Monthly Archives: August 2009

Work space – the next frontier

Posted on 24 Aug 2009 | Comments Off on Work space – the next frontier

DESK-SHARING may sound a little threatening to some but it is one example of the way modern offices are being reshaped to bring about efficiency and innovation.

Government agencies and companies in Singapore are looking to introduce such strategies to get the most out of their physical space.

They are following in the footsteps of global multinationals which have, for the past decade, used technology and a mobile workforce to embrace workplace strategies to cut costs and improve productivity, said Mr Peter Andrew.

He is Asia-Pacific managing director of DEGW, a London-based global strategy and design consultancy that looks at how offices can better use space and change the way people behave within that space.

Organisations in Asia are just beginning to catch on to the importance of that, he said. ‘In the past 18 months, about 90 per cent of our Continue reading →

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Posted in Office / Retail / Industrial

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Park Hotel plans listing in 2011

Posted on 24 Aug 2009 | Comments Off on Park Hotel plans listing in 2011

SINGAPORE-BASED Park Hotel Group has set its sights on listing in 2011, just in time for its 50th anniversary, although it is still mulling over the details.

‘We’re planning to list in 2011 either in Singapore or Hong Kong. We have to study the different criteria and policies the two stock exchanges are offering,’ director Allen Law told BT in an interview.

One issue that the group is still undecided on is whether to list as an equity or as a real estate investment trust (Reit). Other factors, such as how best to mitigate foreign exchange risk, will also come into play.

‘Looking at our portfolio, Singapore . . . contributes almost 40 per cent of our total revenue. In terms of trying to manage foreign exchange risk, Singapore would be a better choice,’ he pointed out, but then went on to add that Hong Kong offers better interest rates. Continue reading →

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