SEO Version
ANNUAL REPORT FY 13/14
41
DEVELOPMENT PROJECTS
Four Acres Singapore
In April 2013, the Manager completed the development of
Four Acres Singapore, a global development & training centre
for Unilever, at an estimated total development cost of S$58.7
million (inclusive of S$26.4 million land premium paid upfront).
The facility is Unilever’s second global leadership development
centre in the world and its frst in Asia. The Manager is pleased
to report that the facility has been accorded the Green Mark
(Platinum) award, the highest accolade in the design and
construction of green, sustainable buildings.
Nexus @one-north
The development of Nexus @one-north, a premium business
space in Fusionopolis, was completed in September 2013 at
a total development cost of S$181.3 million. Fusionopolis at
one-north is dedicated to research and development in the
Infocomm Technology, Media, Physical Science & Engineering
industries. This facility is made up of two blocks of six-storey
business and offce space, a landscaped skybridge and a central
landscape plaza. The facility has been accorded the Green Mark
(Platinum) Award. Nexus @one-north is A-REIT’s third property
in the one-north region.
DBS Asia Hub Phase 2 (Development in progress)
An extension of the existing DBS Asia Hub, DBS Asia Hub Phase
2, caters to DBS Bank’s increasing business space requirement
within the Changi Business Park. The development of Phase 2
will create a new six-storey business park annex building with
an estimated gross foor area of 7,081 sqm. The development
is scheduled to complete in 2Q 2015. Upon completion, DBS
Bank has committed to lease the entire block until July 2020 to
coincide with the lease expiry of the DBS Asia Hub. DBS has the
option to renew the leases for both buildings for another three
terms of three years each.
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