Page 24 - SAR141018_Forterra AR 2013

SEO Version

FORTERRA
ANNUAL REPORT 2013
COMMERCIAL
REAL ESTATE PORTFOLIO
22
of an existing building of
approximately 10 years old
consisting of 2 basement
levels and 6 storeys above
ground;
(b) The Place Phase 2 (formerly
known as The HQ 2), which
is an existing two level
outdoor pedestr ianised
mall and food street and
multilevel new bridge linking
the podiums of The Place
Phase 1 and The Place Phase
3; and
(c)
The Place Phase 3 (formerly
known as The HQ 3), which
is a new 12-storey office
tower, and a retail podium
with 4 basement levels and
7 storeys above ground.
The Place Phase 3 is set to secure
Gold LEED (“Leadership in Energy
and Envi ronmental Design”)
certification upon completion, a
unique achievement for a retail/
office mixed-use property in China.
The Place is expected to be
launched in the second half of
2014, with completion and tenant
occupancy dates for The Place
Phase 1 expected to occur in Q3
of 2014, and The Place Phase 2
and The Place Phase 3 to follow
in Q4 of 2014. The revision to the
completion and tenant occupancy
dates is the result of unforeseen
events, a recalibrated development
and operational review undertaken
by management to optimise the
The Place Phase 1:
Refurbishment of the
existing retail podium
consisting of 2 basement
levels and 6 storeys
above ground
The Place Phase 3:
Construction of a
4 level basement,
7 level retail podium
and 12 level office
The Place Phase 2:
Refurbishment
of the outdoor
pedestrianised mall
and food street
Computer Generated Image
The Place Phase 1 – Natural Ambience of Central Atrium