Results 1 to 4 of 4

Thread: Wisma Atria to get facelift

  1. #1
    Bricks & Mortar

    User Info Menu

    Default Wisma Atria to get facelift

    Finally, one of the better malls to be rejuvenated...:

    http://www.channelnewsasia.com/stori...113521/1/.html

    Wisma Atria to get facelift
    By Stella Lee | Posted: 28 February 2011 2143 hrs
    Photos 1 of 1 " src="http://www.channelnewsasia.com/images/butt_next.gif" width=18 height=15 type=image>


    SINGAPORE: Wisma Atria shopping mall on Orchard Road will get a facelift.

    Starhill Global REIT said it plans to enhance the mall's positioning by redeveloping its frontage.

    Phase one of the redevelopment is expected to cost about S$31 million and will in turn generate an additional net property income of around S$2.5 million a year.

    The REIT manager said this represents a return on investment of about 8 per cent and costs will be funded from the proceeds of the rights issue completed in 2009.

    Starhill said the first phase of the redevelopment will commence in the first quarter of this year and is expected to completed by the third quarter of next year.

    -CNA/ac

  2. #2
    Any complaints please PM me

    User Info Menu

    Default Wisma Atria gets a facelift to draw crowds

    http://www.businesstimes.com.sg/sub/...09540,00.html?

    Published March 1, 2011

    Wisma Atria gets a facelift to draw crowds

    By JERMAINE NG


    COMPETITION has been hotting up at Orchard Road as new malls spring up and older ones get facelifts.

    Amid this, Wisma Atria, whose blue facade has been a key feature on the shopping belt, will see a crystal-line frontage with double-storey store fronts as part of its redevelopment.

    The first phase of the redevelopment will start this quarter and is slated for completion by the third quarter of next year, according to Starhill Global Real Estate Investment Trust, the Singapore-based Reit which has interests in a portfolio of 13 properties, including Wisma Atria. Its portfolio is valued at about $2.7 billion.

    Phase one of the asset redevelopment is expected to incur capital expenditure of about $31 million and 'generate an additional net property income of approximately $2.5 million per annum when stabilised, representing a return on investment of approximately 8 per cent'. The cost of the works will be funded from the proceeds of a rights issue completed in 2009 and working capital.

    The double-storey frontage, to be designed by DP Architects, is primed to showcase the latest flagship stores of international retailers.

    Ramps and walkways leading to the new shop fronts will also be built to draw in pedestrians from surrounding malls and the Orchard Road MRT station.

    Another key feature is the full-width steps that span the entire 123-metre long facade of the mall. This is to improve accessibility and provide a permanent flood control measure, hence replacing the current mechanical flood barriers.

    Ho Sing, CEO of YTL Starhill Global, the manager of the Reit, said: 'The redevelopment of Wisma Atria is part of our continuous effort to enhance our retail assets, in line with the growing retail environment in Orchard Road.' He added that the the redevelopment will be implemented with minimal disruption.

  3. #3
    Newbie

    User Info Menu

    Default

    Quote Originally Posted by land118
    Finally, one of the better malls to be rejuvenated...:

    http://www.channelnewsasia.com/stori...113521/1/.html

    Wisma Atria to get facelift
    By Stella Lee | Posted: 28 February 2011 2143 hrs
    Photos 1 of 1 " src="http://www.channelnewsasia.com/images/butt_next.gif" width=18 height=15 type=image>


    SINGAPORE: Wisma Atria shopping mall on Orchard Road will get a facelift.

    Starhill Global REIT said it plans to enhance the mall's positioning by redeveloping its frontage.

    Phase one of the redevelopment is expected to cost about S$31 million and will in turn generate an additional net property income of around S$2.5 million a year.

    The REIT manager said this represents a return on investment of about 8 per cent and costs will be funded from the proceeds of the rights issue completed in 2009.

    Starhill said the first phase of the redevelopment will commence in the first quarter of this year and is expected to completed by the third quarter of next year.

    -CNA/ac
    Oh,it's nice.One of my favourite shopping malls,nice place to visit.Thanks for sharing.
    [URL="http://www.tazmas.com/"]Armani watches[/URL] | [URL="http://www.tazmas.com/watches-diesel-c-1_6.html"]Montre Diesel[/URL] | [URL="http://www.tazmas.com/watches-guess-collection-c-1_23.html"]Guess collection Montre[/URL]

  4. #4
    Junior

    User Info Menu

    Default

    Oh no! another orchard central look-a-like

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •