Funan's office blocks secure 98% pre-leasing commitment

Tenants include the Singapore Department of Statistics, adidas and WeWork.

Funan has secured a pre-leasing commitment of about 210,000 sqft or about 98% of its total office net lettable area (NLA) of 214,000 sqft ahead of securing its temporary occupation permit (TOP) in April, an announcement revealed.

Funan’s office tenant profile comprises public agencies, multinational corporations and startups. The South Office Block, which has a total NLA of 95,600 sqft, has been fully leased to three public agencies: the Attorney-General’s Chambers (AGC), Singapore Department of Statistics (DOS) and Smart Nation and Digital Government Office (SNDGO).

Over at the North Office Block, sporting goods company adidas will be moving in with its Southeast Asia office. Located in the same block is Adyen, a global payment platform company that works with many world-leading organisations, including retailers in Singapore.

Collaborative work community WeWork will also be operating a coworking space in the integrated development, covering two floors in the North Office Block, as well as a part of Level 4, which is the prime connector space linking Funan’s two office blocks with its retail and serviced residence components.

Additionally, Funan’s North Office Block will house TREHAUS SCHOOL, a childcare centre and preschool that can accommodate over 100 children aged two months to six years; as well as TREHAUS CLUB, a family club that offers member families with access to an indoor playground café, themed play dates and enrichment programmes.

Owned by CapitaLand Mall Trust (CMT), Funan is managed by CapitaLand.

According to Tony Tan, CEO of CapitaLand Mall Trust Management, “With a high commitment of 98%, Funan’s diversified and quality office tenant base will progressively contribute earnings to CMT from Q3 2019.”

Funan’s office tenants are set to move in progressively by Q2 2019.

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