CDL has big plans for the former Stag Brewery site in London
As Asia gets back to work after the lunar new year holiday, the region’s investors are making the headlines in both London and Sydney as we head into the year of the dog. Also in the news, two more Singapore sites hope for a collective sale, and Australia braces for a co-working invasion. Read on for all these stories and more.
CDL Submits Plans for £1.25B London Mixed-Use Project
Reselton Properties, the subsidiary of Singapore Stock Exchange-listed City Developments, has submitted a planning application for a £1.25bn mixed-use development on the 22-acre Stag Brewery site in Mortlake, west London.
At the same time, the developer is in the process of appointing project managers to handle the pre-demolition, strip and demolition works and the ongoing phased construction of the project. Read more>>
Chinese Developer Plans Woods Bagot-Designed Sydney Project
Chinese developer Double Gold Stone has lodged an application with the City of Parramatta to develop a 21-storey mixed-use apartment project in the Epping Town Centre, a priority precinct and key growth area for Sydney.
Located on a 2,062sq m site at 48-54 Beecroft Road and 52-54 Rawson Street, the developer has proposed a 72-metre tower, comprising over 100 apartments, with retail and childcare tenancies. Read more>>
JLL Marketing Site on SG’s Sophia Road for Collective Sale
JLL launched the freehold collective sale site at Sophia Road, Fairhaven. The 16,660 sqft site is zoned residential with a gross plot ratio of 2.1. Over 80% of the owners have consented to the sale.
The five-storey development comprises 15 apartment units. The plot is accessible via the Central Expressway (CTE) and Dhoby Ghaut Interchange station which is a mere 400m away. Fairhaven is also within walking distance to the Orchard Road shopping district. Read more>>
Site on Singapore’s Lower East Coast Up for Sale at S$99M
A 9,999-year leasehold residential site in Guillemard Road/Jalan Molek has been put up for sale by a single, unnamed owner at an indicative price of S$99 million. The tender for the site, located at 1-21A Jalan Molek and 217 to 223A Guillemard Road will close at 3pm on March 20.
The site comprises 15 two-storey terrace houses that are within walking distance from the Mountbatten, Dakota and Aljunied MRT stations, said Cushman & Wakefield, which has been appointed as the exclusive marketing agent for the sale. Read more>>
Australia Braces for Asian Co-Working Invasion
A raft of global coworking companies, especially from China, is expected to hit Australian shores within the next three years, rocking the local flexible workspace market, an industry insider says.
“The Australian market is still sleeping,” said Office Hub founder Grant Philipp, whose company breaks up and refurbishes small conventional offices before leasing them out as shared or flexible workspaces. Read more>>
SG Industrial Sites Go Unsold as Tenders Fizzle
According to a press release, the tenders for the industrial sites at Tampines North Drive 3 (Plot 2) and Tuas South Link 3 (Plot 27) will not be awarded. Only one bid was received for each site. The bids were not accepted as the prices offered were below the reserve price.
The tenders for the sites were launched on 28 November 2017 and closed on 23 January 2018. Both sites were on the Confirmed List under the second half 2017 IGLS Programme. The two are the sixth and seventh out of eight Confirmed List sites. Read more>>
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