1 – 5 Constitution Avenue Precinct Development

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

  • 28000

    Precinct NLA (sqm)

  • 2019

    Acquired off-market in April 2019

  • $ 90 m

    Full refurbishment in 2021/22

  • 3

    Commercial towers in the precinct

  • $ 2000

    Acquisition price per sqm

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