Singapore, 9 April 2019 – Real estate management services group LHN Limited (“LHN”, and together with its subsidiaries, the “Group”), wishes to update shareholders of the Company that we have secured a single tenant, Hmlet Township 2 Pte Ltd, (“Hmlet”) a subsidiary of Hmlet Pte Ltd, for the whole premises at 150 Cantonment Road (“Property”). Hmlet is a company that currently operates co-living spaces in Singapore, Hong Kong and Australia.
Located at 150 Cantonment Road, the Property is in the prime Tanjong Pagar/Cantonment Downtown Central Business District precinct and is conveniently located near to Tanjong Pagar MRT Station and Outram Park MRT Interchange. It has a site area of approximately 76,000 square feet, about the size of a football field, with a gross floor area of approximately 48,000 square feet. The Property was the former Keppel Primary School, before being used as the headquarters of the Corrupt Practices Investigation Bureau from 1998 to 2004.
The Group is currently working with Hmlet to fully customise the design and renovation of the Property to operate it as a Hmlet Serviced Residences, which will reposition the Property as a co-living space and value-add to the Property, unlocking its full potential. Additional facilities such as a raised deck pool, gym and an all-day in-house Cafe will be added to the Property. The Group targets to handover the Property to Hmlet in the third quarter of 2019.