City Developments: The Palais Renaissance unveils a luxurious new look with exciting multi-sensory experiences
Singapore, October 10 2022 – The Renaissance Palace (Palace), an exclusive shopping center on Orchard Road owned and managed by City Developments Limited (CDL), unveils a new look following the completion of a major Asset Enhancement Initiative (AEI). The rejuvenation, totaling around S$7 million and starting in 2021, has transformed Palais into more than just a shopping destination, offering a new sensory experience.
Improvements include an expanded main entrance and ground floor al fresco dining area overlooking Orchard Road, transforming the area into a bustling, porous streetscape that seamlessly blends public and private spaces, allowing passers-by to soak up the atmosphere and activities at the mall.
A complete overhaul has been applied to the interiors of the Palace with a soothing palette of warm hues applied to the exquisite stonework that runs through the curved atrium. Hand-picked materials – such as copper, marble and gold trim – take the splendor to another level with artisanal techniques like marquetry and hand-made mosaics that enhance the classic Renaissance look.
Other enhancements to the mall include escalators in the basement to improve accessibility and an elegant infinity wall of mirrors in the basement – an eye-catching spot specially designed for visitors to capture picture-perfect moments at the Palace.
Improvements have also been made for office tenants, with geometric arcs and curves in common areas and improved elevator lobbies.
Mr. Sherman Kwek, Managing Director of CDL Groupsaid: “The continued rejuvenation of our portfolio is a key part of our business strategy through which we seek to improve our assets and elevate their performance. Since 2019, we have completed several major AEIs, including Republic Plaza, Le Grove Serviced Residences and King’s. interiors, but also for the improved mix of tenants filled with many new dining offerings. upgrades, we also introduced our smart building owner app CityNexus to improve the day-to-day operations of our tenants. After the AEI, the mall has now achieved full occupancy and positive rental reversion.
Unveiling of novelties at the Palais
Home to renowned establishments such as the Michelin starred Sushi Kimura (#01-07),PS.Café (#02-09A), Thanks Marcel (#01-03)and premium whiskey library The Writing Club (#02-10), Palais has recently welcomed several new-to-market restaurant concepts, further expanding its F&B repertoire. 75% of tenants are found exclusively at the Palais in Singapore.
New Gastronomic Experiences
The refreshed mall introduced a range of impressive new dining concepts such as Estuary (B1-04)an elegant seafood restaurant and oyster bar that is a paradise for pescatarians, Caviar (B1-07)which offers the largest selection of exquisite caviar on the island, as well as Ishinomaki Tasting (B1-01), an intimate space, by reservation only, which offers exclusively selected menus and tailor-made wine, sake or spirit pairings. Dessert lovers will be able to enjoy artisanal desserts at the Cake bar (#01-07A) to sweeten their day.
New lifestyle offers
Some of Palais’ latest lifestyle additions include Mutiny (#01-08/09)a boutique gym that caters to guests of varying fitness levels, offering thrilling Xformer™ workouts and meditative yoga sessions, as well as Artifact (#01-06), a store beloved by professional chefs and customers alike for its thoughtful ceramic wares that enhance any table setting or home space. LuxeHouze (#02-03) also launches its first-ever physical store, allowing collectors and watch enthusiasts to trade and purchase valuable timepieces in person.
Ms. Callie Yah, Executive Vice President of CDL, Head of Global Asset Management Divisionsaid: “The rejuvenation of the Palace has attracted a range of specially selected dining concepts such as Estuary and Caviar and unique lifestyle concepts such as Mutiny and Artifactt, found exclusively at the Renaissance Palace. With a mix of carefully selected tenants, coupled with the different aesthetics and functional improvements made to the property, Palais offers an inviting and uplifting experience for both buyers and tenants.”
For the full list of Palais tenants, please refer to Appendix A.
Presentation of the CityNexus smart building application to the Palais tenant community
Originally launched in the Republic Plaza office community in September 2019, CDL introduced its exclusive CityNexus app to the Palace, making it the first commercial building in CDL’s portfolio to feature a unique smart building app which aims to improve the experience and day-to-day operations of its tenants by facilitating greater convenience and increased productivity.
In addition to the existing features of the smart building, Palais tenants will be able to access new features in CityNexus. They include a self-service tenant portal where tenants can access rental information and invoices, as well as update information and staff remotely. Tenants can also track their requests and transactions.
Reflecting CDL’s focus on sustainability and digitization, CityNexus will bring greater convenience to tenants, with digital documents such as e-invoices and rental agreements made available through the app. Additionally, electronic payment methods are being explored to allow tenants to make rental payments through the app. The solution is expected to save more than 100,000 sheets of paper per year.
CDL will continue to release new features to meet changing customer needs and introduce CityNexus to an even wider audience to deliver an enhanced customer experience.
Spending Rewards at the Palace
To celebrate its renewed experience, Palais is holding an exclusive raffle that includes prizes like astay at the St. Regis Singaporean intimate dinner for two at the gastronomic restaurant Caviar, and gift vouchers up to S$1,000.
Of now until October 31, 2022Get a chance to win one of the following prizes for every S$300 spent in Palais stores, with a maximum of 4 chances per day:
1st prize: 2D1N stay at St. Regis Singapore (including Afternoon Tea Experience) worth S$600++, Dinner for two at Caviar worth S$228++ and $1,000 CDL gift vouchers
2nd Prize: Caviar Dinner for Two worth S$228++ and S$800 CDL Gift Vouchers
3rd Prize: Caviar Dinner for Two worth S$228++ and S$500 CDL Gift Vouchers
*Terms and conditions of application. Full information is available at palace.sg.
Get ready to dive into a new retail experience at the Palace. Visit the Palais website for a full directory of tenants and additional information on promotions and events.