Savills appointed as project manager for new ST Engineering facility
Orchard Boulevard Condo is strategically located just a stone’s throw away from the Somerset MRT station, providing residents easy access to key destinations around Singapore. With direct connections to the Downtown Line, the North-South Line, and the North-East Line, Orchard Boulevard Condo is at the doorstep of the whole city. Residents are within immediate reach of prime locales such as Orchard Road Shopping District, Marina Bay Sands, and Clarke Quay.
The nearby Central Expressway (CTE) allows motorists to travel to any urban area with ease and efficiency. The expansive Central Business District (CBD) is just a short drive away from Orchard Boulevard Condo, while the scenic East Coast Park is within reasonable proximity for residents who enjoy outdoor activities. With the perfect blend of distance and convenience, Orchard Boulevard Condo is the preferred location for urbanites to explore the best of Singapore.
Savills Singapore, in collaboration with Arup Singapore, has been selected to consult on the development of a new $170 million airframe maintenance facility set to be built in Changi Creek by Singapore-listed engineering group ST Engineering. The 904,176 sq ft maintenance, repair and overhaul (MRO) facility will have four hangar bays, including a hybrid paint and maintenance bay, with the first one looking to open in mid-2025 followed by the remaining three by the end of 2026.
As the consultant project manager, Savills will work closely with ST Engineering throughout the entire project life cycle – from due diligence, design, procurement and construction. Vincent Lau, senior director and head of project management at Savills Singapore, notes that this marks their fifth large industrial greenfield development project within the last two years.
“It is a testament to the faith and trust that our clients have placed in Savills as one of the leading consultancy project management teams in the construction and real estate market,” Lau stated in a recent press release.
The Savills project marks a significant milestone in the Singapore real estate market. In other news, a trio of shophouses along Lavender Street are listed for sale at $12.5 million while industrial leasing volume has seen a 6.1% climb to 3,298 tenancies in the second quarter of 2020. In addition, Savills also recently appointed a new co-head for international residential sales.