Jewel gives CapitaLand platform to showcase capabilities in pursuit of global growth
Singapore
JEWEL Changi Airport, which has created a global stage for some of Singapore's best brands, is expected to start contributing to developer CapitaLand's revenue from the second quarter of this year.
Jewel is not the group's biggest retail asset in its portfolio; for instance, Suzhou Center Mall and Raffles City Chongqing have a retail gross floor area (GFA) of about 300,000 square metres (sq m) and 230,000 sq m respectively. But it is still a significant one for the group in Singapore.
"The successful opening of Jewel demonstrates CapitaLand's multi-faceted capabilities in real estate development; and highlights the unlimited possibilities we have in enlivening an airport precinct with retail at its core," said Jason Leow, president and chief executive officer of Singapore & …
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