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Big tenants trading places as building owners make big changes

CIMB Bank leases Raffles Place office podium; Boston Consulting Group poised to move to 79 Robinson Rd; and Lazada in lease negotations at 51 Bras Basah Rd

Singapore

AMID the lull in the Singapore office leasing market, some occupiers continue to make relocation plans.

CIMB Bank has leased more than 50,000 sq ft in the office podium of 30 Raffles Place, formerly known as Chevron House, The Business Times understands. The development was refurbished recently.

CIMB Bank will be relocating from Singapore Land Tower next door. Boston Consulting Group is also expected to move from SingLand Tower to 79 Robinson Road, where it will occupy the top two office floors. This is a new development that received Temporary Occupation Permit in late-April this year.

While the departures may create vacancy at SingLand Tower, this may not be such a bad thing as it could...

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