RB Capital repositioning Robertson Quay assets
Gallery Hotel, The Quayside retail revamp to create 100,000 sq ft of prime retail space
[SINGAPORE] RB Capital is pumping about $50 million to $70 million in a major refurbishment of Gallery Hotel along Robertson Quay and the retail podium of The Quayside next door.
These plans are seen as bringing "energy and excitement" to an important location along the Singapore River.
The repositioning of the two assets will create a combined 100,000 sq ft of prime lettable retail space with as many as 80 food and beverage outlets under a scheme that seeks to maximise the two assets' combined river frontage of more than 200 metres.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%