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CapitaLand wins BCA SGBuilds Star Award for expanding Singapore’s presence overseas

By Valerie Kor

/ EdgeProp Singapore |

August 31, 2020 1:00 PM SGT

SINGAPORE (EDGEPROP) - CapitaLand has received the top-tier SGBuilds Star Award by the Building Construction Authority of Singapore (BCA) for collaborating with Singapore firm L&W Construction to develop International Tech Park Pune, Kharadi (ITPP-Kharadi) in India.

It is the 11th development that is built in collaboration with L&W in India. L&W, a joint venture between two Singapore construction companies, Lee Kim Tah and Woh Hup, was first appointed in 2009 by CapitaLand to develop Zenith building in International Tech Park Chennai. Since then, CapitaLand and L&W have collaborated on several CapitaLand IT developments in major cities across India.

The building is Block 1 of ITPP-Kharadi, which comprises 1.4 million sq ft in built-up area and is estimated to be completed by mid-2021. ITPP-Kharadi is a 2.5 million square feet IT/IT Special Economic Zone park comprising two office blocks and an incubation block that provides companies with fully-fitted office spaces for immediate occupancy. It is being developed under CapitaLand’s private fund, Ascendas India Growth Programme, which Singapore’s sovereign wealth fund GIC is a principal investor.

L&W was able to tap on CapitaLand's early mover advantage in the IT parks sector in India in 1994, according to a CapitaLand press release. Asaithambi Manickam, managing director of L&W India, also says: “Building on our experience with CapitaLand, L&W has become a major player in the Indian construction industry."

The Stature Jakarta Woh Hup - EDGEPROP SINGAPORE

Integrated development The Stature Jakarta is Woh Hup’s first project in Indonesia, partnered with CapitaLand (Photo: CapitaLand)

At the same time, CapitaLand has also received the inaugural SGBuilds Award for its partnership with Woh Hup Holdings on CapitaLand’s first integrated development in Indonesia, The Stature Jakarta. BCA SGBuilds Award recognises firms for successful collaboration that strengthens Singapore’s presence in overseas markets.

The integrated development is Woh Hup’s first project in Indonesia. It comprises a Grade A office tower, a luxury serviced residence Ascott Menteng Jakarta which is slated to open in 2021, as well as a high-end residential tower, Stature Residences. It stands on a total gross floor area of more than 50,000 sq m and is jointly developed by CapitaLand and Indonesian developer Credo Group.

Goh Ah Moi, chief development officer (Singapore and International) at CapitaLand Group, says, “As a responsible developer, CapitaLand strives to deliver quality developments that enrich people and build communities where we operate. When we expand globally, we work with partners who share our vision, ambition for growth and focus on excellence.”

The partnerships allowed CapitaLand to “lend expertise and local knowledge to help fellow Singapore companies expand overseas”, she adds.

Aside from the BCA SGBuilds Award, CapitaLand also won the BCA Green Mark Platinum Champion Award, a recognition for organisations that have achieved a substantial number of BCA Green Mark buildings at Gold level and higher. This year, 29 CapitaLand properties in Singapore, Malaysia and China have received or have been recertified with BCA Green Mark Awards and four properties in Singapore have received Universal Design Mark Awards.

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