As the Mansions fronted the theatre, the large movie billboards announcing the latest films were placed on its frontage, resulted the two buildings so closely associated that one was often mistaken for the other.

However, under the Control of Rent Act 1953 in Singapore law, the Shaw Organisation had to provide compensation to its current tenants which proved a challenge to them.

[8] In 2000, the Singapore Tourism Board took over the two buildings to explore alternative uses for it, but plans to turn it into a home for an arts group was languished and the cost of refurbishment was exorbitant.

The 4 adjoining buildings currently rest on an area of about 1.45 hectares with a total of 250 tenants, including offices and retail outlets.

[11] This project consist of Singapore's largest cinema cum theatre complex, 6 stars luxury hotel & retail shops, with a total size of 21,000 m2.

[12] The redevelopment of the complex had since completed, its topping out ceremony held on 3 April 2014,[13] its adjoined Capitol Theatre officially reopened on 19 May 2015 after the 17 years hiatus with the world premiere of Singapura: The Musical.

[15][16] By 2016, the project stalled when disagreement arose within the consortium, and the hotel spread across Capitol Building and Stamford House failed to open although a Temporary Occupation Permit was given in October 2017.

The deadlock was broken by a settlement made in the High Court in January 2018 and, in March, Perennial bought out Chesham Properties for about $528 million.