M A N A G E R ’ S R E P O R T
ASSET ENHANCEMENT INITIATIVES – ON-GOING
2 Senoko South Road
Well-located within JTC’s designated Food Zone in Senoko area,
2 Senoko South Road will be converted from the existing single-
tenant food factory into a multi-tenant light industrial food
building. The proposed works will involve the reconfiguration of
floor layout, installation of mechanical ventilation for sub-divided
units, new loading/unloading bays, new cargo lifts, toilets etc.
Post-enhancement, 2 Senoko South Road will be well positioned to
cater to tenants looking for units with good specifications for their
food production, processing, storage and central kitchen activities.
The enhancement works are expected to complete by 4Q 2015.
40 Penjuru Lane (formerly C&P Logistics Hub)
40 Penjuru Lane is located in the Jurong Industrial Area and was
acquired on a sale-and-leaseback basis in 2004. The enhancement
work includes building a new four-storey warehouse block with
GFA of 24,111 sqm over the existing vacant open container
yard. This new block will be connected to the existing 40 feet
vehicular ramp and driveways, greatly improving the utilisation
of the premises. The asset enhancement works are expected to
complete by 4Q 2015.
Techlink & Techview
Techlink and Techview are multi-tenant high-specifications
industrial properties located within the Kaki Bukit Industrial
Estate. GFA at Techlink will be increased by 1,820 sqm, creating
prime space for showrooms on level 1 and more business space
on level 2 and 3. Techview, which is well-located next to the
upcoming Kaki Bukit MRT station, has been upgraded with
amenities such as walkway to the new MRT station, new food
court and upgraded lifts and toilets to enhance the marketability
of the building. The completion date of the asset enhancement
works is estimated to be in 4Q 2015.
SSPARKLE @SP2 (Gemini-Aries link)
Located in Singapore Science Park II, both The Gemini and
The Aries are four-storey research and development buildings.
The asset enhancement works will maximise unutilised plot
ratio and enhance connectivity between the buildings. The
additional amenities space of approximately 2,100 sqm, known
as SSPARKLE @SP2, will enhance vibrancy in the Park, benefit
existing tenants and improve marketability of the properties
within Singapore Science Park II. SSPARKLE @SP2 is expected
to complete by 2Q 2015.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
