UNITED Engineers (UE) has won a new project at Changi Business Park with an estimated development cost of $280 million.
The company said yesterday that its wholly owned subsidiary, United Engineers Developments Pte Ltd (UED), has been awarded the Built-to-Suit project by the Jurong Town Corporation (JTC).
The project involves UED undertaking a development to be named the Global Centre for Information and Communication (Centric Singapore).
This will comprise four main components: a business centre to house 200 IT companies; an IT training hub comprising exhibition and convention halls, an auditorium and seminar rooms; a business hotel with 200-300 rooms; and office and retail space.
The development is part of JTC’s master plan to build the Changi Business Park into an active urban development with two separate activity hubs linked by an attractive green garden environment with kiosks, sculptures and performing venues, UE said.
Centric Singapore will be sited on a land area of 29,000 square metres with an expected built-up gross floor area of 72,500 sq m.
Centric Management AG, Switzerland, an ICT hub specialist, will be the anchor tenant for the business park space.
‘With an unbeatable location at the Changi Business Park at the interchange of the existing Expo MRT station and the new MRT station to be built under the future Eastern Region Line, the project is sited at an extremely attractive catchment area, and is ideally positioned to become an Information and Communication Technology (ICT) hub,’ UE said.
Construction is slated to commence in 2008, and targeted for completion in 2011.
Source : Business Times - 1 Dec 2007