Nikon Singapore is relocating their SEA Headquarters to 18 Tai Seng. Corporate Locations is very proud to have acted for Nikon in sourcing their new office. Early in 2021 Nikon will be relocating from Mapletree Anson to 18 Tai Seng, the relatively new prestigious mixed development directly above Tai Seng MRT station, which is on the Circle line.
This was a particularly astute deal as they took advantage of being able to qualify as a B1 Light Industrial / Business space user. They were able to do this by incorporating a service centre in a large part of the premises, and in doing so they were able to achieve substantial rental cost savings.
New B1 / Business Park space these days is just as good as new office schemes, in many cases with high quality finishes, floor to ceiling windows and many amenities within the scheme. However, because the tenants must qualify, based on the industry they are in or specific use of the premises, the market is far more limited, and hence the rental rates can be as much as 60% lower than open market rates for pure office space.
We congratulate Nikon Singapore on securing an excellent deal on such good quality office space, and wish them the very best at their new address.
For more information, view our latest
Office Market Update