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UBS Singapore to take up all 8 floors of office space at redeveloped Park Mall building

UBS Singapore to take up all 8 floors of office space at redeveloped Park Mall building.

SINGAPORE - Developer SingHaiyi Group and its joint venture (JV) partners - Suntec Reit and Haiyi Holdings - announced on Wednesday (April 17) that UBS Singapore has signed on to take up all the office space at the redeveloped Park Mall building.

The move confirms an earlier report by The Business Times report on April 1 that UBS was mulling over a consolidation of its Singapore office footprint.

Located at 9 Penang Road, the property is now undergoing redevelopment, which is on track to be completed in the fourth quarter this year, SingHaiyi said in an exchange filing.

Source: https://www.straitstimes.com/business/property/singhaiyi-group-suntec-reit-secure-ubs-singapore-as-sole-office-tenant-at-former

Adapted from The Straits Times 17 April 2019