CLD and CICT-backed CapitaSpring completes construction with 93% in leasing commitment

Included in the property is over 673,000 square feet of workspace and retail area.

CapitaSpring, a skyscraper jointly owned by CapitaLand Development (CLD), CapitaLand Integrated Commercial Trust, and Mitsubishi Estate Co., Ltd, was announced to reach a leasing commitment of 93% as it marked its completion. 

93% of the property’s 673,000 square feet (sq ft) of workspace and the retail net lettable area has been committed, with tenants moving in since the fourth quarter of 2021.

The 280-metre-tall skyscraper is the only Grade A office development in Singapore’s Raffles CBD to be completed in 2021. CapitaSpring is also a recipient of the  Building and Construction Authority (BCA) Green Mark Platinum Award and the BCA Universal Design Mark Gold Award.

Included in the building is a total landscape area of more than 90,000 sq ft. The Lion City’s tallest sky observatory deck at 280 meters above ground can also be found in the property. An urban farm can also be seen, with five different themed gardens being seen. 

Citadines Raffles Place Singapore will also open as the new flagship for Citadines Apart’hotel, managed by the Ascott Limited. Market Street Hawker Centre will also be seen on levels 2 and 3, and is scheduled to open in April 2022 with 56 stalls. 

10% of CapitaSpring’s office space, or more than 69,100 is dedicated to flexible workspaces.

“CLD and our partners are delighted to mark the completion of CapitaSpring, a biophilic skyscraper that represents CapitaLand’s vision to build a greener and sustainable future as laid out in our 2030 Sustainability Master Plan. From Funan in the Civic District to CanningHill Piers along Singapore River, CapitaLand has been playing a key role in injecting holistic work-live-play elements to activate precincts and rejuvenate Singapore’s city centre to keep up with evolving lifestyle trends,” said Tan Yew Chin, CEO, CLD (Singapore). 

The structure is also the first integrated development in Singapore to have prefabricated mechanical, electrical and plumbing systems for its common corridors, plant rooms and risers. Estimated productivity savings from these range from 43% to 54% for each of these construction modules.