Amazon said to be in advanced negotiations to lease space at IOI Central Boulevard Towers

AMAZON is said to be in advanced talks to lease offices in IOI Properties Group’s office development along Central Boulevard. Market estimates of the amount of space that the multinational tech company is looking to lease at IOI Central Boulevard Towers vary, but most sources put it at around 350,000 sq ft.

Amazon is understood to be currently leasing about 45,000 sq ft at One George Street, 80,000 sq ft at Capital Square and 100,000 sq ft at Asia Square Tower 1. It also occupies space in the WeWork facility in Manulife Tower on Cross Street.

If Amazon does ink a lease at IOI Properties’ project - expected to receive its Temporary Occupation Permit in the third quarter of next year - some market watchers suggest that the group may partially consolidate some of its existing locations.