SINGAPORE (Jan 17): CapitaLand said that it has won the joint tender by the Singapore Land Authority (SLA), Singapore Tourism Board (STB) and Urban Redevelopment Authority (URA) to appoint a single operator for the integrated management of Bugis Village and Bugis Street.

The integrated management has a proposed retail net lettable area (NLA) of about 195,000 sq ft.

CapitaLand will commence operation on April 1, 2020. The award has an initial tenancy term of three years, after which may be renewed for a further two tenancy terms of three years each, and a final tenancy term not extending beyond March 30, 2030.

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