world the

an e-magazine by Strategic Marketing Division

special feature

VOL 4 | OCTOBER 2014

ar und

A “mixed development” by

the tripartite architects lies in the

Italy’s fashion capital, Milan

Dear Titans,

Welcome to “AROUND THE WORLD”, an e-magazine brought to you by Strategic Marketing

Division.

Issue 4 will take you through five interesting development designs and concepts around the

world that are hoped to continuously inspire us all. Projects featured for this issue are:

1) Special Feature: Mixed development – CityLife, Italy

2) Retail – Burlington Arcade, United Kingdom

3) Gallery – Bendigo Art Gallery, Australia

4) Public amenity – Zilla, Spain

5) Industrial – CleanTech Park, Singapore

We hope everyone would enjoy “Around the World”, happy reading!

All the best,

Mohd Zafri Mohd Shariff

General Manager,

Strategic Marketing

Note from Research team

1

2

3

4

5

The CityLife development is being carried out by

CityLife SpA of Generali Group, the second largest

insurance group in the world by revenue after AXA

with €523 million of construction cost.

Sited on 80-ac of land in Fiera Milano, Milan, Italy, the

development was designed by three architects

namely Arata Isozaki, Zaha Hadid and Daniel

Libeskind.

The development consists of 3 signature office

towers,15 blocks of low-rise residential buildings, 1

block of high-rise residential tower, “Pallazzo delle

Scintelle”, a cultural & fashion centre, “Museum of

Contemporary Art” and “The CityLife” park.

With total GFA of 1.77 million ft², the residences offer

1,300 units in total that will cater for 4,500 households.

The first 7 blocks or 27% of total GFA were completed

and handed over since 3Q2013.

First two office towers will be leased to Allianz and

Generali Group once completed by 2015 and 2016,

respectively while the anchor for the third tower is

being sourced.

The development will also be offering about 1.2 million

ft² of retail space underneath the 3 office towers as

well as the apartments, including commercial spaces

by Pallazzo delle Scintelle around 167,000 ft² . Source: city-life.it

special feature - mixed development: CITYLIFE | Milan, Italy

02

Uniqueness

Development within a historical site that allocates

50% of its land for green areas. It offers “spaceship-

like” residential buildings and unique office towers

within close proximity to art museum and an

international fashion & cultural centre

a. Aerial view – the CityLife development in Fiera Milano, Milan

b. 3 office towers are currently under construction, 2 of which i.e Torre

Hadid and Torre Isozaki will be leased to Allianz and Generali Group,

respectively

c. The first 7 blocks of low-rise apartment were designed by Zaha Hadid,

offering 300 units of apartment

d. Interior view of Hadid Residence’s duplex unit

e. Perspective of the redevelopment of “Pallazzo delle Scintelle”

f. Perspective of Museum of Contemporary Art

a b

c

Torre

Isozaki (50-sty)

Torre

Libeskind (34-sty)

Torre

Hadid (44-sty)

Hadid

Residences

Libeskind

Residences

Signature

Office

Towers

Park Tower

Residences

e f

Pallazzo delle

Scintelle

Museum of

Contemporary Art

Engagement with renowned architects could

lead to better publicity and marketability.

A secured pre-lease anchor tenants for office

component would give investors more confidence

to invest in the residential properties especially for

investment purposes.

Points to ponder

d

retail: BURLINGTON ARCADE| London, United Kingdom

0

The Burlington Arcade with the tagline of

“curators of London style since 1819” is a covered

shopping arcade in London that runs behind

Bond Street from Piccadilly through to Burlington

Gardens.

Built to the order of Lord George Cavendish for

the employment creation of industrious females,

the arcade was designed by an Irish’s Samuel

Ware renowned for the architecture of “many

excellent buildings in Ireland”.

The arcade is the upmarket glazed shopping

arcade. It offers a niche marketplace for fine

jewellery, fashion & accessories, gifting &

specialist, watches and shoes & leather goods.

