Seletar Aerospace Park Phase 1 fully taken up

Seletar Aerospace Park Phase 1 fully taken up

 

Land allocated to four big existing tenants; Phase 2 marketing in progress

 

By VEN SREENIVASAN

 

PHASE 1 of Seletar Aerospace Park (SAP) has been fully taken up, says developer JTC Corporation.

 

The land around the former West Camp, comprising 12 per cent of the proposed 140 hectare industrial park surrounding Seletar Airport, has been allocated to four companies.

 

These are existing tenants ST Aerospace and Jet Aviation, and newcomers Rolls-Royce and Pratt & Whitney.

 

Earlier this year, Rolls-Royce broke ground on a $320 million Trent aero-engine facility at SAP, while engine-maker Pratt & Whitney is building a US$30 million, 105,000 sq ft facility there.

 

ST Aero is spending $17.3 million to build a two-bay hangar, while Jet Aviation is extending its existing facility.

 

JTC is now marketing Phase 2 and is ‘in talks’ with interested parties. ‘As the final touches are put to infrastructure works for Phase 1, JTC has started laying the infrastructure for Phase 2,’ a spokeswoman said.

 

‘This includes the development of a new multi-storey building to house aerospace-related businesses that are non-runway-dependen t, such as aviation insurance, flight chartering, aircraft financing and leasing.’

 

By the third quarter of this year, JTC will launch a concept and fixed-price tender for the multi-storey commercial building, inviting private developers to build and manage it.

 

‘It is part of JTC’s efforts to promote private-sector participation in industrial development and create a dynamic landscape,’ the spokeswoman said.

 

‘It is also to optimise land use and locate as many aerospace companies as possible at SAP, which will cater to companies big and small.’

 

JTC is making sure the infrastructure at Seletar keeps pace with strong demand from the aerospace industry. It is upgrading and expanding roads in the area.

 

And at East Camp it is building a substation that will supply power to the entire aerospace park and airport. SAP is a strategic national project to anchor major aerospace activities in Singapore.

 

The park will host an integrated aerospace industry cluster incorporating maintenance, repair and overhaul, design and manufacturing of aircraft systems and components, business and general aviation, and an aviation campus to train pilots, other industry professionals and technical personnel.

 

When completed in 2018, SAP is expected to elevate Singapore’s status as an aviation hub, contribute $3.3 billion a year or one per cent of GDP and create employment for 10,000 people.

 

Source: Business Times

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