7 & 9 Tampines Grande

In April 2019, Metro acquired two blocks of Grade-A eight-storey office towers namely 7 & 9 Tampines Grande through a 50% interest in a joint venture.

The property, which has a site area and gross floor area (“GFA”) of approximately 86,110 sqft and 361,660 sqft respectively, is strategically located in Tampines Regional Centre in Singapore, a 25-minute drive from the CBD, a 10-minute drive from Changi Airport and a 5-minute walk from Tampines MRT interchange that is part of both East-West and Downtown lines.

The property enjoys high committed occupancy of approximately 91% as at 30 June 2019 and has a well-diversified mix of reputable tenants. The acquisition represents an excellent proposition for the Group to mark its entry and exposure to Singapore’s limited Grade-A decentralised office market.