CCT/CapitaLand/MEC – Golden Shoe Car Park Redevelopment – Singapore - Project Profile
"CCT/CapitaLand/MEC – Golden Shoe Car Park Redevelopment – Singapore - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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A joint venture of CapitaLand Limited (CapitaLand), CapitaLand Commercial Trust (CCT) and Mitsubishi Estate Co (MEC) is planning to undertake the redevelopment of Golden Shoe Car Park at Raffles Place financial district in Singapore.
The project involves the construction of 280m, 92,903m2, 51-story development, comprising of 29-story of premium Grade-A office space on the top floors spanning 58,993.43m2t of net lettable area, an eight-story, 299-unit serviced residence to be managed by The Ascott Limited, five-story of car park with 350 lots, 10 motorcycle lots, 165 bicycle parking lots and 1,114.83m2 of ancillary retail space.
The development will include a Green Oasis with a height of about 30m, comprising four-story of open-air, landscaped and technology-enabled areas. A food center owned by the Ministry of the Environment and Water Resources will be on the second and third levels of the development’s podium.
As of October 2016, CCT submitted rezoning application and engaged in preliminary discussions with various government authorities such as Land Transport Authority (LTA), National Environment Agency (NEA), Singapore Land Authority (SLA) and Urban Redevelopment Authority (URA) regarding the proposed redevelopment.
A collaborative team of Bjarke Ingels Group (BIG) and Carlo Ratti Associati (CRA) has been appointed as architect for the project.
In April 2017, CCT secured approvals from the Urban Redevelopment Authority (URA) and waiting for other rezoning approvals.
In July 2017, CapitaLand, CCT and MEC signed the purchase agreement for the project. Under the agreement signed the JV will purchase Golden Shoe Car Park from CCT for US$117.6 million. The new entity will also be paying another US$699 million for permission to convert the site for commercial development use, along with other land related costs.
CCT is in the process of securing fund and rezoning approvals. Construction slated to commence in the first quarter of 2018 and scheduled to be completed in the second quarter of 2021.
The project involves the construction of a 280m, 92,903m2, 51-story development at Raffles Place financial district in Singapore.
The US$1,300 million project includes the following:
1. Construction of food center
2. Construction of conference rooms
3. Construction of meeting rooms
4. Construction of parking facilities
5. Installation of elevators
6. Installation of power facilities
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