VivoCity. Singapores Largest Multi-Dimensional Retail & Lifestyle Destination to open in October 2006

20/04/2006



20 April 2006, Singapore - VivoCity, Singapores largest and most iconic retail and lifestyle destination, recently celebrated the completion of its main structure with a Topping-Out Ceremony. The event, which was officiated by Mrs Lim Hwee Hua, Minister of State for Finance & Transport, was attended by some 300 guests from embassies and high commissions, and various sectors including retail, food & beverage, arts, entertainment, health & sports, and media.

With the completion of the main structure, VivoCity is expecting to receive its Temporary Occupation Permit (TOP) in October this year. With six more months before its opening, VivoCity has already achieved 80% tenancy level and expects to be fully leased by the time it commences operations.

Anchor tenants include Golden Village, Dairy Farm and Tangs Department Store. Other signed-up tenants include fashion and lifestyle brands such as Ted Baker, Pull & Bear, Gap, TopShop, TopMan, Miss Selfridge, Nichii Fashion City, Zara, Mango, Liz Claiborne, KidStyle, Coccinelle, Metropolitan Museum of Art New York, Guess, Canon; as well as F&B outlets like Kim Gary HK Caf?, Chefs Kitchen by Crystal Jade, Megabite, Pacific Coffee Company, and more.

At the Topping-Out Ceremony, Mapletree Chairman Edmund Cheng announced that VivoCity will create some 7,000 jobs. It will hold a Job Fair in June to help its tenants recruit these staff, and train them for service excellence. Mapletree is the developer of VivoCity.

(Photo Caption) Sharing a toast at VivoCitys topping out ceremony were VIPs, from left: Mr Hiew Yoon Khong, CEO, Mapletree;

Mr Tang Wee Sung, Chairman & CEO, CK Tang;
Mr Robert Kirby, Chairman, Village Roadshow;
Ms Ho Ching, Executive Director & CEO, Temasek Holdings; 
Mr Liew Mun Leong, CapitaLand Group President & CEO; 
Guest-of-Honour Mrs Lim Hwee Hua, Minister of State for Finance and Transport; 
Mr Richard Hu, Chairman, CapitaLand Group; 
Mr Edmund Cheng, Chairman, Mapletree Investments; 
Mr Toyo Ito, architect of VivoCity; 
Mr Masafumi Saito, Executive Officer & Head of International Divisions Group, Penta Ocean Construction; 
Mr Raymond Chow, Chairman, Golden Harvest; and 
Mr Jeff Shaw, Country Manager, Dairy Farm Singapore.

VivoCity will contribute to the revitalisation of Singapore as a tourism destination. With its bold iconic architecture, a diverse mix of 300 outlets, featuring new-to-market brands and innovative concepts, as well as an exciting year-round calendar of signature events and festivals, VivoCity is set to redefine a new lifestyle experience in Singapore that is vibrant, stimulating and accessible to everyone.  

About VivoCityWith over 1 million square feet of lettable floor space attracting a diverse mix of over 350 retailers, large event space, including a 1000-seat amphitheatre and a 300m harbour front boardwalk, VivoCity is set to become Singapore's largest and most diverse retail and lifestyle destination when it opens to the public in the fourth quarter of 2006. Designed by world-renowned architect, Toyo Ito, VivoCity will be the centre-piece of Singapore's newest lifestyle hub at the HarbourFront, which also includes Sentosa, Mt Faber, the Singapore Cruise Centre and the St James Power Station.

About Mapletree Investments Pte Ltd 
Mapletree, the developer of VivoCity, is a leading real estate company with an asset base of approximately S.9 billion, comprising office, retail/lifestyle logistics/industrial, and high-tech industrial properties. It is committed to shaping new ways to deliver value to its stakeholders from multiple real estate investments and services. With its significant expertise, diverse skill sets and intimate knowledge of the property industry in Singapore and Asia, Mapletree is well-positioned to be an ideal strategic real estate partner in providing innovative real estate solutions and investment products.

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