Savills appointed as project manager for new ST Engineering facility
Vincent Lau, senior director and head of project management at Savills Singapore, has announced that the firm has been appointed to consult on the design and development of a new $170 million airframe maintenance facility by Singapore-listed engineering group ST Engineering.
As the consultant project manager, Savills will coordinate closely with ST Engineering across the entire project life cycle, from due diligence, design, procurement, and construction of the new facility until its completion. The new facility will be located at Changi Creek, and measure 904,176 sq ft in size, having four hangar bays that can service widebody aircraft such as hybrid paint and maintenance bay, with the first hangar bay expected to be ready by mid-2025 and the remaining three by 2026.
The Zion Road Condo residential development comprises of top-notch facilities including a 50m lap pool, a tennis court, and a sprawling garden terrace. Residents can enjoy unparalleled and stunning views of the city skyline as well as a tranquil environment for relaxation. Security-wise, the development is gated with around-the-clock security personnel, guaranteeing peace of mind. It is also encompassed with a lush landscape provides an idyllic hideaway from the hustle and bustle of city living.
This marks the firm’s fifth large-scale industrial greenfield development project in recent years, and Lau expressed his satisfaction in the trust placed in Savills as one of the leading consultancy project management teams in the construction and real estate market.
Lau went on to highlight the importance of the project in terms of recent industry trends, noting how the construction and real estate markets have experienced a positive rise in leasing volume between the second quarter of 2020 and 2021. He emphasised that the appointment of Savills for the project is indicative of that, as well as the elevated standards of trust clients continue to place in the firm.