by Cheryl Tay
CapitaLand is mulling a transfer from the city to its Westgate Tower in the Jurong Lake District, although it has yet to reach a final decision, said a company spokesman.
The 20-storey Westgate Tower has a net lettable area (NLA) of 315,000 sq ft with column-free floor plates of about 17,000 sq ft and is scheduled for completion by end-2014.
"There are synergies to be reaped from CapitaLand Group's strategic business units to be under one roof or located near each other. We continually evaluate office space availability as well as operational aspects to see what makes the best business sense for the group. Currently, no decision has been made," said the spokesman.
Presently, the developer's headquarters are at Capital Tower near Tanjong Pagar MRT Station, while its staff is stationed at Robinson Point and AXA Tower at 8 Shenton Way.
Additionally, the group also operates out of Wilkie Edge in the Selegie area and in the CapitaLand Institute of Management and Business at Sentosa, as well as the Ascott Centre for Excellence at Anthony Road.
Both Wilkie Edge and Capital Tower are owned by CapitaCommercial Trust (CCT).
Westgate Tower is part of the Westgate mixed development (pictured). Developed by CapitaLand, CapitaMalls Asia and CapitaMall Trust, the project also includes a 426,000 sq ft mall. Jones Lang LaSalle (JLL) is the property's sole leasing agent.
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