M&G Real Estate, real estate investment affiliate of U.K.-based Prudential PLC, will finance Singapore’s government-owned infrastructure consultancy Surbana Jurong to acquire its new global headquarters, a transaction worth S$400 million ($295 million).
It marks the firm’s first business park office investment in Singapore.
The campus will be developed by Surbana Jurong’s investment arm, Surbana Jurong Capital, in the upcoming Jurong Innovation District in the city-state on the land parcel acquired by M&G Real Estate. The 68,915-square-meter (741,794-square-foot) business park office comprises seven floors and two basement levels, and it will accommodate up to 4,000 employees. It will be completed by 2021.
The campus will support Surbana Jurong’s rapid growth by facilitating stronger. The campus’ location in the Jurong Innovation District provides the company access to a vibrant and collaborative ecosystem of R&D and capability developers, startups and technology enablers for potential collaborations to accelerate the adoption of smart technologies and solutions.
“The building of our global headquarters represents Surbana Jurong’s growth ambition, and signals our continued confidence in Singapore as a strategic urban and infrastructure hub,” said Wong Heang Fine, CEO of Surbana Jurong. “With its myriad of new-generation working spaces, our new campus is envisaged to be a conducive and lively environment for meaningful collaboration and to nurture innovation as we explore new ways to address urban challenges and reinvent cities. We also hope that a world-class workspace will further attract and retain global talents.”
Surbana Jurong is an Asia-based urban and infrastructure consulting firm. Leveraging technology and creativity, Surbana Jurong provides best-in-class consultancy solutions across the entire value chain of the urbanization, industrialization and infrastructure domains.
