Publicis Groupe, an international advertising and PR company, has recently taken up 55,000 sq ft of Grade A office space at Guoco Midtown’s 30-storey office tower. This comes after Colliers International negotiated the deal, with rents for such offices in this area reportedly coming in at around $9.90 psf per month. The consultancy has not revealed the exact rent that Publicis Groupe paid for the space.

As part of the mixed-use Guoco Midtown project from GuocoLand at Beach Road, the office tower features a traditional floor plate configuration from the eighth to 29th floors. It also includes a landscaped Sky Park on the seventh floor, each of which has an average floor-to-ceiling height of 3.3m and a central core floorplate of about 30,000 sq ft.

Along with the office tower, the project also consists of three retail clusters – Midtown Square, Midtown Market, and Midtown Common, and two condominiums – Midtown Modern and Midtown Bay.

JCube Residence Capitaland is set to be replaced by the 40-storey condominium, commercial, and lifestyle development located in the heart of Jurong East. This new development by JCube Residence Capitaland is set to feature distinctive living concepts within one compact development. It will include communal outdoor facilities, luxury modern interiors, and leisure amenities. This strategic move is in line with CLD’s commitment to enhance the vibrancy of Singapore’s suburban spaces and create a more liveable city.

In January this year, GuocoLand obtained a temporary occupation permit for the office tower. At the time, it was already pre-committed by about 80%.

In addition to Publicis Groupe, other international entities such as Pacific International Lines, BASF, NetEase Interactive Entertainment and VP Bank have made their way to the Guoco Midtown office tower.

This news follows other developments such as the conservation shophouse on Purvis Street being put up for sale at a price of $17.8 million, as well as strata office units being offered at The Plaza for $7.44 million.