SINGAPORE PROPERTY
Omnicom said to have leased nearly 50,000 sq ft of office space on 51 Merchant Road
It is expected to maintain a presence in MacDonald House, but exit its Mediapolis and Alexandra Road premises
[SINGAPORE] Global advertising, marketing and sales giant Omnicom is said to have leased close to 50,000 square feet (sq ft) of net lettable area of office space at 51 Merchant Road – about three-quarters of the entire building – near Clarke Quay MRT station.
Owned by a joint venture between Elevate Capital Group and LaSalle Investment Management, the property comprises the main four-storey building with two levels of basement car park space, annexed to two rows of conserved shophouses.
One row, comprising three-storey shophouses, faces Fisher Street.
