Central Village occupies an entire island block in the coveted precinct that fronts London Circuit and Constitution Avenue. We identified and negotiated an undervalued asset that we purchased at circa $2,000/sqm NLA off-market. Our placemaking strategy involved transforming three office buildings into a mixed-use precinct with a central courtyard.
Naming the precinct Central Village played a key role in the placemaking strategy, and the ‘village’ is now a thriving ecosystem home to businesses and government bodies. We bought the asset below replacement cost and delivered a high quality, adaptive re-use and leasing outcome. Our partner for this project is one of Singapore’s strongest value-add funds.
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$
62
m
Acquisition price
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28000
Precinct NLA (sqm)
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2019
Acquired off-market in April 2019
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$
90
m
Full refurbishment in 2021/22
-
3
Commercial towers in the precinct
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$
2000
Acquisition price per sqm
