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Retail, office strata lots at former Chevron House put up for sale

Retail podium is 80% pre-committed to a diverse mix of domestic and international tenants

Fiona Lam

Fiona Lam

Published Tue, Sep 3, 2019 · 09:50 PM
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Singapore

FIVE strata lots for retail and office use, spanning seven storeys at 30 Raffles Place, have been launched for sale by joint marketing agents JLL and Cushman & Wakefield.

The building, formerly known as Chevron House, is undergoing comprehensive asset enhancement initiative (AEI) works, with property developer Oxley Holdings having agreed to sell it to Golden Compass, the investment vehicle of US real estate fund AEW.

The guide price for the retail space is S$5,000 to S$5,500 per square foot (psf) of net lettable area (NLA); that for …

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