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COMMERCIAL PROPERTY | Staff Reporter, Singapore

16-storey office building in Cecil Street up for sale after massive revamp

It went through 18 months of ‘Additions and Alterations’ exercise.

A standalone building at 139 Cecil Street is up for sale via an Expression of Interest (EOI) exercise, CBRE and JLL announced.

139 Cecil Street is a 16-storey office building with a restaurant on the ground floor and a pool at the roof terrace. This is the result of an 18-month ‘Additions and Alterations’ exercise by the current owner to completely transform the former 11-storey building.

“Investors acknowledge the positive outlook for the Singapore office market in view of tightening
vacancy and a tapering supply pipeline. Given its prime location and strong attributes, we expect keen investor interest in 139 Cecil Street. The availability of naming and signage rights add to the appeal of this property,” said Galven Tan, CBRE’s executive director, Capital Markets for Singapore.

The EOI exercise will close on 17 April 2019. 

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