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A-REIT submits S$110m bid for business park site at Fusionopolis

Posted on 22 May 2011 | Comments Off

Mainboard-listed Ascendas REIT (A-REIT) has submitted a S$110 million bid for a business park site at Fusionopolis.

A-REIT said this property, together with its existing properties within the one-north region and the neighbouring Science Park I and II, will enhance its market leadership position in the Business & Science Parks segment.

The trust is planning to develop the business park site into a modern suburban business facility, comprising 60 per cent business park space and 40 per cent office space.

It also hopes to attract tenants in the Infocomm Technology and media industries, as well as R&D activities in Physical Science and Engineering.

A-REIT said the total development cost of the property is not expected to exceed 3.3 per cent of A-REIT’s deposited property as at 31 March 2011.

The 6,253 square metre site, with a 60-year land lease tenure and an allowable plot ratio of 4.0 times, is located in the one-north master plan region.

The tender for the site was launched under the Government Industrial Land Sales Programme by the Jurong Town Corporation.

Source : Channel NewsAsia – 20 May 2011

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Posted in Funds

Tagged A-Reit, Fusionopolis, Real estate investment trust, REIT, Science Park I and II

A place to work, live, play and learn

Posted on 22 Sep 2009 | Comments Off

Fusionopolis is nothing like the large cold test bed that people often mistake scientific research centres to be

HUSHED laboratories, complex equipment and stern researchers in white coats – these are the stark images that most people associate with scientific research centres. But step inside Fusionopolis, and it becomes clear that the place is nothing like a large, cold test bed. Singapore’s major research hub for the science, engineering, infocommunication and media industries is decked with sky gardens, restaurants, a fitness centre and even a theatre.

For fun: With recreational facilities like a fitness centre that would rival a small mall’s, Fusionopolis is not just a place for working hard, but for playing hard too. And its doors are open to both researchers and the public

With recreational facilities that would rival a small mall’s, Fusionopolis is not just a place for working hard, but for playing hard too. And its doors are open to both researchers and the public.

Fusionopolis ‘will provide an exceptional environment for the integration of working, living, playing and learning’, says JTC Corporation in its FY2008 annual report

Eating well

There is hardly a reason for anyone at Fusionopolis to go hungry when there are plenty of food and beverage outlets around.

For the daily dose of caffeine, there is Starbucks Coffee, Black Canyon Coffee or Ya Kun Toastwich (this Ya Kun outlet is said to be one of only two in Singapore which sells sandwiches).

There is also a wide variety of establishments catering to the Asian palette, from Koryo (Korean) Restaurant, Shin Nichi Japanese Restaurant to Fai Gor Hong Kong Cafe. Western food is available from Eighteen Chefs Trattoria, and patrons can catch jam sessions on some Tuesdays. Continue reading →