In January 2019 Chelsfield Asia Fund 1 and asset manager ARA acquired Manulife Centre (51 Bras Basah Road), a 241,388 sqft mixed-use building.
The 11-storey building is located along the Orchard corridor in the Civic and Cultural District of Bras Basah, a location that has recently attracted the corporate sector.
Chelsfield’s objective is to reposition the asset into a unique office space complimented by a wide range of lifestyle amenities. The property upgrade will include creating a better sense of arrival and activating the retail space more effectively. High-quality tenants and co-working operators will be targeted in order to create a greater vibrancy for the asset.
Subject to approvals, final design and advice, the work will start in September 2019 and complete in the summer of 2020.