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A stream of office space leasing deals in pipeline despite uncertain business climate

Kalpana Rashiwala

Published Thu, Jul 16, 2020 · 09:50 PM

Singapore

THE Covid-19 outbreak may have caused some potential tenants to pause their office leasing plans but at least a few deals have been done. These include two floors that will be vacated by Grab at Guoco Tower in Tanjong Pagar .

At the soon-to-be-completed Afro- Asia i-Mark project along Robinson Road, Foodpanda parent Delivery Hero is leasing 50,000 to 60,000 sq ft, according to the grapevine.

The Business Times understands that the space that Delivery Hero will occupy in the new development is much larger than the existing space it leases at GB Building in Cecil Street and within flexible space operator JustCo's premises in Cross Street. Market watchers expect Delivery Hero to give up its existing premises and consolidate at Afro-Asia i-Mark. In other words, this represents an expansion of space, which analysts say is no…