Pointing to the future
On 9 February 2018, CapitaLand Limited (CapitaLand), CapitaLand Commercial Trust (CCT) and Mitsubishi Estate Co., Ltd broke ground for a new 51-storey integrated development in Raffles Place, set to rejuvenate the CBD with a thriving and green vertical community.
The groundbreaking ceremony was officiated by Mr Lawrence Wong, Singapore’s Minister for National Development and Second Minister for Finance. The former Golden Shoe Car Park (GSCP) will be transformed into a vertically integrated community comprising 635,000 square feet of Grade A office space, a 299-unit Citadines serviced residence and ancillary retail space. The popular Market Street Food Centre will also return, occupying two floors in the development.
Mr Lim Ming Yan, President and Group CEO of CapitaLand, said: “Buildings can no longer be designed with a singular purpose or customer profile in mind – the definition of work is rapidly evolving and will continue to take on new forms. With our deep expertise in developing and managing offices, malls, serviced residences and integrated developments, CapitaLand is in a unique position to lead the charge in creating future-ready, work-live-play developments that will galvanise the community. Anchoring the rejuvenation of Raffles Place, the upcoming integrated development will set a new benchmark for workspaces of the future as we harness the best-in-class design, engineering and smart technologies to empower occupants with new levels of flexibility and mobility.”
Designed by Danish architect Bjarke Ingels Group in collaboration with Italy’s Carlo Ratti Associati (CRA), the new integrated development is slated to be completed in the first half of 2021.
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