Compass One reopens on Sept 1

By Tan Chee Yuen / M&G Real Estate | August 31, 2016 8:00 PM SGT
Compass One, formerly known as Compass Point mall, located in Sengkang, will reopen on September 1. The mall was closed in October 2015 for a major upgrading exercise.
M&G Real Estate, a fund owned by insurance giant Prudential, says Compass One will reopen with 95% of its retail space taken up. According to M&G, the mall will feature a wider range of shops and services, including more than 50 new retailers. At least 80% of the tenants were expected to operate from day one of its reopening. The upgrading works include improved access from the MRT station and more convenient passages between levels.
In December 2015, Frasers Centrepoint sold its 18.99% stake in the mall to its joint-venture partner M&G Real Estate for $19.6 million. M&G Real Estate, which had owned a majority stake since 2002, took full ownership of the mall in February 2016.