CapitaLand Group to operate from a single location at Capital Tower by 2015

The CapitaLand group of companies, now operating from several office locations in Singapore, will all move to the group's corporate headquarters in Capital Tower by 2015. -- FILE PHOTO: BLOOMBERG
The CapitaLand group of companies, now operating from several office locations in Singapore, will all move to the group's corporate headquarters in Capital Tower by 2015. -- FILE PHOTO: BLOOMBERG

CapitaLand Group is keeping its current headquarters at Capital Tower and will centralise all its business units there by 2015, the property giant said on Thursday.

The announcement that it will operate from the central business district (CBD) area reverses earlier plans to move to the mixed development Westgate Tower in Jurong by 2015. Last year in August, CapitaLand had said that it would move its operations there while retaining a city office at Capital Tower.

CapitaLand said that the decision was made after a strategic review of the total office space requirement and available options.

Presently, CapitaLand operates from several locations in Singapore. They include Capital Tower, Robinson Point and AXA Tower which are in the CBD and Wilkie Edge on Wilkie Road. The move will take place between 2014 and 2015.

The decision reinforces the rationale of the organisational changes made earlier this year to improve integration and efficiency.