JP Morgan sign goes up on Capital Tower

A NEW sign on the roof of Capital Tower greeted those in the CBD yesterday: JP Morgan. The US banking giant's grey signage - along the side of the roof facing SBF Center next door - replaces the familiar green "Capital Tower" sign on the crown of the 52-storey building.

Another JP Morgan signage is expected to appear on the side of the roof facing Robinson Road - under terms for the bank's lease renewal at the Grade A, Green Mark Platinum office tower which took effect late last year. BT previously reported that JP Morgan renewed its lease at Capital Tower, though for a reduced space of about 150,000 sq ft - compared with the 200,000 sq ft under its earlier lease which expired towards the end of 2013. Under a front end-back end split, the US bank has also leased around 130,000 sq ft of business park space at One@Changi City. Its total real estate footprint in Singapore of around 280,000 sq ft is an …