CapitaLand has successfully completed the redevelopment of 1 Science Park Drive, transforming the property into a modern, state-of-the-art facility designed to meet the evolving needs of businesses in the technology and research sectors. The redevelopment project, valued at $883 million, marks a significant investment in the growth of Singapore’s innovation ecosystem, positioning the property as a key asset in the Science Park area.
The newly redeveloped site spans approximately 1.2 million square feet and features cutting-edge architectural designs that emphasize sustainability and functionality. With a focus on creating an adaptive workspace, the facility incorporates advanced infrastructural capabilities, ensuring that it caters effectively to both established corporations and startups in the technology and research fields. The design promotes collaboration and innovation, with open spaces and flexible layouts that can be tailored to various business requirements.
One of the standout features of the redevelopment is the integration of sustainable practices. The building has been designed with energy-efficient systems and materials that reduce its carbon footprint, aligning with global trends toward green building standards. This commitment to sustainability reflects CapitaLand’s broader strategy to champion environmentally responsible development, enhancing its reputation as a leader in the real estate sector.
The strategic location of 1 Science Park Drive also enhances its appeal. Situated within Singapore’s vibrant Science Park, the facility is surrounded by a dynamic ecosystem of innovation and research institutions, connecting tenants to a wide network of resources and talent. This proximity to educational and research facilities fosters collaboration, making it an attractive option for companies looking to innovate and advance their projects.
Additionally, the redevelopment features amenities that support a holistic work-life balance. On-site facilities include recreational areas, food and beverage options, and green spaces that promote well-being among employees. These amenities are designed to enhance the overall user experience, ensuring that the facility is not just a place to work, but a community that nurtures creativity and engagement.
CapitaLand has engaged with various stakeholders throughout the redevelopment process, including government bodies, local communities, and industry experts, to ensure that the facility meets the needs of its future occupants. This collaborative approach has helped to create a space that is not only architecturally impressive but also aligned with the strategic objectives of the technology and research sectors in Singapore.
As the property officially opens its doors, it is anticipated that 1 Science Park Drive will attract a diverse mix of tenants, from global tech giants to innovative startups. The redevelopment signifies a pivotal moment in CapitaLand’s ongoing efforts to contribute to Singapore’s status as a leading hub for technology and research.
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News Source: Edgeprop
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