICT) and Mitsubishi Estate Co Ltd (MEC). To date, about 38% of CapitaSpring’s 647,000 sq ft of net lettable area (NLA) have been committed, said CapitaLand. Including leases in advanced negotiations, the development is on track to achieve more than 60% commitments by completion.
“CapitaLand and our partners are pleased to achieve topping out for CapitaSpring. This construction milestone is made possible only with the support of the authorities and our staff, consultants, contractors, suppliers and migrant workforce,” said Tan Yew Chin, CEO of CapitaLand Singapore.
“CapitaSpring represents CapitaLand’s vision for the future of work with fully integrated core-flex solutions, tech-enabled frictionless user experience and community-centric programming. As Covid-19 changes the norms of work, the forward-looking features of CapitaSpring have strengthened the development’s value proposition as a flexible, sustainable and connected workplace ecosystem.”
“CapitaSpring will be the only premium Grade-A office development in CBD completing this year,” said Tony Tan, CEO of the manager of CICT. “Driven in part by the limited CBD office supply, CapitaSpring has attracted healthy interest from tenants and prospective tenants. To date, committed office tenants are mainly from the legal and banking & financial services sectors.
“We are encouraged by CapitaSpring’s leasing momentum, which reflects the market’s continued demand for quality workspace in a well-designed integrated development incorporating amenities and programming that promote workplace wellness and community engagement. We will continue to explore ways to enliven the CapitaSpring community and enhance its attractiveness, including bringing in retailers and restaurants with novel and complementary offerings.”
CapitaSpring has been designed to offer integrated workspace solutions that include a full range of hot desks, meeting facilities, private offices, large enterprise suites and bare shell leases. According to CapitaLand, this will enable the development to better support any new, flexible requirements of conventional office tenants as well as the expansion needs of small and medium enterprises in flex spaces.
In line with CapitaSpring’s core-flex model, about 68,700 sq ft (10%) of the development’s office NLA is set aside for flexible workspace. This is spread across three floors, one at each of the low-rise, mid-rise and high-rise sections of the building on Levels 21, 39 and 40 respectively, so that building occupants could have easy access to these flexible amenities, explained CapitaLand.
CapitaSpring will also be equipped with the latest WiFi 6 technology, plus various building features to safeguard the health and safety of its occupants and the community, added CapitaLand. Facial recognition access, contactless destination control system and pre-registration for guests via CapitaStar@Work all serve to minimise contact. Ultraviolet Germicidal Irradiation (UVGI) system and high-efficiency MERV-14 filters will be fitted on air handling units to improve indoor air quality and reduce airborne viruses.
What’s more, the developer said CapitaSpring will roll out a long-range wide area network (LoRaWAN) backbone network to enable fuss-free deployment of IoT sensors across the development. There will also be fully automated smart cleaning robots integrated with the lift system, allowing the robots to enter, exit turnstiles and transit between floors.
Click here to find out more details about the development.
Credit for images and video: CapitaLand
Note: The project has also been featured in the Jan/Feb 2020 issue of Southeast Asia Construction.