Robinson_77

Robinson 77

Robinson 77

Commercial offices in Robinson Road , Singapore

Robinson 77, formerly SIA Building,[4] is a high-rise skyscraper located in the central business district of Singapore. The building is located on 77 Robinson Road, just next to DBS Building Tower One and Two.[5] The SIA Building was the flagship building for Singapore Airlines. The airline head office is not located in this building; it is and has been located at Airline House in Changi.[6][7]

Quick Facts Former names, General information ...

The building has a net floor area of around 27,400 m2 (295,000 sq ft). It has a total of 180 car park lots.[8]

History

SIA Building was designed by Obayashi Gumi Corporation, and SAA Partnership, and structural engineering of the development was done by T. Y. Lin International. Construction of the building was completed in 1998. Other firms involved in the development included Singapore Airlines, PCR Engineers Private Limited, PCR Engineers Private Limited, Rider Hunt Levett & Bailey, Levett & Bailey Chart, and Quantity Surveyors Ltd.

Architecture

SIA building with its tail fin design (left) and CPF building

The SIA Building was one of the first high-rises in Singapore with its exterior made out of glass. As the flagship building for Singapore Airlines, it bears the Singapore Airlines' logo. The roof of the building also incorporates a vertical stabilizer design, similar to that of an airplane.

Selling of building

In 2006,[9] Singapore Airlines sold the SIA Building to TSO Investment, which is a unit of a real estate fund managed by CLSA Capital Partners. It comes at a price of S$343.9 million, which amounts to some $1,165 dollars per square foot. According to the company, the sale was "in line with the non-core business strategy". It was valued at $118.8 million then. SIA subsequently used proceeds from the sale for investment and growing the company and its subsidiaries.[10]

In 2011 SEB Investment announced the company would be selling the building.[11]

In 2015 it was announced again that SEB Investment would be selling the building,[12] but the disposition plan was subsequently cancelled as the company was undergoing a change of ownership and management. The property is currently held by Savills Fund Management (which was previously known as SEB Investment GmbH) [13] The property was sold in 2016 back to a fund managed by CLSA. CLSA, who refurbished parts of the building during 2017 and 2018 intends to sell it on in late 2018.

See also

References

  1. [1]
    "Emporis building ID 106477". Emporis. Archived from the original on March 6, 2016.
  2. [2]
    "Robinson 77". SkyscraperPage.
  3. [3]
    Robinson 77 at Structurae
  4. [4]
    "Asia Travel : Map of Robinson 77, 77 Robinson Road 068896". StreetDirectory.com. Retrieved 2011-08-01.
  5. [5]
    "Asia Travel : Map of SIA Building (S) 068896". StreetDirectory.com. Retrieved 2008-02-05.
  6. [6]
    "Airline Ground Positions." Singapore Airlines. Retrieved on 11 July 2009. "SIA Airline House 25 Airline Road, S(819829)"
  7. [7]
    "World Airline Directory." Flight International. 3–9 April 1996. 79. "Airline House, 25 Airline Road 1781, Singapore"
  8. [8]
    "Singapore: SIA Dispose of Its Namesake SIA Building". FMAccounting. Retrieved 2008-02-05.
  9. [9]
    "SIA sells its Robinson Rd building for $344m". SGHousing.com. Archived from the original on July 23, 2008. Retrieved 2008-02-05.
  10. [10]
    "Singapore: SIA Dispose of Its Namesake SIA Building". FMAccounting. Retrieved 2008-02-05.
  11. [11]
    Jonathan Peeris (21 June 2011). "77 Robinson Road up for sale". Channel News Asia. Retrieved 25 August 2011.
  12. [12]
    Kalpana Rashiwala; Lynette Khoo (2 September 2015). "77 Robinson Road back on the market". Business Times Singapore. Retrieved 12 January 2016.
  13. [13]
    Shiwen Yap (2 September 2015). "Savills IM acquires SEB Asset Management". Business Times Singapore. Retrieved 12 January 2016.
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