SGReit looking to leverage on Thomson Line
It's eyeing asset enhancements for Wisma Atria and Ngee Ann City to tap opening of Orchard station on Thomson-East Coast Line.
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WEEKEND shoppers shuffling to and fro two Orchard Road mega malls - Ion Orchard (and its basement Orchard MRT) and Ngee Ann City - tend to pass through the basement of a smaller one, Wisma Atria.
Starhill Global Reit (SGReit), the owner of 74.23 per cent of the share value of strata lots of Wisma Atria, has in the past leveraged on that location by placing unique offerings in the basement, like Ben's Cookies, to entice the crowds.
With the Orchard station on the Thomson-East Coast Line opening in 2021, the Reit is currently considering asset enhancement opportunities for both Wisma Atria and Ngee Ann City. They are looking at how to bring more shoppers upstairs.
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