SIM Lian Group on Tuesday announced it would release approximately 200,000 square feet of large office spaces for lease at Vision Exchange, at a rate of S$6.80 to S$7.20 per square foot per month.
The spaces will be spread out across the top eight floors of the 25-storey mixed-use integrated development located in Jurong Lake District. Each level spans approximately 25,000 sq ft, with the minimum subdivision starting from 2,000 sq ft.
According to Sim Lian, Vision Exchange is "the only space available for tenants who require either or both large and contiguous floor configurations in Jurong Gateway".
"Professional firms, major services and solutions companies as well as institutional users are likely to drive demand for Vision Exchange, which has high-grade specifications that we believe will meet occupiers' and tenants' expectations," said Sim Lian Group CEO Kuik Sin Pin.
The development features food and beverage spaces and medical suites on the first and second floor, with office levels starting from the sixth floor and ending at the 25th floor.
It is Sim Lian's first development that primarily focuses on commercial spaces.
Tenants of Vision Exchange would have access to the project's many facilities, which include an outdoor lounge, multipurpose pavilions, gymnasium and jogging track. They would also be treated to views of the lush greenery around Jurong Lake. Vision Exchange is expected to obtain its Temporary Occupation Permit in the first quarter of 2017.
CBRE and OrangeTee have been appointed joint leasing agencies for the project, which will be managed by CBRE Asset Services.
Source: Business Times, 4 May 2016