Funan secures 98% of prelease commitment for twin office towers

By
/ EdgeProp
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May 9, 2019 2:25 PM SGT
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The Funan integrated development has a total gross floor area of 887,000 sq ft (Credit: CapitaLand)
Funan has secured a 98% pre-leasing commitment for its twin office blocks, which is about 210,000 sq ft out of its total net lettable area (NLA) of 214,000 sq ft.
Funan’s office tenant profile comprises public agencies, multinational corporations and start-ups. They are scheduled to move in starting from 2Q2019.
The Attorney-General’s Chambers, Singapore Department of Statistics and Smart Nation and Digital Government Office will occupy the South Office Block, which has a total NLA of 95,600 sq ft.
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Sporting goods company adidas will move its Southeast Asia office to the North Office Block. Also occupying the same block will be Ayden, a global payment platform company; Trehaus School, a childcare centre and preschool which can accommodate over 100 children; as well as Trehaus Club, a family club that offers access to an indoor playground café, themed play dates and enrichment programmes.
WeWork will also be operating a co-working space at Funan, taking up two floors in the North Office Block, as well as a part of Level 4, which is the connector space linking Funan’s two office blocks with its retail and serviced residence components.
The Funan integrated development has a total gross floor area of 887,000 sq ft. Its retail component includes a 25-metre swimming pool, by fitness club TFX. There will also be an indoor rock-climbing facility and a futsal court.
Entertainment facilities include a Golden Village cineplex and a 358-seat theatre operated by W!ld Rice.
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Funan’s office and retail components are due to open in 2Q2019, and the serviced residence in 4Q2019.