Orchard Hotel Shopping Arcade to undergo rebranding

PropertyGuru

29 January 2014 at 3:57 am

CDL Hospitality Trust announced today that the Orchard Hotel Shopping Arcade on Claymore Road will be undergoing renovation works and rebranding as a "family-friendly mall."

According to the release, the said mall will be renamed Claymore Link as part of the S$25 million asset enhancement initiative first announced announced in May.

Claymore Link will be improving its retail offerings, with supermarket retailer Cold Storage as its anchor tenant, "to cater to the growing residential population and vibrant retail activity along the Orchard Road shopping belt."

The mall's redevelopment is expected to take about 12 months. Upon completion, the net lettable area (NLA) will increase by approximately 10,000 sq ft.

Claymore Link's incremental rental income is expected to be more than S$2.0 million on an annualised basis, or an estimated gross return on investment of more than 8.0 per cent.

Image: Artist's impression of Claymore Link Mall

Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email nikki@propertyguru.com.sg

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