SEE: Daiwa upgrades CapitaLand Commercial Trust to 'outperform' from 'sell' on brighter post-merger outlook
“CapitaSpring will be the only premium Grade A office development in CBD completing this year. Driven in part by the limited CBD office supply, CapitaSpring has attracted healthy interest from tenants and prospective tenants. To date, committed office tenants are mainly from the legal and banking & financial services sectors,” notes Tony Tan, CEO of CICT’s manager. “We are encouraged by CapitaSpring’s leasing momentum, which reflects the market’s continued demand for quality workspace in a well-designed integrated development incorporating amenities and programming that promote workplace wellness and community engagement. We will continue to explore ways to enliven the CapitaSpring community and enhance its attractiveness, including bringing in retailers and restaurants with novel and complementary offerings,” he adds. Shares in CapitaLand closed flat at $3.47, while units in CICT closed 4 cents higher or 1.8% up at $2.32 on Jan 18.