Properties

VisionCrest Commercial, Singapore





In November 2023, Metro acquired a stake in VisionCrest Commercial, an 11-storey freehold Grade-A office building situated in Singapore’s prime Orchard Road area. This was through Metro’s subscription of a 40.9% stake in Vision One Enterprise Limited (“Vision One Limited”) – a joint venture company set-up with an affiliate of TE Capital Partners Pte. Ltd. (“TECP”) with the affiliate owning the remaining stake. Vision One Limited, together with an affiliate of TECP and an independent third party incorporated a joint-venture company to acquire VisionCrest Commercial, with Metro owning an effective 20% stake in the property for an investment sum up to S$40 million, and the remaining 29.9% owned by the affiliate of TECP and 50.1% owned by the independent third party.

VisionCrest Commercial is situated at 103 Penang Road and features a commercial retail podium on the ground floor with carparking facilities of 114 lots across two basement levels. The property has been awarded LEED Gold® certification by the U.S. Green Building Council, and is part of the mixed-use development that also includes the 265-unit VisionCrest Residence and the national monument House of Tan Yeok Nee, which houses the private university Amity Global Institute.