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Ascendas, one of Asia’s leading business space solutions provider, today said it has completed the construction of Lyra, the first building at its 43-hectare Singapore-Hangzhou Science & Technology Park (SHSTP) in the heart of the Hangzhou Economic Development Area (HEDA).
The project is Ascendas’ first integrated park development in Hangzhou, in collaboration with the Hangzhou Economic & Technological Development Area Asset Management Group Co. Hangzhou is the capital of Zhejiang province and a state-level Business Process Outsourcing (BPO) city.
Named after the constellations, the eight-storey Lyra building has registered an occupancy rate of 50%. Current tenants at the 10,000 sq metre building include service providers in the BPO, IT Outsourcing (ITO) and the creative industries.
The next two buildings in Phase 1, Hydra and Nexus, are scheduled for completion by July 2009. These three blocks provide a total floor space of 56,000 sq metres.
Development plans for subsequent phases of the US$700 million ($1 billion) Integrated Park include multi-tenanted buildings, build-to-suit facilities and recreational amenities in a lush garden setting with generous water features.
The plans also include commercial facilities such as retail, convention and serviced apartment space. In total, these will yield some 800,000 sq metres of built-up space and support a working population of 30,000 to 50,000 knowledge professionals from burgeoning service industries, including BPO and ITO, as well as R&D activities.
The plans also include commercial facilities such as retail, convention and serviced apartment space. In total, these will yield some 800,000 sq metres of built-up space and support a working population of 30,000 to 50,000 knowledge professionals from burgeoning service industries, including BPO and ITO, as well as R&D activities.
