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Monthly Archives: September 2009

Jurong Isle to get new facilities

Posted on 27 Sep 2009 | Comments Off

JURONG Island, the centrepiece of Singapore’s petrochemical industry, is getting a major infrastructure upgrade.

A new barge terminal and a second road to the mainland to ease traffic congestion and improve logistics will be built by industrial landlord JTC.

These new projects are in addition to the ongoing construction of the billion-dollar underground Jurong Rock Cavern for storing petrochemicals and oils.

The additional infrastructure work was announced by JTC chairman Cedric Foo yesterday at a ceremony to mark the completion of Jurong Island’s 14-year land reclamation project.

The huge undertaking was finished ahead of its original intended target of 2030 to meet a surge in demand for development space.

Mr Foo told the media later that some companies had indicated that they would resume Jurong Island projects postponed because of the financial crisis now that the economy was looking up. Continue reading →

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Posted in Office / Retail / Industrial

Tagged JTC, Jurong Island, Jurong Rock Cavern, Singapore Industrial

More brands at Marina Bay IR

Posted on 27 Sep 2009 | Comments Off

MARINA Bay Sands (MBS) yesterday announced more luxury brands that plan to take up space at the integrated resort – such as Louis Vuitton, Gucci, Prada and Yves Saint Laurent.

CRYSTAL PAVILION
The ‘island’ store that Louis Vuitton plans to float on the water in front of the Marina Bay resort. Louis Vuitton, Gucci, Prada and Yves Saint Laurent are among the luxury brands set to take up space at the resort

Right now, close to 80 per cent of shops at the MBS integrated resort have been let. The US$4.5 billion resort, which is set to open next year, has about 300 shops and 800,000-plus square feet of retail and restaurant space. About half of the retail space will be up and running when the first phase of the project opens in Q1 2010.

New retailers unveiled yesterday include Bottega Veneta, Bulgari, Burberry, Miu Miu, Omega and Patek Philippe. They join names such as Chanel and Tiffany & Co, which have said earlier that they are taking up space at the Marina Bay Sands Shoppes.

Louis Vuitton plans to open a unique ‘island’ store that will ‘float’ on the water in front of the resort, which is expected to be a highlight. The store will be a striking glass-and-steel crystal pavilion that will sit on the waters of Marina Bay, MBS said.

‘This unique Louis Vuitton store at Marina Bay Sands speaks volumes about the visibility and credibility we have established in the retail community,’ said David Sylvester, vice-president of retail for Asia at US-based Las Vegas Sands, which is developing the resort.

‘Retailers recognise the quality of Marina Bay Sands which will attract high-level visitors from Singapore and beyond because of our winning combination of luxury brands, celebrity chef restaurants, a luxury hotel, a casino, expo and convention facilities, and world-class entertainment under one roof.’

Source : Business Times – 26 Sep 2009