With the development concept of a single straight

top-lit walkway lined, the arcade had 72 units of

two storey shop in total previously. However, some

of the units have been combined to cater for

tenants’ demand, reducing the number of shops

to around 40 units.

With occupancy rate of 90%, there are 44 tenants

in total and the arcade is currently anchored by

an exclusive fashion & accessories brands such as

“HOUSE OF CASHMERE” and the fine jeweler's

“MICHAEL ROSE”

Source: burlington-arcade.co.uk

A retail concept for luxury products under one roof that exudes exclusiveness

03

a. The Piccadilly Entrance - VILEBREQUIN, a fashion & accessories store and LADURÉE, a gifting & specialist store have a premium street visibility

b. Shop fronts with a typical glass display inside the arcade

Uniqueness

a

b

Points to ponder

The niche retail concept with covered walkway could be a useful reference for Nusa Bayu’s Parcel 1B & 1C future commercial offering. Tenant mix however needs to be of different profile to suit the market positioning of the township.

gallery: BENDIGO ART GALLERY| Victoria, Australia

a

Besides promoting better social interaction via

exhibiting diverse range of programmes, the

gallery also offers its signature café overlooking

historical park and gift shop for convenient

of its gallery visitors, making the gallery a

self-contained facility.

Uniqueness

a. The Bendigo Art Gallery’s original exterior façade using a distinctive polychromatic brick which had undergone refurbishment stage in 1960s

b. The gallery’s interiors feature a hessian-covered walls and linoleum-tiled floors

c. Gallery Café features a stunning mezzanine and outdoor dining space overlooking historic Rosalind Park

d. Students during revision workshop prior to Studio Arts Exam

04

Bendigo is firmly positioned within Australian

history as a major area of goldmining activity

during the early 1850s. The Bendigo Art Gallery

was established in 1887, is the largest and one of

the oldest regional galleries in Australia. The

gallery’s existence reflects the level of Bendigo’s

wealth and prosperity in the late 19th centuries.

A large space in the centre of the gallery

complex is used for temporary and touring

exhibitions. The remaining spaces are being

utilised to showcase Australian art – paintings,

sculpture and decorative arts – from the 19th, 20th

and 21st centuries.

The gallery is also supported by other

components such as “Gallery Café” and

“Gallery Shop” catering for its customers, as well

as diverse range of public programme i.e

exhibitions and education to make the gallery

more lively and attractive.

The gallery was awarded the Certificate of

Excellence 2014 by Tripadvisor under the

category of art museums and it is currently

ranked 3rd out of 14 places of attraction in

Bendigo after the historical site’s “Central

Deborah Gold Mine” and “Sacred Heart

Cathedral”.

Source: bendigoartgallery.com.au

b

c

d

Points to ponder

Similar building concept to showcase UEM Sunrise’s products and to organise co-event with strategic partners.

The convenience of having supporting components i.e signature café and gift shop

would also draw visitors to the area.

public amenity: ZILLA| Teruel, Spain

0

Built on 1.24 ac site within Domingo Gascón

Square, the Zilla was officially opened in 1Q2012

as an underground leisure lair and public space.

It was designed by Spanish’s Mi5 Arquitectos and

PKMN [pac-man] Architectures to introduce

youth activities “into-the-earth” with contempo-

rary and pop elements. It also reflects the

concept of a buried Godzilla, a fictitious

Japanese monster appearing as a mutant

dinosaur.

New urban topology concept that encourages

open-air interaction, activity and community

among visitors can be seen on landscaped area,

its ramps and staircases.

With almost 33,000 ft² built-up area which covers

an elevated “open-air” public thematic park and

three basements, the Zilla has development

budget of €7.57 million.

On a construction side, composite steel and

concrete structure were used as main materials

with the bright red interior.

