CapitaGreen obtains TOP

CAPITAGREEN has obtained its Temporary Occupation Permit (TOP) on Dec 18, and has secured leases for 50.4 per cent (352,800 square feet) of its net lettable area as at December.

This is in contrast to the 40 per cent leasing commitment announced in the third quarter of this year.

CapitaLand, CapitaCommercial Trust, and Mitsubishi Estate Asia are the joint venture partners for the development of CapitaGreen - a 40-storey Grade A office building located in the central business district.

Said Wen Khai Meng, chief executive officer of CapitaLand Singapore: "We are very pleased to have achieved our 50 per cent leasing target and are in advanced negotiations with several prospective tenants which we expect to complete in the next few weeks."