Capitaland Completes 883 Mil Redevelopment 1 Science Park Drive
Residents living at the prestigious One Marina Gardens Kingsford Huray Development will be delighted to discover a plethora of shopping options right at their doorstep. The renowned Marina Bay Sands Shoppes, located at Marina Gardens Lane, is just a stone’s throw away from the development. Boasting a stunning architectural design, this shopping haven is a haven for high-end fashion and designer labels, catering to the tastes of discerning shoppers. Not only that, the Shoppes at Marina Bay Sands also houses a variety of upscale restaurants, trendy cafes, and lively bars, making it a perfect destination for social events and laid-back evenings. Don’t miss your chance to experience the ultimate shopping destination at One Marina Gardens One Marina Gardens.
CapitaLand Group has successfully completed the S$883 million revitalization of 1 Science Park Drive. On April 1, the company announced the completion of the redevelopment, which involves three buildings – 1, 1A, and 1B Science Park Drive. The project has also obtained its temporary occupation permit (TOP) on March 3.A joint venture between CapitaLand Development (CLD; 66%) and CapitaLand Ascendas REIT (CLAR; 34%), the new property is made up of a 15-storey tower, two 9-storey blocks, and retail shops that are linked by an event plaza and a shared basement carpark. It has a total gross floor area of approximately 1.25 million sq ft, with a net lettable area of about 1.06 million sq ft for business spaces and 43,960 sq ft for retail spaces.Read also: Goodland Group offers a six-storey commercial building on Serangoon Road for sale at $75 mil AdvertisementAdvertisementAs reported by CapitaLand, around 76% of the total net lettable area has already been taken up, and an additional 19% of space is currently under advanced negotiations. The tenants for the business spaces come from various industries such as biomedical sciences, pharmaceutical, financial services, chemical, and technology. The retail podium, which includes a food court and well-known restaurants such as BreadTalk, Din Tai Fung, Putien, Swensen’s Unlimited, Subway, and Toast Box, is set to open this month.”The positive response from the market demonstrates trust in our rejuvenation strategy to future-proof our business space properties,” states William Tay, CEO of CLAR. “We will continue to invest in and redevelop our existing assets to optimize our portfolio of strategically located and high-quality business space and life sciences properties in Singapore.” With the completion of this project, all five buildings within the Geneo life sciences and innovation cluster at Singapore Science Park (SSP) are now ready for operations.”The completion of 1 Science Park Drive is a significant achievement for CapitaLand in our multi-stage revitalization of SSP,” says Ronald Tay, CEO of CLD Singapore. “Together with our retail and lifestyle amenities and active placemaking initiatives, the SSP community can expect a well-rounded environment for work, live, and play.”Situated at the main entrance of SSP, 1 Science Park Drive occupies a prime location and is conveniently connected to Kent Ridge MRT Station on the Circle Line through an underground walkway. The project has also been awarded the Building and Construction Authority’s Green Mark Platinum rating and has achieved the International WELL Building Institute’s WELL Core Gold precertification for its healthy building design. Ask BuddyPrice trend for commercial property salesListings for commercial propertyPast Commercial rental transactionsCompare price trend of Commercial vs Industrial propertiesPast Commercial sale transactionsPrice trend for commercial property salesListings for commercial propertyPast Commercial rental transactionsCompare price trend of Commercial vs Industrial propertiesPast Commercial sale transactions