The Singapore Land Authority (SLA) confirmed on Thursday that the Atrium@Orchard will soon be sold.
This is the first time the Singapore government is selling a Grade A commercial building.
The Atrium@Orchard is located at Singapore's prime shopping and entertainment district, next to Plaza Singapura and above the Dhoby Ghaut MRT station. In a statement, the SLA said given the building's commercial value and the buoyant market conditions, it is a good time to divest it with the best value for the state.
CB Richard Ellis will be the marketing consultant on the planned sale of the building.
The Atrium@Orchard is 100% occupied by a mix of financial institutions and F&B outlets. It sits on a land area of about 9,575 square metres and comprises of two towers of 7 and 10 storeys respectively. - CNA /ls
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