JP Morgan sign goes up on Capital Tower
A NEW sign on the roof of Capital Tower greeted those in the CBD yesterday: JP Morgan. The US banking giant's grey signage - along the side of the roof facing SBF Center next door - replaces the familiar green "Capital Tower" sign on the crown of the 52-storey building.
Another JP Morgan signage is expected to appear on the side of the roof facing Robinson Road - under terms for the bank's lease renewal at the Grade A, Green Mark Platinum office tower which took effect late last year. BT previously reported that JP Morgan renewed its lease at Capital Tower, though for a reduced space of about 150,000 sq ft - compared with the 200,000 sq ft under its earlier lease which expired towards the end of 2013. Under a front end-back end split, the US bank has also leased around 130,000 sq ft of business park space at One@Changi City. Its total real estate footprint in Singapore of around 280,000 sq ft is an increase of about 40 per cent.
Over at Capital Tower, JP Morgan does not have exclusive roof signage rights. BT understands that "CapitaLand" signages will go up in due course on the other two sides of the building's crown - facing Cecil Street and Tanjong Pagar MRT Station.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender