SINGAPORE (Mar 22): Boustead Projects has launched its first business park development, a multi-tenanted building dubbed "Alice".

Located at the junction of one-north Avenue and Media Link, across the one-north Park from the nearby Mediacorp Campus, Alice will comprise 11 floors with two basement carparks and spans 39,487 sqm in gross floor area (GFA).

Alice is designed to foster a “thriving, synergistic community of established organisations and start-ups” by providing them a space to converge, connect, collaborate and co-create, says Boustead in a Thursday announcement.

Construction is underway and expected to be completed by 4Q18.

The development is undertaken by Boustead Development Partnership (BDP) with a reputable Middle East sovereign wealth fund.

Boustead intends to integrate the building with collaborative spaces such as sheltered working pods, food and beverage (F&B) options, recreational facilities and shared media facilities. Its common areas and collaborative spaces will also feature artwork by local artists.  

According to the group, Boustead is in the midst of collaborating with tech firm Habitap to provide a mobile application meant to integrate all tenant and visitor requirements, such as in-app concierge services and a suite of smart office features for tenants to fully leverage Internet of Things (IoT) for their workspaces.

Boustead adds that as part of its productivity-focused approach, digitalisation and cloud-based technology was used to integrate stakeholders’ inputs at every stage of Alice’s development.

This was made possible through Boustead’s integrated suite of real estate solutions connecting design, construction and delivery to the eventual operations and maintenance of a building, says the group.

“Alice showcases how we have deployed digitalisation and productivity solutions to effectively coordinate the cross-disciplinary, collaborative efforts between our functional teams and with our consultants, subcontractors and solutions partners at each stage of the project. This was enabled by our integrated suite of industrial real estate solutions spanning development, design-and-build and property and tenant management,” says Thomas Chu, Managing Director of Boustead Projects.

Shares in the group closed 0.6% lower at 82 cents on Thursday.