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Prudential said to have leased 150,000 sq ft office space at Labrador Tower

Most of the insurer’s agency offices operating at 51 Scotts Road are expected to move to the new project in Pasir Panjang by SP Group

Kalpana Rashiwala

Published Wed, Mar 8, 2023 · 05:50 AM

Commercial & Industrial

INSURER Prudential Singapore is understood to have leased about 150,000 sq ft of office space at Labrador Tower, being developed by SP Group above a large underground electrical substation.

Most of Prudential’s agency offices operating at 51 Scotts Road, next to Newton MRT station, are expected to be relocated to Labrador Tower, which is slated for completion next year.

The certified Green Mark Platinum Super Low Energy development along Pasir Panjang Road will have about 700,000 sq ft lettable office space on 29 floors of a 34-storey tower. The project will include retail and F&B space on Levels 1 and 2 of a low-rise block and some F&B space on the top level of the office tower.

The office tower will have panoramic views of the sea and greenery. The project will be directly linked to Labrador Park MRT stati…