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Boustead Projects unit clinches JTC tender to develop business park at Mediapolis

Monday, November 21, 2016 - 18:15

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BOUSTEAD Projects Limited's wholly owned unit has clinched a contract from JTC Corporation to develop a multi-tenanted business park development at the Mediapolis.

BOUSTEAD Projects Limited's wholly owned unit has clinched a contract from JTC Corporation to develop a multi-tenanted business park development at the Mediapolis.

JTC had launched the site under a concept and price tender in June, with a land lease period of 30 years, land area of 9,872.5 sq m and a proposed allowable gross floor area (GFA) of 39,490 sq m.

BP-DoJo LLP was awarded the site based on its innovative development concept and a winning bid price of S$88.9 million, evaluated from among three competing bids, said Boustead Projects on Monday.

This marks Boustead Projects' first project at the 19-ha Mediapolis and third project within JTC's one-north, following the recently completed development of GlaxoSmithKline's new global headquarters for Asia and the completed design-and-build of Seagate International Design Center - The Shugart in 2015.

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Construction of this development is expected to commence in the first quarter of next year and be completed by the fourth quarter of 2018.

The development is planned as a 12-floor business park building with two basement levels, located at the junction of one-north Avenue and Media Circle, and a short distance from the Ayer Rajah Expressway.

This addition is slated to bring Boustead Projects' portfolio of industrial leasehold facilities (both wholly-owned and jointly-owned) located within Singapore to 17 properties with an expected GFA approaching 228,000 sq m.

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