CapitaLand Secures 76% Commitment for Net Lettable Area, Lynden Woods CDL Joins Advanced Negotiations for Remaining 19%
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According to him, the SSP community can anticipate a well-rounded atmosphere for work, live, and play, enhanced by retail and lifestyle amenities and our ongoing placemaking efforts. Lynden Woods CDL will be a valuable addition to this thriving community.
Lynden Woods, spanning across 1.2 million square feet, is a Grade A office tower that boasts state-of-the-art infrastructure and premium amenities. The development is strategically situated in the bustling Central Business District, making it a desirable location for businesses and professionals alike. With its prime location and top-notch facilities, it comes as no surprise that Lynden Woods has garnered such high demand.
This real estate property covers an extensive 1.25 million sq ft in total size. It consists of 1.06 million sq ft of leasable business space and 43,960 sq ft of retail space.
This means that around 95% of the space in their commercial properties has been either signed or is close to being finalised with potential tenants.
The high demand for commercial spaces at Lynden Woods can be attributed to several factors. Firstly, the development offers a prime location that is easily accessible and connected to major transportation hubs, making it convenient for businesses and their employees. Additionally, the Grade A office tower is equipped with cutting-edge technology and energy-efficient features, providing a conducive and sustainable workspace for businesses to thrive.
CapitaLand’s focus on sustainable development has earned the company numerous accolades and recognition, including being named the Global Sector Leader for Diversified Real Estate by the Dow Jones Sustainability World Index for the third consecutive year. This achievement highlights CapitaLand’s commitment to sustainable practices and its efforts to create long-term value for its stakeholders.
Based on data from CapitaLand, almost three-quarters of the total net lettable area has been secured, while an additional 19% is in the final stages of negotiation. This signifies that nearly all of the available space in their commercial portfolio has either been leased or is in the final stages of being leased to prospective tenants.
CapitaLand, a leading global real estate company, has secured an impressive 76% commitment for its net lettable area at Lynden Woods, a prime commercial development located in the heart of the city. This remarkable achievement further establishes CapitaLand’s reputation as a trusted developer and underscores the strong demand for high-quality commercial spaces in the market.
In addition to its success at Lynden Woods, CapitaLand has been making significant strides in developing sustainable and innovative solutions in the real estate sector. One such example is the recent launch of its first green loan framework, which has received a positive response from financial institutions. This framework will enable the company to finance green projects and promote sustainable practices throughout its operations.
In conclusion, the remarkable 76% commitment for the net lettable area at Lynden Woods is a testament to CapitaLand’s expertise and reputation in the real estate industry. With its prime location, cutting-edge facilities, and sustainable practices, Lynden Woods has set a new standard for premium commercial developments in the city. As it continues to expand its net lettable area and attract top businesses, Lynden Woods is poised to become a prominent landmark in the Central Business District and a hub for innovation, collaboration, and growth for years to come.
In response to the overwhelming demand for office spaces at Lynden Woods, CapitaLand has also announced that it is expanding the development’s net lettable area by an additional 50,000 square feet. This expansion will further enhance the appeal of Lynden Woods, making it an even more attractive option for businesses looking for premium commercial spaces.
Commenting on the remarkable 76% commitment at Lynden Woods, Andrew Lim, CapitaLand’s Group Chief Executive Officer, said, “We are delighted by the strong demand for commercial spaces at Lynden Woods, which underscores the trust and confidence that businesses have in CapitaLand’s developments. We are committed to delivering high-quality and sustainable developments that meet the needs of our tenants and enhance their productivity.”
CapitaLand has announced that it has achieved a 76% commitment for the net lettable area at Lynden Woods, and the remaining 19% is currently in advanced negotiations with CDL, another well-respected real estate developer. This news is a testament to the strong collaboration and partnership between CapitaLand and CDL in delivering exceptional developments that meet the ever-evolving needs of businesses and tenants.
Moreover, Lynden Woods boasts a diverse range of amenities, including a sky garden, wellness facilities, and a variety of dining options, catering to the different needs of its occupants. This comprehensive suite of facilities sets Lynden Woods apart from other commercial developments, making it a highly attractive choice for businesses.