Boustead Singapore secured build-and-lease deal from Continental Automotive

Its portfolio estimated to grow to 107,000 sqm.

In a release, Boustead Singapore Limited announced that its wholly-owned subsidiary, Boustead Projects Pte Ltd has been awarded a second contract to design, build and lease an advanced R&D and technology centre expansion (Phase II) to Continental Automotive Singapore Pte Ltd that will be connected to its existing R&D and technology centre, Continental Building located at the Kallang iPark. 

Phase II will be the 10th industrial facility in Boustead Projects’ portfolio of industrial leasehold facilities (both completed and under construction) and increases the portfolio size to an estimated gross floor area of over 107,000 square metres.

Elsewhere, Boustead Projects recently completed the construction of the 8th and 9th industrial leasehold facilities in the portfolio for Bombardier Aerospace and Jabil Circuit respectively.

Mr Thomas Chu, Managing Director of Boustead Projects said, “We would like to thank Continental – one of the world’s biggest brands in automotive electronic systems – for putting their trust in us yet again to deliver their critical expansion of Continental Building.

Phase II clearly demonstrates Continental’s drive for innovation in automotive products in the fast-growing Asia Pacific region, as well as their view of Singapore as a strategic and ideal location for R&D activities.

We look forward to working with Continental to enhance and expand what is already a world-class R&D and technology
centre.”