Soilbuild breaks new ground at Fusionopolis

Soilbuild breaks new ground at Fusionopolis

Phase 2B kicks off with Solaris, a ‘green building’ for creative industries

 

SOILBUILD Group Holdings staked its claim as the first private developer at one-north business park Fusionopolis yesterday.

 

‘Following the award of Fusionopolis Phase 2B in April, Soilbuild will develop and lease out its new flagship project Solaris to businesses in the research and development-based science, engineering, infocommunications and media industries,’ Soilbuild executive director Low Soon Lim said at the ground-breaking ceremony yesterday.

 

Solaris, for the creative industries, is a 15-storey ‘green’ building that is expected to save $500,000 to $700,000 a year in water and electricity charges at full occupancy rates.

 

With a gross floor area of about 540,000 sq ft, Solaris is estimated to cost about $148 million and will house a mixture of multinational private firms, research laboratories and retail space. It is expected to be completed by the first half of 2010.

 

Construction of Solaris comes on the back of strong demand for business space in Fusionopolis.

 

‘With Fusionopolis Phases 1 and 2A attaining full occupancy before their official completion, I am confident that Solaris will receive similarly strong interest,’ Trade and Industry Minister Lim Hng Kiang said at yesterday’s ground-breaking ceremony.

 

Soilbuild was awarded the project by one-north’s master developer JTC Corporation under a concept and fixed-price tender.

 

Solaris will be the first of many private developers at Fusionopolis as part of a plan for large private participation as a whole.

 

JTC assistant chief executive Philip Su said that Phases 3 and 4 of Fusionopolis, expected to be ready by 2013, will also be developed by the private sector. The tender for Phase 3 will be out by this year.

 

‘While JTC is good at building labs like the ones in Fusionopolis Phase 2A, the private sector is best at building business park space,’ he said. ‘They keep costs down, are more efficient and complete it in a shorter amount of time. JTC should not do what the private sector can do better.’

 

Phases 3 and 4, with a gross floor area of 50,000 sq m, will mainly comprise general amenities needed to support the businesses in Phases 1 and 2 at Fusionopolis.

 

Besides Fusionopolis, one-north houses the Biopolis, a biomedical science research and development area, and Wessex Estate, a residential area.

 

Source: Business Times

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