Suntec City Completes $410 Million Remake

Suntec Real Estate Investment Trust’s (Suntec REIT) manager, ARA Trust Management (Suntec) Limited, has announced the official reopening of Suntec City following a $410 million enhancement.

Under the $410 million asset enhancement initiative (AEI), the remaking began in June 2012 and was completed in June 2015. This involved decanting low-yielding spaces and converting levels 1 and 2 of Suntec Singapore Convention & Exhibition Centre (Suntec Singapore) to retail use, increasing the retail footprint from approximately 855,000 sq ft to approximately 960,000 sq ft.

After a $180 million modernization programme in June 2013, Suntec Singapore has resumed its position at the forefront of the MICE industry and had since hosted over 1,200 events and welcomes more than 5 million visitors annually.

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