RB Capital repositioning Robertson Quay assets

[SINGAPORE] RB Capital is pumping about $50 million to $70 million in a major refurbishment of Gallery Hotel along Robertson Quay and the retail podium of The Quayside next door.

These plans are seen as bringing "energy and excitement" to an important location along the Singapore River.

The repositioning of the two assets will create a combined 100,000 sq ft of prime lettable retail space with as many as 80 food and beverage outlets under a scheme that seeks to maximise the two assets' combined river frontage of more than 200 metres.

The asset enhancement works at Gallery Hotel and The Quayside are expected to be completed in early 2016. Across Alkaff Bridge, RB Capital's recently completed 442-room Holiday Inn Express Clarke Quay…