Other investment

LREIT was awarded the tender to redevelop the 48,200 sq ft car park at Grange Road. The site, to be redeveloped into a multifunctional event space, will maximise its full potential and create synergy with the “Discovery Walk”, which is linked to 313@somerset. With a combined NLA of approximately 330,000 sq ft, it enlarges and strengthens LREIT’s retail presence in the Somerset precinct. ​The space is envisioned to be an experiential innovative lifestyle destination that features creative use of communal spaces and themed events to promote social networking and wellness. Once construction of the site has commenced, it will take approximately 12 to 18 months to complete.