CapitaLand JV breaks ground on Golden Shoe Car Park redevelopment

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/ EdgeProp
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February 12, 2018 6:42 PM SGT
On Feb 9, Singapore property giant CapitaLand and its joint venture partners, CapitaLand Commercial Trust (CCT) and Japanese developer Mitsubishi Estate Co. held the ground-breaking ceremony for the redevelopment of the Golden Shoe Car Park in Raffles Place. CapitaLand and CCT each hold a 45% stake in the joint venture, with Mitsubishi Estate holding the remaining 10%.
CapitaLand announced that it will convert part of Market Street into a 12,500 sq ft public park that will be integrated with an atrium named City Room, with spaces for community events.
The 51-storey Golden Shoe Car Park redevelopment will have a total gross floor area of more than 1 million sq ft when it’s completed in 1H2021. It will have 29 floors of Grade-A office space, 291-unit serviced residences branded Citadines, 12,000 sq ft of retail space and the revamped Market Street Food Centre.
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(From left to right) Mr Kevin Chee, CEO, CapitaLand Commercial Trust Management Limited, Ms Lynette Leong, CEO, CapitaLand Commercial Management Pte Ltd, Mr Bjarke Ingels, Principal, Bjarke Ingels Group, Mr Lim Ming Yan, President & Group CEO, CapitaLand Limited, Mr Ng Kee Choe, Chairman, CapitaLand Limited, Mr Lawrence Wong, Minister for National Development and Second Minister for Finance, Mr Soo Kok Leng, Chairman, CapitaLand Commercial Trust Management Limited, Mr Shojiro Kojima, Managing Director, Mitsubishi Estate Asia, Mr Ronald Tay, CEO, CapitaLand Singapore Limited at the groundbreaking ceremony for the redevelopment of Golden Shoe Car Park
Groundbreaking ceremony for the redevelopment of 88 Market Street, which was graced by Minister for National Development Lawrence Wong (fourth from right) (Credit: CapitaLand)
Market Street partially converted into a 12,500-sq-ft public park
Market Street will be partially transformed into a 12,500 sq ft public park (Credit: CapitaLand)