LREIT holds an effective 31.8% indirect interest in Jem. Nestled at the heart of Jurong Gateway, Singapore’s second central business district and one of Singapore’s regional centres and commercial hubs, Jem is an integrated office and retail property in the West of Singapore. With a NLA of over 580,000 sq ft of retail space that currently houses over 220 retail units, it is one of the city’s largest suburban malls. Another 311,217 sq ft, accounting for 12 office floors that are fully leased to the Ministry of National Development of Singapore, sit above the six-storey mall. Jem is one of Jurong Gateway’s best performing mixed-used retail and commercial assets.
Grange Road Car Park
LREIT was awarded the tender to redevelop the 48,200 sq ft car park at Grange Road on 9 June 2020. 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 [email protected] 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.