The office tower construction deal brings BBR’s order book to $517.9m
BBR Holdings has won a $95.3 million contract from Ascendas (Tuas) to build an office tower at the International Business Park in Jurong East.Piling works begin next month and the tower is expected to be completed by August next year.
The turnkey design-and-build contract was secured through BBR’s wholly owned subsidiary Singapore Piling & Civil Engineering, the company’s construction arm.
The deal brings BBR’s current order book to $517.9 million, the company said.
BBR’s chief executive officer Andrew Tan said having an in-house specialist engineering division meant the company could execute its own bored piling and post-tensioning work.
‘This means that we will have better control over the construction schedule and will be in a better position to manage our costs,’ he said.
The project features two 12-storey tower blocks linked by a sky bridge. The site area is 17,858 square feet. When completed, the towers will yield 41,970 square metres of gross floor area.
The building has been designed to meet the BCA Green Mark GoldPPLUS rating, said BBR. The BCA Green Mark evaluates a building for its environmental impact and performance.
Recently, BBR won a $189.6 million contract from the Urban Redevelopment Authority to construct a common services tunnel in Singapore’s downtown core.
It has also secured a $6 million contract from the Land Transport Authority to upgrade vehicular bridges at seven locations in Singapore.
BBR has also ventured into property development and is now involved in two condominium projects at Nassim Hill and Holland Hill.
BBR shares closed trading yesterday at seven cents, down half a cent.
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