Robinson Towers' Redevelopment Begins

Robinson Towers Redevelopment Begins

Tuan sing Holdings has formally begun the redevelopment of Robinson Towers, the annex and the International Factors Building into a single commerical and office development.

Tenants were served with termination of lease notices of six months yesterday.

The redevelopment is estimated to cost around $200 million, including development charges to tap additional gross floor area (GFA). The proposed project, comprising an office tower and a retail podium, will have a total GFA of about 257,300 square feet.

Designed by Kohn Pedersen Fox Associates and Architects 61, the building will be completed in 2016 and will be three times the height of the existing tower.

Robinson Towers' redevelopment is part of Tuan Sing's expansion strategy here. The group holds a 50 per cent stake in two Australian hotels and since late 2010, has been making bids at state tenders in Singapore. 

It has clinched two 99-year leasehold private housing sites, in Seletar and next to Potong Pasir MRT Station.

Tuan Sing is expected to launch a 332-unit condominium, Sennett Residence, on the Potong Pasir site in January.

The counter closed one cent higher at 31.5 cents yesterday.

Source: Business Times –1 December 2012