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Over 80% of Kallang Wave's space taken - Corporate Space - Singapore Business Space For Rent / Sale

Over 80% of Kallang Wave’s space taken

[SINGAPORE] Kallang Wave, the new retail mall in the Singapore Sports Hub, named its anchor dining, retail and lifestyle tenants yesterday. Besides hypermarket FairPrice Xtra, food court chain Foodfare and climbing-wall operator Climb Central, Kallang Wave’s confirmed tenants include Uniqlo, H&M, Forever 21 and Harvey Norman.

More than 80 per cent of the 41,000-sq-m mall, whose official opening is planned for July, is occupied, said Kallang Wave’s manager, SMRT Alpha.

“We are appealing to a broad spectrum of Singaporeans, from seniors, lifestylers, sports enthusiasts families (to) youths,” said SMRT Alpha director Dawn Low. “The tenant mix has been engineered and curated to address basically a broad spectrum of needs.”

That said, the mall is decidedly sports-themed. With their 1,000 sq m of climbing surface, the climbing towers in the mall’s atrium will be the largest air-conditioned climbing wall – and the tallest indoor one – in Singapore, said operator Climb Central.

Even familiar tenants have been given a sporting update. FairPrice Xtra will offer not just groceries, electronics or casual wear, but bicycles, sporting equipment and sportswear. Foodfare plans to be as accommodating to sports enthusiasts, offering a bicycle parking corner and an emphasis on healthy food options.

Some tenants will also be launching new business lines with Kallang Wave’s soft opening starting progressively in June.

SportsLink, for example, will open its first running-centric concept store, Runnur, in the mall. Likewise, Power Up Express’s retail unit in the mall will also offer podiatric consultation, sports taping and sports massage services, a combination that the firm says will be a first for Singapore.

“We are creating a diverse, inspiring and inclusive experience that encourages people to make sports part of their daily lives,” said Sports Hub chief operating officer Oon Jin Teik. “With its innovative layout and tenant selection, we are confident the Kallang Wave will attract a strong interest even among the less active to participate in sports.”

SMRT Alpha, a joint venture between SMRT Investments and NTUC FairPrice subsidiary Alphaplus Investments, also announced that Citibank and OCBC Bank will be Kallang Wave’s bank partners.

Both banks are planning year-long sponsorship deals, during which Citibank SMRT Platinum Visa cardmembers will enjoy shopping and dining deals at the mall. By spending money at Kallang Wave, Citibank SMRT cardmembers can redeem vouchers to offset SMRT taxi fares or free bus and train rides there.

Meanwhile, OCBC cardholders will enjoy year-round parking privileges at the mall, as well as benefits at the Women’s Tennis Association Championships that will be held at the Sports Hub in October when they shop at Kallang Wave.

Citibank will provide ATM facilities in the mall, while OCBC will have a branch there open six days a week.

 

Source: STPROPERTY

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