Magazines Archives - 2008 October

Singapore’s first eco-friendly mall draws 9 anchor tenants
Story 9 - Property Update

SINGAPORE’S City Developments Limited (CDL) has named nine anchor tenants for its eco-friendly City Square Mall. The nine are Metro, NTUC FairPrice, Best Denki, Kopitiam, MindChamps PreSchool, Amore Fitness & Boutique Spa, V.Hive, Popular and Banquet.

Scheduled to open in the fourth quarter of 2009, the upcoming 11- storey 70,000sqf property has leased out nearly 70% of its retail space to its anchors. Said CDL group general manager Chia Ngiang Hong: “We are heartened that the mall has received such strong support from [its] tenants. This is indeed a good start to our leasing efforts.”

The first eco-friendly mall in the city-state will boast “eco-restrooms”, which save water and electricity, and an eco-green roof that harnesses solar power and rainwater. The retail centre will also be the first to have a 47,000sqf urban park.

Conceptualised by real-estate project management and construction company Lend Lease Retail Pte Ltd, the mall, Chia said, will be “shopperfriendly” with “a carefully-planned layout and comprehensive tenant mix” as well as a “scale of offerings for a onestop shopping and dining experience”. CDL is optimistic about “attracting at least 1.3 million footfalls per month”, he added.

Taking their lead from the mall, tenants are incorporating eco-friendly features in their stores as well. Said NTUC FairPrice managing director Seah Kian Peng: “FairPrice City Square Mall will be our pilot eco-friendly supermarket, with a host of green features — [including] dedicated checkout lanes for shoppers with reusable bags, motionsensor lighting in the store office and storeroom as well as energy-efficient LED lighting in chillers and freezers.”

The S$200-million (US$139.31- million) property is expected to use 39% less energy, saving about S$2 million in consumption annually.


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2008 Oct Stories:

Green retailing - Part 2: Can sustainability practices go hand in hand with positive customer value proposition?

Professional courses address talent shortfall in India

CJ Home Shopping out to conquer Asia

US NASDA schedules China road show for NRA 2009

WGA 2008 promises premium exhibits, rich programme and market insights

Food & Hotel Thailand 2008 reports record turnout

Major Singapore bookstore chain set to establish retail prominence in Indonesia eases SMEs’ access to Chinese buyers

Singapore’s first eco-friendly mall draws 9 anchor tenants

Jollibee forges on with acquisitions worldwide

Xterprise’s Clarity-ARS provides retailers advance inventory management

RSR discovers what is vital to retailers

German brand sets foot in India for the first time

Shopping centres in the US see decline in footfalls

Coca-Cola makes a bid for Chinese juice-maker with cash offer

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