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The built-to-suit project is worth S$280 million.
Built-to-suit properties are designed to satisfy the specific requirements of particular customers.
It will involve building a complex called the Global Centre for Information and Communication, or Centric Singapore.
This will include a business centre for 200 IT companies and an IT training hub comprising exhibition and convention halls, an auditorium and seminar rooms.
The centre will also house a business hotel with up to 300 rooms, and office and retail space.
It is sited on a land area of 29,000 square metres.
It has an expected built-up gross floor area of 72,500 square metres.
Construction is slated to start next year and completed in 2011. - CNA/ch
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