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Cargill is first tenant at CapitaGreen

It is said to be taking nearly 50,000 sq ft at a monthly rent of over $9 psf

Kalpana Rashiwala
Published Thu, Apr 10, 2014 · 10:00 PM
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CAPITAGREEN, a new 40-storey Grade A office tower that will be completed on the former Market Street Car Park site in the fourth quarter, has landed its first tenant. Cargill is said to have signed a lease for close to 50,000 square feet on slightly over two floors.

The monthly rental is understood to have crossed $9 per square foot (psf).

Swiss private bank Bordier & Cie is also thought to be on the verge of inking a lease for about 11,000-12,000 sq ft - or half a floor - in the building. It is expected to move out of its current location at GB Building along Cecil Street.

A serviced office operator is also in discussions to lease a floor at CapitaGreen, according to market talk.

Cargill will be exiting The Concourse along Beach Road, where its lease is understood to run out in the third quarter of next year. Singapore is the regional hub of Cargill in the…

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