General Announcement::Launch of office space at Vision Exchange for lease

Issuer & Securities

Issuer/ Manager
SIM LIAN GROUP LIMITED
Securities
SIM LIAN GROUP LIMITED - SG1J19886816 - S05
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-May-2016 17:21:21
Status
New
Announcement Sub Title
Launch of office space at Vision Exchange for lease
Announcement Reference
SG160503OTHRQ8KT
Submitted By (Co./ Ind. Name)
Kuik Sin Pin
Designation
Group CEO
Description (Please provide a detailed description of the event in the box below)
Sim Lian Group is pleased to announce that approximately 200,000 square feet of office space across the top eight floors at Vision Exchange will be launched for lease.

Located in the Jurong Lake District which consists of two complementary precincts - Jurong Gateway and Lakeside, Vision Exchange presents an attractive business address. It is a 25-storey development along Venture Avenue, with two levels of Food & Beverage (F&B) spaces and medical suites. The development is expected to obtain its Temporary Occupation Permit (T.O.P) in the first quarter of 2017. Vision Exchange is Sim Lian Group's first development primarily focused on commercial spaces.

Spanning approximately 25,000 square feet across each level, the 18th to 25th floors of Vision Exchange will cater to the needs of tenants seeking large office spaces with the minimum subdivision available starting from 2,000 square feet.

Vision Exchange is the only space available for tenants who require either or both large and contiguous floor configurations in Jurong Gateway which is set to become the biggest commercial hub outside the city centre. The development provides businesses with immense potential as well as flexibility in setting up innovative office designs and layouts as they seek to build a strong presence in this fast-growing area. The full height facade glazing will also offer tenants expansive views of the lush greenery around Jurong Lake and the distinctive Singapore skyline.

In addition, investors and businesses have the option of purchasing units within the development. More than 70 per cent of the 452 units released to date have been purchased by a mix of end-users and investors.

Please refer to the attached press release for more information.

Attachments

VisionExchangepressrelease20160503.pdf
Total size =240K