* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

TE Capital, LaSalle, Metro in Due Diligence for Sale of First Units in Orchard Area Project

July 11, 2024
in Technology
TE Capital, LaSalle, Metro in Due Diligence for Sale of First Units in Orchard Area Project
Share on FacebookShare on Twitter

Visioncrest Commercial_External_Still_E02.tif

Visioncrest Commercial is part of the rejuvenation of the Orchard area

TE Capital Partners, LaSalle Investment Management and Metro Holdings Limited (as a capital partner of the TE Capital-managed vehicle), are closing in on the first sales of units in their Visioncrest Orchard, a commercial project in the heart of Singapore’s Orchard Road precinct with a combined office and retail strata area of 154,711 sqft (14,373 sqm). TE Capital is the operating partner for Visioncrest Orchard.

A 14,725 square foot (1,368 square metre) office floor of the property, as well as retail units spanning 1,388 square feet, are currently under exclusive due diligence, after the company began conducting VIP previews of Visioncrest Orchard in June.

TE Capital and LaSalle attribute demand for the 11-storey freehold office block to the growing allure of the Orchard submarket, substantial enhancements to the property and the limited availability of high-quality, high-specification freehold offices in the area.

With the first units in the Penang Road asset now in exclusive negotiations, the partners are officially launching sales of Visioncrest Orchard, with the 14,725 square foot sixth floor now available at $3,980 per square foot and the 14,844 square foot ninth level being offered at $4,130 per square foot.

High Spec on the Park

Located facing a green space which separates Penang Road from Orchard Road, Visioncrest Orchard and offers easy walking access to Dhoby Ghaut and Somerset MRT stations, which are served by the North-South, North East and Circle lines. The Central Expressway (CTE) and Pan Island Expressway (PIE) are also accessible within a few minutes’ drive.

Visioncrest CommercialSituated just over 400 metres (437 yards) from Plaza Singapura and within 550 metres from 313@Somerset, Visioncrest Orchard fits into the neighbourhood’s vibrant retail scene while also providing proximity to the core financial district. The property is close to the exclusive Oxley enclave and the Istana, the official residence and office of the president of Singapore, providing a coveted address which combines prestige with cultural and historical significance.

The LEED Gold-certified property is designed to leverage its location advantages with office space benefiting from a solar-protected, full-glass facade providing views of the expansive green space in front of the property. The building’s 4.3 metre floor-to-floor ceiling heights also help to attract prestige tenants, while its approximately 14,500 square foot floorplates provide ample room for flexible planning and customisation, while a generous provision of 135 onsite parking lots offer convenience for occupiers.

As part of an asset enhancement initiative, Visioncrest Orchard occupiers can benefit from smart fittings that offer user-friendly building access via dedicated apps, as well as enhanced security through biometric features such as facial recognition.

The property also provides tenants and owners with access to amenities in Visioncrest Residential, which include a swimming pool, fully equipped gym and tennis court among other facilities.

The sales launch for Visioncrest Orchard comes shortly after TE Capital and LaSalle sold out their first joint venture, Solitaire on Cecil, a commercial project in Singapore’s central business district which has become a landmark in the area.

CBRE, ERA, JLL, Knight Frank, PropNex and Savills have been appointed as agents for Visioncrest Orchard, with a showflat having been established to provide a private preview of the finished space.

Aligned with Government Plans for Orchard

Singapore’s URA has plans to revitalise the Orchard precinct, beginning with rejuvenation of a stretch of the famous commercial area bordering Penang Road to the Istana and beyond, which encompasses Visioncrest Orchard.

Visioncrest CommercialStarting in 2025, the Dhoby Ghaut area will be transformed, including the pedestrianization of a 500 metre segment of Orchard Road from Buyong Road to Handy Road. At the same time, Istana Park, which currently spans 1.3 hectares (3.2 acres), will be expanded to approximately three times its current size through integration with existing park areas including Dhoby Ghaut Green and the Penang Road Open Space.

Under the plan, traffic from the newly pedestrianized segment of Orchard Road, currently Road, currently a one-way street with five lanes, will be rerouted to Penang Road, which will be converted into a two-way street, enhancing access to Visioncrest Orchard. Aligned with Singapore’s commitment to sustainable transportation and promotion of healthy lifestyles, Visioncrest Orchard will feature comprehensive end-of-trip facilities, including bicycle parking and electric vehicle chargers.

The Evolution of the Orchard Submarket

The Orchard area is poised for significant redevelopment as outlined in the Strategic Development Incentive (SDI) scheme, introduced by the government in 2019 to spark revitalization of older developments in strategic locations in the city-state. This initiative has already triggered the redevelopment of major projects in the Orchard precinct by offering developers broadened urban planning parametres such as increased building heights, expanded gross floor area, and more flexible land use permissions.

Visioncrest CommercialAmong the redevelopment projects already announced in the area are Hotel Properties Limited’s planned transformation of Forum The Shopping Mall, Voco Orchard Singapore hotel, The Cathay and HPL House into a dynamic mixed-use development, which has already won provisional approval from the URA.

