The integrated office and lab facility will be located at the International Business Park.
Global product testing and certification provider TÜV SÜD has started the construction of its $100m integrated office and lab facility at the International Business Park (IBP). According to an announcement, this marks the company’s first major real estate investment outside of their German headquarters.
TÜV SÜD said that its 600 Singapore-based employees, including TÜV SÜD PSB and TÜV SÜD Digital Service Centre of Excellence (CoE), will relocate to this facility in 2020. TÜV SÜD operates in Singapore as TÜV SÜD PSB. It has an existing lab facility in Science Park One.
The 18,900 sqm hub will use technologies that are up to the Building and Construction Authority’s (BCA) green mark platinum standard.
Ishan Palit, member of the Board of Management at TÜV SÜD, said, “Our decision to further invest in Singapore demonstrates our confidence in this market and its aspirations for the future. Singapore is constantly innovating, and is always prepared to test new technologies and solutions to propel its Smart Nation vision.”
Economic Development Board of Singapore (EDB) managing director Chng Kai Fong said the group looks forward to deepening the partnership with TÜV SÜD, “as we seek to enhance Singapore’s position as a global business and innovation centre.”
TÜV SÜD has launched a Digital Service CoE in 2016 with the commitment to invest $40m into Smart Nation technology and talent development.
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