Keppel Pivots Brownfield Redevelopment Projects Following Completion Keppel South Central

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, with 1st anchor tenant JPMorganAdvertisement Bid to revive old Keppel Towers will be the firm’s focus – presidentKeppel, a well-known asset manager and operator, is shifting its focus to other brownfield redevelopment projects after the successful completion of Keppel South Central, according to Samuel Ng, the president of the firm’s real estate division in Singapore. Ng believes that the redevelopment of Keppel South Central is a significant achievement for the company. Keppel South Central, which is located along Hoe Chiang Road in Tanjong Pagar, is the former Keppel Towers and Keppel Towers 2. It boasts a total floor area of 650,000 square feet and will offer office, retail, and event space to its users. According to Ng, the company is planning to target other similar projects for its future business.Ng went on to add that approximately 50% of the commercial tower’s office space and retail units are either leased or in active negotiations. The first anchor tenant to secure space in the building is a renowned financial services group, while office occupants are expected to begin moving in from June. Keppel has also implemented several technological advancements in the building, such as facial recognition access and 5G Wi-Fi, to make it comparable to other Grade-A office buildings in the Central Business District (CBD). Ng also noted that the company has set up a team to activate event spaces within the building, and tenants can use a mobile application to connect with building management and provide feedback for hosting events.Keppel South Central has received the Green Mark Platinum Super Low Energy certificate from the Building and Construction Authority (BCA). The building has been upgraded with various energy-efficient technologies to cut down on unnecessary energy usage and achieve cost savings. Some of these advancements have been tested and implemented in other Keppel properties. Ng stated that these advancements include physical hardware and software applications, such as smart building management systems. With Keppel South Central being a successful project, the company is now looking to replicate the same success across the region as part of its Sustainable Urban Renewal (SUR) strategy. Keppel has already invested over $2.3 billion in its flagship Keppel Sustainable Urban Renewal Fund (KSURF), which will focus on brownfield projects in various countries in the Asia Pacific region, such as Singapore, South Korea, Japan, Australia, and first-tier cities in China. As of now, Keppel has applied its SUR initiative to eight projects across five countries, with three more projects underway.