CapitaLand Limited has inked its first third-party mall management contract in Singapore with Singapore Post (SingPost) for its upcoming mall at the new SingPost Centre.

CapitaLand will oversee the pre-opening and retail management for the five-storey SingPost Centre mall. The scope of work will include overseeing the pre-opening of the mall, marketing and promotion activities, lease management and facilities management.

Located next to the Paya Lebar MRT interchange station, the mall has 269,000 sq ft of GFA and a net lettable area of about 175,000 sq ft. SingPost Centre is targeted to open in the second half of this year. It will house the new General Post Office, which combines traditional counter service with technology-enabled innovations such as POPStations and eSAM machines over a space measuring 3,330 sq ft. Other tenants at SingPost Centre include NTUC FairPrice, Golden Village and Kopitiam.