Leveraging data to create the workplace of the future
Located in the Zuidas business district in Amsterdam, The Edge is a 430,556 sq ft building dubbed the world’s greenest and most intelligent office building. Designed for its anchor tenant, Deloitte, the building integrates an array of smart technology and adaptable work spaces to encourage collaboration.
At The Edge, no employee has a designated workspace. Instead, a smartphone app finds employees a seat based on their schedules and preferences. Employees can choose to station themselves at a sitting desk, standing desk, balcony seat, work booth or meeting room.
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Applications for Piermont Grand, first EC launch in 2019, open on July 12
Applications for Piermont Grand, the first Executive Condominium (EC) launch this year, will be open for eligible buyers on Friday (July 12) and end on July 22. Bookings are expected to be conducted on July 27, announced City Developments Ltd (CDL), one of the developers behind the project.
Jointly developed by CDL and TID, the 820-unit Piermont Grand is located on Sumang Walk in Punggol. The development is close to two LRT stations – Sumang and Nibong – as well as Punggol MRT Station on the North-East Line.
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Mapletree Industrial Trust to embark on redevelopment project in Kallang
Mapletree Industrial Trust (MIT) will embark on a $263 million redevelopment of its properties in the Kolam Ayer 2 flatted factory cluster in Kallang. This was announced by Mapletree Industrial Trust Management (MITM), the manager of the Singapore-listed Reit. The total projected cost includes the book value of the existing properties, which are valued at $70.2 million as of March 31 this year.
The existing cluster of buildings at 155/155A and 161 Kallang Way sits on a 346,270 sq ft plot zoned for Business 2 use, and comprises two 7-storey flatted factories and an amenity centre, spanning a gross floor area (GFA) of 506,720 sq ft. The land has a 43-year tenure from July 2008.
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CapitaLand to install rooftop solar panels on six properties
Property giant CapitaLand is partnering Sembcorp Industries to install 21,240 rooftop solar panels on six CapitaLand properties by the end of the year. The installation will be the largest combined rooftop solar facility in Singapore by a real estate company.
The six properties earmarked for this installation are: 1 Changi Business Park Avenue 1, 9 Changi South Street 3, 2 Senoko South Road, 40 Penjuru Lane, Techpoint, and LogisTech. They are held under CapitaLand’s business space and industrial real estate investment trust, Ascendas Reit.
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Mixed-use building in Kallang up for collective sale at $160 mil
The owners of a mixed-use building at 27 Foch Road in Kallang have launched a collective sale attempt for $160 million, or $1,866 psf per plot ratio, announced marketing agent Huttons Asia on Monday.
Known as Hoa Nam Building, it is a freehold development on a 21,365 sq ft plot off Lavender Street in District 8. The building has a strata area of 56,123 sq ft, and comprises 36 residential units, 14 office units, and 33 shops.
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Revamped Funan Mall leverages tech to refine shopper experience
By 9am on June 28, a snaking queue had formed around the main entrance of Funan mall. While the doors officially opened to the public only at 11.30am, eager shoppers were peeking through the mall’s glass door, hoping to catch a glimpse of what awaits. Their anticipation was well-warranted.
After closing for three years for a $560 million redevelopment, the mall has reopened as a “social retail space for discovery, learning and shopping”, said Chris Chong, managing director of retail at CapitaLand Singapore, in a press release on June 28.
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Qingjian Realty launches second phase of JadeScape
Qingjian Realty (South Pacific) Group, the developer of the 1,206-unit JadeScape on Shunfu Road, has launched the second phase of sales in the project.
The developer closed its 22,000 sq ft, double-storey sales gallery – considered the largest in Singapore – at the end of May for renovation. It reopened the sales gallery on July 4. “The JadeScape Sales Gallery was renovated for homebuyers and agents [to] better experience the potential use of space in the different unit configurations,” said Yen Chong, deputy general manager of Qingjian Realty.
