Government plans to sell The Atrium@Orchard

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IMMEDIATE RELEASE
1 NOVEMBER 2007

1 Singapore Land Authority (SLA) has appointed CB Richard Ellis (CBRE) as consultant to advise on the planned sale of The Atrium@Orchard. This is the first time the Government is selling a Grade A prime commercial building.

2 The Atrium@Orchard is located within Singapore’s prime shopping and entertainment district, next to Plaza Singapura and above Dhoby Ghaut MRT Station. The building which comprises 2 towers of 7 and 10 storeys respectively sits on a land area of about 9,575 square metres with a gross floor area of about 51,580 square metres. It is fully tenanted, with a good mix of tenants ranging from international financial institutions to well-known F&B outlets.

3 SLA will release more information in the coming weeks after the details of the sale have been finalised with CBRE. For media enquiries, please contact Ms Susan Koh, Senior Manager, Corporate Communications of SLA at tel: 98291906, 63238105 or e-mail: Susan_Koh@sla.gov.sg.

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Issued by:
The Singapore Land Authority

 

About SLA
Singapore Land Authority (SLA) is a statutory board with the Ministry of Law. Its mission is to optimise land resources for the economic and social development of Singapore. SLA is responsible for the direct management of some 14,000 hectares of State land and about 5,000 buildings. It is also in charge of land sales, leases, acquisitions and allocation, developing and marketing land-related information, and maintaining the national land information database through digitised land information services. SLA is also the national land registration authority for property transactions, and the issuance and guarantee of land titles in Singapore. It also manages and maintains the national land survey system, including the defining of boundaries or legal limits of properties based on a coordinated cadastre survey system. For more details, visit www.sla.gov.sg.