Frasers Property and Sekisui Home have shaped a 51-49 partnership to redevelop a website in central Singapore alongside the Singapore River and close to Marina Bay.
The positioning at present homes Frasers Property's serviced condominium, Fraser Place Robertson Stroll and its adjoining procuring space, Robertson Stroll, which can proceed to function till Could subsequent yr. After that, reworking work will start.
It should produce a gross space of 30,664 m2 of residential flats and business areas.
Quickly Su Lin, CEO of Frasers Property Singapore, stated: “In keeping with Frasers Property’s lively asset administration technique, we now have recognized this chance to unlock the very best and finest use returns for our 999-year-old flagship website within the coronary heart of Robertson Quay. “
He added that the proposed redevelopment is aligned with the Singapore authorities's rejuvenation plans for the Singapore River Planning Space, which incorporates Robertson Quay, Clarke Quay and Boat Quay.
Since 2011, Frasers Property and Sekisui Home have partnered and leveraged their growth capabilities to ship residential and mixed-use initiatives in Singapore and Australia.
In one other current collaboration, Frasers Property shaped a three way partnership with Metropolis Developments Ltd and Sekisui Home to develop a residential venture in Toa Payoh, Singapore, the primary residential website within the densely populated space in eight years.
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