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55 Market Street is a commercial property located in Singapore’s financial district. It is a 16-storey building, comprising 15 floors of office space and two floors of retail space (including the basement).
FCOT acquired a 100.0% direct interest in 55 Market Street for S$72.5 million from CP Grace One Pte Ltd on 22 November 2006 with vacant possession. Following an intensive leasing campaign by the Asset Manager, the Manager announced on 7 May 2007 that the property had a committed occupancy of 100.0%. A diverse range of tenants were secured with leases incorporating an average fixed rental increment of 4.7% per annum. Key tenants include Jones Lang LaSalle Property Consultants Pte Limited, GMG Global Ltd and EFG Bank Singapore Branch.
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As at 30 September 2008 |
| Address |
55 Market Street, Singapore 048941 |
| Tenure |
Leasehold 999 years commencing April 1826 |
| Net Lettable Area (NLA) |
72,109 sq ft (6,699 sqm) |
| Car Spaces |
Nil |
| Date Refurbishment Completed |
November 2006 |
| Occupancy Rate |
100.0% |
| WALE by income |
2.5 years |
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