Southeast Asia’s largest property developer, CapitaLand, and its wholly-owned subsidiary CapitaMalls Asia, have marked a key milestone by breaking ground for its shopping mall and office tower at Jurong Gateway.
Named Westgate, the 195,465 sq ft development will become a new landmark in Jurong Gateway, continuing the transformation of the Jurong Lake District into a key regional business hub. It will connect directly to Jurong East MRT station and the upcoming Ng Teng Fong General Hospital.
The lifestyle mall will measure 594,000 sq ft and have a total net lettable area (NLA) of 426,000 sq ft, comprising nearly 300 shops across seven levels.
“This mall is our 20th in Singapore, strengthening our retail presence in the western part of Singapore as well as our position as the largest mall owner and manager in Singapore,” said Lim Beng Chee, CEO of CapitaMalls Asia.
CapitaLand said the mall will target middle to upper-middle income families, residents in the vicinity, commuters, hospital visitors, students from nearby schools and working professionals.
Meanwhile, the 20-storey office building, to be called Westgate Tower, will offer good quality finishes and efficient column-free floor plates of about 17,000 sq ft. It has a total NLA of 315,000 sq ft and features a green roof and vertical greenery.
“The office, which will be fully integrated with the mall and its suite of facilities, such as the childcare centre and gymnasium, offer a work-play environment within one development,” said CapitaLand.
Towering above the mall, the office tower enjoys seamless connectivity to transport hubs through the retail mall. It is a 20-minute drive to the CBD and companies who want to be close to industrial estates, business parks and the CBD “will find this an attractive location,” Lim said.
CapitaLand said the office tower is expected to be completed by 2014, while the retail mall is slated for completion by end-2013.