UMS Holdings says it plans to sell the property located at 27 Changi North Crescent Singapore 499618 to YFE-Clark Express for $6.98 milion and lease back parts of it.
As at 31 December 2010, the book value of the 7,610.6 square metres of leasehold land which consists of a JTC detached factory with adjoining single-storey and two-storey extensions, was $4.4 million. This means UMS will make a net gain of $2.5 million from the sale.
Steven Chan has been appointed GM wef Nov 15
Work experience: Executive asst manager, Crowne Plaza Changi Hotel; director, Brand Standards and Services, IHG Asia Pacific
Foundation and geotechnical engineering specialist, CSC Holdings, says it has secured contracts in excess of $70 million recently.
Among these were contracts for Changi Motorsports Hub and the redevelopment of the old Orchard Emerald Shopping Centre worth $60 million.
Located along Aviation Park Road and sitting on 41-hectares of prime seafront land, the Changi Motorsports Hub will be developed into Asia’s premier motorsports and entertainment destination, and will feature Singapore’s very first permanent 4km racetrack and a 1.2km karting track along the Changi coastline.
Singapore’s Changi Airport Group, Asia’s fifth busiest measured by number of passengers, said on Monday the number of passengers in July rose 15.9% from a year ago to 3.67 million. The airport, a major hub in Asia, also said it handled 11.8% more cargo in July from a year earlier.
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The airport received more than 20.2 million passengers in the first half of the year, 17% more than the same period a year earlier, it added.
Parkway Shenton, the primary healthcare solutions provider owned by Parkway Holdings, has opened new clinics at Changi Business Park, Novena Medical Centre, and Resorts World Sentosa. With this development, Parkway Shenton operates a total of 49 clinics and health screening centres in Singapore.
Lim Ching Kiat has been appointed GM, Seletar Airport wef May 2010
Work experience: Director, market development, Changi Airport Group
Singapore’s Changi Airport said it has acquired a 5% stake in Gemina S.p.A (GEMI.MI), the operator of Rome’s two major airports, for $100 million, its biggest acquisition ever.
Gemina’s Aeroporti di Roma owns the concession to operate Italy’s largest airport group, which comprises Leonardo da Vinci Airport and Giovan Battista Pastine Airport.
Both airports serve the Italian capital and have a combined air passenger volume of 38.6 million in 2009, slightly higher than Changi’s 37.2 million passengers last year.
Jetstar’s decision to bid for a licence to carry out ground-handling business in Changi Airport spells bad news for current dominant operator Singapore Airport Terminal Services (S58.SG), says BNP Paribas analyst Brenda Lee.
Mapletree Logistics Trust says it has signed a conditional Sale & Purchase Agreement with supply chain management company CEVA to acquire a warehouse in Changi South for $34 million. Completion of sale is expected within 1Q FY2010.
15 Changi South Street 2 consists of a fully air-conditioned five-storey warehouse facility with ancillary offices and basement carpark. It will have a GFA of 23,176 sqm and is on leasehold land expiring in October 2044.
Mapletree Logistics Trust says it has signed a conditional Sale & Purchase Agreement with supply chain management company CEVA to acquire a warehouse in Changi South for $34 million. Completion of sale is expected within 1Q FY2010.
15 Changi South Street 2 consists of a fully air-conditioned five-storey warehouse facility with ancillary offices and basement carpark. It will have a GFA of 23,176 sqm and is on leasehold land expiring in October 2044.
Following a challenging first half in 2009, Singapore Changi Airport says it registered a strong rebound in the last quarter of the year, with a monthly record of 3.83 million passenger movements in December. This was an increase of 9.7% compared to December 2008 and 9.1% more than the previous record of 3.51 million set in December 2007.
Besides breaking the previous record for monthly traffic, December 2009 also saw a new record for the number of passenger movements in a day at Changi. This was set on the Saturday before Christmas Day (Dec 19 2009) with 140,000 passenger movements during the 24 hours.
Mainboard-listed CNA Group, the designer of intelligent buildings and facilities, says Changi Airport Group (Singapore) has renewed CNA’s existing Intelligent Building Management System (IBMS) operations and maintenance contract for Terminals 1, 2 and 3 for an additional two years from January to December 2011 which is valued at $3.3 million.
Under the renewal terms, CNA will continue to operate and maintain the intelligent building systems at Terminals 1, 2 and 3 which was designed, implemented and installed by CNA, monitor and control many of the vital mechanical, electrical, security, passenger transport and climate control systems in the airport , many of which were installed by various vendors over the years.
Lum Chang Holdings says subsidiary Lum Chang Building Contractors, a wholly-owned subsidiary of the company, has clinched the tender for the third and final phase of the commerical development at Changi Business Park Ave. 3.
The design and build contract worth $27.5 million was awarded by HSBC Institutional Trust Services (Singapore) as trustee of Ascendas Real Estate Investment Trust or A-REIT.
Passenger traffic at Singapore’s Changi Airport, Southeast Asia’s biggest, rose for the fourth consecutive month in November as airlines increased flights to cities around the region.
Changi handled 3.37 million passengers last month, up 9.2% from 3.08 million in November 2008.
Singapore’s Changi Airport handled 3.36 million passengers in November, 9.2% more than the year before, it said in a statement e-mailed statement today. The airport received 33.4 million passengers between January and November, 2.4% less than the same period a year earlier, it said.
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Singapore’s Changi Airports International Pte. is in talks with Chinese airports about investing or managing facilities in the country, the South China Morning Post reported today, citing the company’s deputy chief executive. Euegen Gan declined to name the Chinese airports because discussions were at a preliminary stage, the report said.
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