80 Bendemeer Road, Singapore Located in a prime city-fringe spot in Kallang Industrial Estate, the 10-storey premier industrial property is minutes away by foot from Boon Keng MRT station and Bendemeer MRT station. Well-served by three major expressways, it is a short drive away from the CBD. The building has been awarded the BCA Green Mark Gold certification. Enhancement works include refurbishment of the interior design of the main lobby as well as a new self-serve pantry to improve the overall tenant and visitor experience. An additional service lift was constructed to improve accessibility between floors. Total project cost: S$3.5 million Completion date: 17 February 2025 Perimeter One, Raleigh, the US Perimeter One is a five‑storey business space building located in Raleigh, North Carolina, within the established Perimeter Park business district. The property offers convenient access to a range of communal amenities—including a fitness centre, conference centre and cafeteria—all connected through landscaped walking trails. The property underwent upgrades that included transforming the main lobby into a modern, hospitality‑inspired lounge to create a more welcoming arrival experience. In addition, the outdoor patio was revamped and refreshed, providing improved amenities that support tenant well‑being, outdoor engagement and informal collaboration. Total project cost: S$1.3 million Completion date: 30 September 2025 Aperia, Singapore Aperia is an iconic high-specifications industrial building located in the CBD fringe. The property is well served by three MRT stations (Lavender, Kallang and Bendemeer) close by, and multiple bus services along Lavender Street and Kallang Road. Comprising two high-rise towers and a three-storey retail mall, Aperia’s premium space and convenient lifestyle offerings has attracted tenants from a wide range of industries. The property has been awarded the BCA Green Mark Platinum certification. Aperia’s drop‑off point has been upgraded and new entrances were created for a seamless arrival experience for tenants and visitors. Within the retail mall, circulation has been improved to increase footfall with the extension of an existing retail street on the ground floor, allowing for an expanded mix of F&B options with better visibility across retail fronts. Total project cost: S$22.7 million Completion date: 29 October 2025 The Manager’s Review of FY 2025 CapitaLand Ascendas REIT 26
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