Advertisement

Suntec City retail tenants get notice to move out

by Cheryl Tay

The first phase of the S$230 million revamp of the Suntec City Mall (pictured) has begun and some tenants have already received six-month notices to move out.

Yeo See Kiat, CEO of Suntec Reit, the mall's owner, noted that the revamp will see some tenants staying, while others will relocate within the mall. This is because not all the tenants fit in with the mall's new lifestyle and shopping concept.

"It is also the tenants' business decision if they want to stay or move to another mall," added Yeo.

The mall's refurbishment is part of a S$410 million makeover for Suntec City, which also covers the Suntec Singapore convention centre.

Two tenants, NUSS Guild House and The Rock Auditorium were informed that they need to vacate their space in the Entertainment Zone to make way for a new cineplex.

The first phase of the four-stage renovation began earlier this month at the convention centre and the mall's Galleria Zone and Fountain Terrace. The first two levels of the convention centre will be converted into retail spaces, with duplexes facing Raffles Boulevard.

According to David Ho, President of NUSS, they have now commissioned a taskforce to search for a new location, given that they are unlikely to return to Suntec City when work is completed by 2015.

"From what I understand, Suntec is looking at increasing its retail space. We are not a retailer. They may not be able to allocate the same amount of space to us," he said.

Major tenants hypermart Carrefour and WE Cinemas by Eng Wah said they would continue business as usual until informed otherwise.

Related Stories:

Bugis Cube to launch for sale tomorrow

Orchard Parade reveals details on proposed Far East H-Trust

General Manager appointed for upcoming Sofitel So S'pore

More from PropertyGuru:
Bugis Cube to launch for sale tomorrow
Orchard Parade reveals details on proposed Far East H-Trust
General Manager appointed for upcoming Sofitel So S'pore
Suntec convention centre to close for S$180m revamp