Seletar Mall More Than 90% Leased

retailproperty

Set to open in Nov, it will house Shaw Theatres, FairPrice Finest, Uniqlo, BHG

THE Seletar Mall, due to open in mid-November, has secured tenants for more than 90 per cent of its space, it was revealed at its topping out ceremony yesterday.

Other than the three previously announced anchor tenants - Shaw Theatres, NTUC Foodfare and FairPrice Finest supermarket - the family-oriented shopping mall will also be home to Uniqlo, BHG and Amore Fitness.

Located at the junction of Sengkang West Avenue and Fernvale Road, the four-storey mall with two basement retail levels has a gross floor area of 284,000 sq ft and a net lettable area of 188,000 sq ft.

It is a joint venture between Singapore Press Holdings (SPH) and United Engineers Developments Pte Ltd.

Officiating at the topping out ceremony yesterday, SPH chairman Lee Boon Yang said the mall project follows earlier retail property successes of the Paragon and The Clementi Mall.

"When Seletar Mall opens for business at the end of this year, it will cater to the needs of residents in the vicinity as a family-oriented shopping mall. We will provide a great retail mix and an enjoyable shopping experience."

The mall will have tuition and learning centres offering courses ranging from languages to art and music, which will serve the needs of the mostly young couples and parents with young children living in Sengkang, Hougang, Punggol, Seletar and Ang Mo Kio. These learning centres include Mavis Tutorial Centre, Mind Stretcher, Vienna Music School and Vienna Piano Company and Han Language Centre.

Popular Bookstore has committed to a 3,900 sq ft space while parenting product specialist Mothercare will take up 2,263 sq ft.

The mall offers child-friendly facilities such as nursery rooms, changing stations and an outdoor play area in its roof garden.

Earlier this year, the Building and Construction Authority awarded the mall the BCA Green Mark Gold Award for its environmentally-friendly features.

SPH and United Engineers Developments had in 2012 put in a top bid of $328 million for the site on which the mall stands.

The building's main contractor is Kajima Overseas Asia Pte Ltd. The project is expected to be added to the portfolio of SPH Reit, which now includes Paragon and The Clementi Mall.

The Business Times - July 29, 2014 By: Cheryl Tan