GuocoLand says Tanjong Pagar Centre retail space 70% filled

SINGAPORE (June 22): GuocoLand on Wednesday announced that 70% of retail space at Tanjong Pagar Centre has been taken up, ahead of the development’s scheduled completion in 3Q16.

GuocoLand said Tanjong Pagar Centre’s F&B and lifestyle space will be anchored by the world’s first Japan Rail Cafe, a tourism-themed café operated by Japan’s largest rail operator, East Japan Railway Company (JR EAST).

“JR EAST’s decision to open the first Japan Rail Cafe at Tanjong Pagar Centre demonstrates its confidence in the development’s high value potential due to its well-connected public spaces and key location on the public transit network,” GuocoLand said.

When it opens in the fourth quarter of 2016, Japan Rail Cafe will offer customers a quintessentially Japanese experience, including kawaii products and gourmet food, in-store workshops and pop-up displays on destinations in Japan, as well as travel itinerary recommendations for visiting Japan.

Japan Rail Cafe will also host Japanese-themed cultural events at Tanjong Pagar Centre’s urban park, and house an in-store ticket counter where visitors can purchase a variety of train passes.

“We want Tanjong Pagar Centre to be a major driver in transforming the district into a unique yet relevant lifestyle hotspot that offers a new dimension to the definition of the CBD district,” said Valerie Wong, General Manager (Commercial), GuocoLand Singapore.

Tanjong Pagar Centre is a large scale, integrated mixed-use project located above the Tanjong Pagar MRT station, and is set to become the tallest building in Singapore at 290 metres high.

“We are truly excited to be located at Tanjong Pagar Centre, a ‘Transit-Oriented Development’ that resonates fully with our business and what we do,” said Makoto Yamataka, General Manager of Japan Rail Cafe, Singapore.

“Singapore travellers are extremely experienced, adventurous and would influence travel trends,” he adds.

GuocoLand closed flat at S$1.85 on Wednesday. — theedgemarkets.com

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