Capitaland Group confirms relocation to Jurong

CapitaLand said Tuesday that the group will relocate to Westgate Tower in Jurong progressively from early 2015.

The group will occupy about 160,000 square feet across 11 floors of the new 20-storey prime office tower. It will also maintain a city office at Capital Tower as a flexible workspace to liaise with clients or business partners, it said.

The group, which includes CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, and Ascott Residence Trust, currently operates from different buildings in Singapore.

Mr Liew Mun Leong, President and CEO of CapitaLand Group, said: "The relocation will be a milestone for CapitaLand Group. For the first time, all business units in Singapore and the corporate office will operate from a single location. We want to create a conducive environment that will help to further improve productivity across the Group and achieve work-life integration."

He added: "We are pleased that Westgate, sited within Jurong Gateway - the biggest commercial hub outside the Central Business District - will provide the ideal location for the Group to be housed under one roof. We look forward to playing a significant role in transforming the Jurong Lake District into a key regional business hub."

Westgate, jointly developed by CapitaMalls Asia, CapitaMall Trust Management and CapitaLand, is to comprise a shopping mall and office tower. The 416,000-sq-ft lifestyle and family mall is expected to be opened by end-2013, while the 320,000-sq-ft office tower is slated for completion in end-2014

the moving of many goverment ministries and the move of the whole CAPITALAND GROUP to jurong is going to give strong boost to the property price in JURONG . The biggest regional centre and future CBD of Singapore

Oi Zen san, you  live in Jurong? I thought Nagoya. Just kidding.
Any stocks to recommend which will benefit from Jurong explosion?

stock wise .. should be capitaland itself . if capitaland sells or lease away it's offices in CBD . then it should reap quite a big gain from it .
 
otherwise , just buy into jurong properties to reap big gain yourself in the next few years .

Westgate is being jointly developed by CapitaMalls Asia, CapitaMall Trust Management Limited and CapitaLand.
It comprises a shopping mall and a prime office tower spanning 416,000 sq ft and 320,000 sq ft respectively.
Presently, CapitaLand operates from different buildings in Singapore.
Within the CBD it operates from Capital Tower, Robinson Point and AXA Tower.
Outside the CBD, it operates out of Wilkie Edge in Wilkie Road, Ascott Centre for Excellence at Anthony Road and the CapitaLand Institute of Management and Business at Beach View, Sentosa.
The relocation will be a milestone for CapitaLand Group. For the first time, all business units in Singapore and the corporate office will operate from a single location. We want to create a conducive environment that will help to further improve productivity across the Group and achieve work-life integration,” said Liew Mun Leong, president and CEO of CapitaLand Group.
Jurong Gateway, located around Jurong East MRT Station, will be the biggest commercial hub outside the city.
It spans an area of 70 hectares with a good mix of office, retail, residential, hotel, entertainment, food & beverage and other complementary uses.

whole jurong is buzzling with activities ....
so many shopping malls , offices , lake , university , condos , science centre , singapore discovery centre , snowcity , bird park  .... and around 10 mins drive from TUAS checkpoint to malaysia's latest attraction LEGOLAND