Source: mi5arquitectos.com pkmn.es

Hybrid offering - the public “open-air” thematic park acts as a landscaped roof for the underground public spaces that promote land usage optimisation

05

a. An elevated public thematic park for an open-air leisure activities

b. Basements interior - the “get-together” area is suitable for lecture hall, temporary cinema, mini-concert, host events, exhibition, sport activities etc

c. The architect’s sketching of site elevation showing the basements as well as the elevated public thematic park

Uniqueness

a

c

b

One way to optimise land use particularly in urban projects such as Solaris Dutamas, Solaris 3, Radia and Symphony Hills. Plus, it also suitable for revitalising existing parks within Nusa Bayu, Nusa Idaman etc

Points to ponder

Wide-range offerings from flexible spaces to large-scale integrated laboratory and testing facilities within close proximity allow related businesses to grow holistically

industrial: CLEANTECH PARK| Jurong West, Singapore

Uniqueness

Source: jtc.gov.sg

a. Aerial view – CleanTech Park’s eco business park is being developed in three phases until 2030

b. CleanTech One - the first development which is fully operational since 3Q2013 offers an innovative features such as Sky Trellis, LED lighting and solar panels and acted as the gateway to CleanTech Park

c. CleanTech Two is being developed to cater for spill-over demand from CleanTech One as well as growing demand for such facility

Singapore's first eco-business park - CleanTech Park is being

developed by JTC Corporation to promote green sustainability by offering a large-scale integrated "living laboratory" for test-

bedding and demonstration facility.

Spanning across 123-ac of land in Jurong West, this 30-year tenure park is located adjacent to Nanyang Technological

University (NTU). The expected completion of all three phases of

CleanTech Park development is by 2030.

With the plot ratio of 2.5, the business park’s asking land prices

are between SG$52 and SG$57 per ft² while its annual land rental

rates are between SG$3.60 and SG$4.00 per ft².

Besides the business park, it also has multi-tenanted buildings to

cater for industry players who require flexible spaces. These facilities can accommodate both dry and wet laboratories for

CleanTech Park-related R&D activities.

Tenant

To further support the eco-system, the CleanTech Park’s Jurong

Eco-Garden allocates 12 acres for green landscape and a

home for wildlife species. The Eco-Garden had received the BCA’s Platinum Green Mark award in the New Park Category

making the garden the first to receive such award in Singapore.

06

CleanTech One CleanTech Two

Opened/ Opening Date

Aug-13 Dec-14 (e)

Total Spaces (ft²)

400,000

240,000

Monthly asking rental / ft²

- Bare flexi

- Fitted office

- Fitted lab

Current

SG$2.80

SG$2.20

-

Indicative

SG$3.13 (+12%)

SG$2.18 (- 1%)

SG$3.66 (NA)

Monthly service charge / ft²

- Bare flexi

- Fitted office

- Fitted lab

Current

SG$0.70

SG$0.90

-

Indicative

SG$0.77 (+10%)

SG$0.98 (+ 9%)

SG$0.98 (NA)

Selected Key Tenants • DHI Water &

Environment,

Denmark

• Sinomen

Technology,

China

• Energy Research

Institute @ NTU

(ERI@N)

• Nanyang

Environmental and

Water Research

Institute (NEWRI)

c

b

a

To provide such “friendly” industrial park in Fraser Metropolis

Points to ponder

disclaimer: This information is for internal circulation only. UEM Sunrise Berhad endeavours to provide accurate information and does not owe any duty to inform any person of subsequent changes or modification hereof. Reproduction or distribution of these materials is prohibited unless with the prior consent of UEM Sunrise. UEM Sunrise assumes no liability whatsoever for any action taken in reliance on or from the use of the contents herein, or for any direct or indirect damage resulting thereof.

R&D Department,

Strategic Marketing Division,

UEM Sunrise Berhad,

23A, Mercu UEM Jalan Stesen Sentral 5,

Kuala Lumpur Sentral

50470 Kuala Lumpur, Malaysia

t: +603 2727 6048

e: research@uemsunrise.uemnet.com

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