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TripleOne Somerset

TripleOne Somerset is a prime integrated development, comprising two premium grade office towers and a retail podium, strategically located within the renowned Orchard Road precinct and next to the Somerset Mass Rapid Transit ("MRT") Station serving the North-South Line. The property also enjoys two prominent frontages along Somerset Road and Devonshire Road which provide dual drop-off and access to the development.

The immediate Orchard Road precinct is Singapore's main shopping and entertainment belt, comprising predominantly shopping complexes, serviced apartments, hotels and office buildings. The development is also well-supported by a strong residential catchment from the affluent Devonshire and River Valley areas.

TripleOne Somerset's S$120 million asset enhancement works commenced in 2Q 2016 and is on track for completion by 2019. The full suite of enhancement works include increasing the footprint of the retail podium, incorporating medical suites measuring approximately 32,000 sq ft, and refurbishing the office lobbies. In addition, the two office towers and the medical suites will be sold on a strata basis.

Property Information


Location 111 Somerset Road, Singapore 238164
Description Office: 2 towers

Retail Podium: 2 retail levels

Car Park: 2 basement levels
Tenure 99 years, expiring on 18 February 2074
Effective Interest
(%)
30
Valuation
(S$)
988,000,000
Land Area
(sq ft)
109,421
Gross Floor Area
(sq ft)
766,549
Net Lettable Area
(sq ft)
Retail: 96,510
Office & Medical: 463,756
Total: 560,2661
Operational Operational with enhancement words in progress
Anchor/Major Tenants Worley Parsons,
Parkway Group Healthcare,
Gucci Singapore Pte Ltd,
Kering South East Asia Pte Ltd
Website www.111somerset.com.sg
Notes:
  1. Excluding storage areas and strata office units handed over to purchaser as at 31 December 2017.

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