SPH – BT

The Clementi Mall is fully leased

THE Clementi Mall, in which Singapore Press Holdings has a 60 per cent stake, is fully leased ahead of project completion – with about half of its tenants opening for business today and the remaining tenants following soon after.

All the shops at Basement 1 and Level 1, including anchor tenant FairPrice Finest, have been open for business since January, after the six-storey retail development in Clementi town centre obtained its first temporary occupancy permit.

Anchor tenants BHG and Foodfare foodcourt will open their doors today and tomorrow respectively. Other anchor tenants, such as Best Denki and Popular Bookstore, will open in mid-April.

Clementi Public Library is scheduled to open on April 23.

The bridge which links the mall directly to the Clementi MRT station on Level 3 will open to the public today, allowing shoppers access via the station during trading hours.

Fashion and accessories labels such as Charles & Keith, Cache Cache, Cotton On, Denizen, Giordano, Skechers and Samuel & Kevin can be found on Level 3.

Lifestyle, sports and electrical shops such as Aussino, Arena, Challenger and World Of Sports will be on Level 4.

Family and kids brands such as Chateau De Sable, Kiddy Palace and Mini Princess will be on Level 5. The Clementi public library and Popular Bookstore will also be located on this level.

The development, owned by CM Domain, has about 190,000 square feet of retail space, including a basement shopping level and a basement carpark with about 160 parking lots.

CM Domain, in which SPH owns a 60 per cent stake through subsidiary Times Properties, won the tender for the 99-year leasehold property with its bid price of $541.9 million in November 2009.

The other joint owners of CM Domain are NTUC Income Insurance Co-operative Limited (20 per cent) and NTUC FairPrice Co-operative Limited (20 per cent).


 

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