CapitaLand Secures 6-Year Contract to Manage Kallang Wave Mall and Singapore Sports Hub Retail Spaces
CapitaLand Investment has been entrusted with the management of Kallang Wave Mall and the retail spaces within the Singapore Sports Hub. This management agreement is set to span six years, commencing from April 1, 2024, and concluding on March 31, 2030. Stellar Alpha, the current operator, has been overseeing these spaces since the Singapore Sports Hub’s inauguration in 2014, as confirmed by Kallang Alive Sport Management (KASM) on Friday, November 10.
In addition to taking over management, CapitaLand will introduce its shopping rewards programs, CapitaStar and eCapitaVoucher, at Kallang Wave Mall. As the new retail operator, CapitaLand will collaborate with KASM to assess and enhance the shopping experience, which may involve reconfiguring spaces and revitalizing the retail offerings.
Chris Chong, Chief Executive Officer of Retail and Workspace for Singapore and Malaysia at CapitaLand Investment, expressed enthusiasm about the partnership: “We are delighted to join forces with KASM in supporting their vision for the Singapore Sports Hub and the broader Kallang precinct, establishing it as the preferred lifestyle and entertainment hub for both local residents and tourists.”
KASM stated, “The appointment of CapitaLand as the new retail operator for the Singapore Sports Hub aligns with our strategy and introduces a fresh dimension to the unique experiences that patrons can look forward to.”
The Singapore Sports Hub, located on a 35-hectare site in Kallang, features various sports facilities and stadiums, along with 41,000 square meters of commercial space in Kallang Wave Mall.
