A-REIT to develop Unilever Four Acres Singapore

Estimated development cost, excluding the land premium for the underlying land, is more than S$32m.

The land allocation is at Private Lot at Nepal Park, forming part of Government Survey Lot 4843W (PT) Mukim No. 3.

As the site is allocated to A-REIT for the purpose of development for Unilever, under the build-to-suit arrangement made between A-REIT and Unilever, Unilever has paid the land premium of more than S$26m.

Unilever Four Acres Singapore will be a part one-storey and part three-storey recreation and training facility with a total gross floor area of about 9,180 square metres, comprising a three-storey training block, a one-storey recreation and business centre and 10 black and white bungalows.

It will serve as Unilever’s home for leadership development for its senior leaders, with a focus on Asia with completion expected in 2013.