URA project gains strong interest

URA project gains strong interest

The Urban Renewal Authority (URA) received a total of nine tenders for Site C of the Peel Street/Graham Street project (the Project) when the invitation for submission of tender closed today (Monday).

A tender review panel (TRP) under the URA Board will consider the tenders received and make recommendation to the URA Board for its decision on the award of tender for Site C of the Project.

The URA earlier invited interested developers/consortia to submit Expressions of Interest for the tender of Site C of the Project. After careful consideration of the Expressions of Interest received, the TRP invited 27 property developers/consortia to submit tender.

The Project is divided into three sites (Sites A, B and C) and is being implemented in phases. The site being put up for development is Site C bounded by Graham Street, Gage Street and Cochrane Street, covering a site area of about 2,685 square metres. Upon completion, it is planned to provide a gross floor area of not more than 40,275 square metres for office, hotel and retail purposes and to provide a public open space of not less than 1,310 square metres for the enjoyment of the community.

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