Elevate Capital’s Ashish Manchharam sees opportunities in living sector, lifestyle spaces

STAMFORD Court’s repositioning exercise – which will see it transformed into a mixed-use lifestyle destination with food and beverage (F&B) outlets, a co-working space and serviced apartments – is targeted for completion in mid-2026. 

“We are hoping to add an interesting mixed-use concept to revitalise the area and a reason for people to come, which will hopefully drive more foot traffic to the area,” Elevate Capital Group’s managing partner Ashish Manchharam said in an interview with The Business Times. “We aim to curate the ground-floor retail and F&B offerings based on demand from the immediate vicinity, but will also carve out a space with a unique concept that people would travel to as a destination.” 

In October, Elevate Capital announced that it had acquired the four-storey building in the City Hall area for S$132 million with PGIM Real Estate. This was the Singapore-based real estate investment and asset management firm’s first acquisition since it was founded by Manchharam earlier this year.