Also in the area, UOL is redeveloping the Faber House commercial complex into a 250-key hotel, while the government is converting the Grange Road carpark into a multi-purpose event space featuring cinemas and hawker stalls. Recent sales of the Tanglin Shopping Centre, Ming Arcade, and Delfi Orchard are also seen setting the stage for new projects in the Orchard area.

This surge of activity is viewed by analysts as boosting the appeal of the Orchard Road area for both visitors and locals, while helping to ensure long-term demand for assets in the area and enhancing capital values.

Strata Grows Scarce

According to Cushman & Wakefield, the Orchard area now faces a shortage of Grade A office stock, with only around 49 percent of its total office inventory classified as Grade A. This scarcity of space, particularly of high specification properties with large floorplates like Visioncrest Orchard, has driven Grade A office occupancy in the submarket to 97.6 percent, currently the lowest in Singapore, according to Savills.

With properties in the Orchard area continuing to be closely held, the only new office supply forthcoming in the submarket is expected to begin arriving in 2028 with the redevelopment of the Comcentre tower. However, 30 percent of that project is already pre-committed to Singtel, with new space available on the initial opening date expected to be limited.

In the strata title market, supply is still tighter following the URA’s move in March 2022 to prohibit the issuance of new permits for strata subdivision of commercial buildings in Orchard and the central business district, including redevelopment proposals under the SDI scheme.

This cut-off of new supply comes as more high net-worth investors target purchases of strata space, with Solitaire on Cecil having achieved record high prices for office projects in Singapore. With smaller scale office properties gaining favour with investors, in 2023 the average price of strata-titled offices sold increased 14.7 percent from a year earlier, with S$1.2 billion in assets changing hands in the segment.

The ongoing interest in the city-state’s strata office market is consistent with recent research by CBRE, which expects strata offices in Singapore to continue to outperform due to regulations restricting subdivision of commercial space.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/sponsored/te-capital-lasalle-metro-near-first-sales-in-visioncrest-orchard/

Tags: CapitalLaSalletechnology
Previous Post

Tang Family Completes Manager Buyout, Becomes Sponsor of ARA US Hospitality Trust

Next Post

Singapore’s Temasek Boosts Portfolio Value by 1.8% to $288B on US, India Strength

Restoration cannot be scaled up globally to save reefs from loss and degradation – Nature

Reviving Our Reefs: The Challenge of Scaling Up Restoration Efforts Globally

June 2, 2025
Attorney General Bonta Sues to Stop Termination, Withholding of National Science Foundation Grants – State of California – Department of Justice (.gov)

Attorney General Bonta Takes Action to Protect National Science Foundation Grants

June 2, 2025
Exclusive: US veterans agency orders scientists not to publish in journals without clearance – The Guardian

US Veterans Agency Imposes New Restrictions on Scientific Publishing

June 2, 2025
Upper Allen Township launches new initiative to encourage a more active lifestyle – fox43.com

Upper Allen Township launches new initiative to encourage a more active lifestyle – fox43.com

June 2, 2025
Lionel Messi rejoins Argentina for two World Cup qualifiers before Club World Cup – USA Today

Lionel Messi rejoins Argentina for two World Cup qualifiers before Club World Cup – USA Today

June 2, 2025
Jobs Report Could Be Early Sign of Tariffs Cost – U.S. News & World Report

Jobs Report Could Be Early Sign of Tariffs Cost – U.S. News & World Report

June 2, 2025
Mark Tremonti Headlines Belmont Stakes Day Entertainment – Thoroughbred Daily News

Mark Tremonti Takes Center Stage at Belmont Stakes Day Celebration!

June 2, 2025
Black Book Research: Health Plans Double Down on AI-Powered Fraud and Claims Integrity Solutions Amid Rising Audit Pressures – Newswire :) Press Release Distribution

Health Plans Embrace AI to Combat Fraud and Enhance Claims Integrity Amid Growing Audit Challenges

June 2, 2025
Opinion | The Politics and Perils of Pornography – The New York Times

Navigating the Complex Landscape of Pornography: Politics, Perils, and Perspectives

June 2, 2025
Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

Men Charged with Illegally Exporting U.S. Military Technology to China

June 2, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (660)
  • Economy (674)
  • Entertainment (21,580)
  • General (15,257)
  • Health (9,717)
  • Lifestyle (677)
  • News (22,149)
  • People (676)
  • Politics (683)
  • Science (15,895)
  • Sports (21,179)
  • Technology (15,661)
  • World (662)

Recent News

Restoration cannot be scaled up globally to save reefs from loss and degradation – Nature

Reviving Our Reefs: The Challenge of Scaling Up Restoration Efforts Globally

June 2, 2025
Attorney General Bonta Sues to Stop Termination, Withholding of National Science Foundation Grants – State of California – Department of Justice (.gov)

Attorney General Bonta Takes Action to Protect National Science Foundation Grants

June 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version