Lendlease Global Commercial REIT announced that bonus GFA from the URA Master Plan 20191 will be deployed to two prime units at the ground floor of 313@somerset to expand leasable unit space and unlock value for Unitholders. The Manager's strategy to deploy the additional GFA is a thought-through process since the onset of the pandemic. The tenant refresh underscores LREIT's strategy in optimising the additional leasable space from the URA scheme since the onset of the COVID-19 pandemic.

The deployment will be carried out during the fit-out periods to avoid unnecessary hoarding and disruption to other tenants in the mall. In the coming months, 313@somerset will welcome PUMA's first-ever Southeast Asia store as part of the mall's refreshed tenant mix. The bolstered portfolio of local and international F&B, fashion and lifestyle brands will also offer shoppers novel shopping options, enhancing the mall's asset value and lending support to the Singapore Government's efforts to enhance Orchard Road as a must-visit lifestyle and leisure destination.

The PUMA store will boost the range of sports and athleisure stores along Orchard Road, making the area the one-stop shopping destination for active wear lovers. The 7,100 square feet store, which includes 480 square feet of additional GFA, will carry the full range of PUMA offerings including PUMA Select. It will open its doors in June 2022.