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November 27, 2011

Shimizu wins mixed-use development contract in Singapore

Shimizu has secured a 20bn yen ($259.27m) contract for the redevelopment of a mixed-use complex named Capitol Development in Singapore.

Shimizu has secured a 20bn yen ($259.27m) contract for the redevelopment of a mixed-use complex named Capitol Development in Singapore.

The large-scale complex consists of four buildings including a cinema/theatre, a luxury hotel and residential tower, and will built on a shopping mall with a floor area of 50,000m2.

Heritage buildings will be refurbished and one existing building will be replaced.

The redevelopment scheme also includes the refurbishment and transformation of Capitol Theatre into a cinema cum theatre, and both the Capitol Building and Stamford House will be restored into a luxury hotel and retail space.

Under the project, the existing Capitol Centre will be demolished and replaced with a new complex and residential tower.

The new building will comprise 12 storeys with a six-storey basement spread across an area of 29,000m2.

Construction work on the project is scheduled to be completed by November 2014.

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