JLL is the joint exclusive consultant on the sale of Asia Green (the “Property”), a landmark commercial development prominently located at 7 and 9 Tampines Grande, in Singapore’s Eastern corridor, future-proofed with sustainable green building features.

Joint exclusive agents appointed are JLL Singapore, Heather Liew, Senior Director, and Ting Lim, Head of Capital Markets, JLL Singapore jointly with Mr Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield.

Completed in 2009, the  Property comprises two blocks of 8-storey office towers linked by a double-volume entrance lobby with retail and F&B units on the ground floor. The premium Grade A commercial development sits on a large site of 86,110 sf with a total combined net lettable area of 285,559 sf. The Property also has an existing strata area subdivision of 319,236 sf, which provides flexibility to be held as a whole or for sale as individual strata floors.

Heather Liew, Senior Director, JLL Singapore explains: “This sale presents investors with rare access to a core Grade A suburban commercial asset with immediate income yield from a roster of high-profile tenants, including Hitachi Asia, NCR Asia Pacific, Aldwych International, BNP Paribas Wealth Management, Sysmex Asia Pacific.”

Alongside the newly completed Asset Enhancement Initiative to the main lobby areas, the building offers best-in-class sustainable building design, which is reflected in its Green Mark Platinum status with a focus on tenant wellness, where every floor is equipped with smart sensors for improved operational intelligence to better manage energy utilisation and increasingly demanded by high-quality corporate occupiers.

The Tampines MRT Interchange Station that is part of both East-West line and the Downtown line is a short walk away, with one of the station’s exits directly opposite the Property. The Property is a 25 minutes’ drive from the Central Business District (“CBD”) and is within proximity to Changi International Airport as well as a network of expressways connecting Asia Green to other parts of the island.

“Located in Tampines Regional Centre, the hub for commercial activity in the eastern region of Singapore, Asia Green offers the highest building specifications and is a natural choice for companies including major banks and insurance companies that want to establish a satellite or suburban office which will benefit from comprehensive amenities and seamless transportation nodes,” adds Ting Lim, Head of Capital Markets, JLL Singapore.   

According to Mr Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, “Asia Green is the best-in-class product, future-proofed with strong focus on sustainable green building features which is reflected in its Green Mark Platinum status. It is the only Grade A office building in the Eastern Region and probably one out of the only three premium Grade A suburban office buildings in Singapore.”
“Singapore lacks good quality office space in decentralised locations. This is a very rare opportunity for investors to gain exposure to a tightly held Grade-A decentralised office market with ready income stream from an existing high-quality tenant roster,” said Mr Poh added.

The sale will be conducted through an Expression of Interest exercise which will close on Tuesday, 28 June 22 at 3pm.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.