TUAN Sing has submitted a town planning application for a major mixed-use development of its properties at 121 to 131 Collins Street, and 23 to 25 George Parade, in Melbourne, Australia.
This was done through Tuan Sing’s wholly owned subsidiary Grand Hotel Group (GHG), which instructed Hong Kong-based architect Urbis to submit the plan, announced the real estate group on Thursday (Nov 14).
The property currently houses Tuan Sing’s 550-room Grand Hyatt Hotel alongside various retail spaces.
Its podium from levels four to 9B will be revitalised into a “dynamic luxury retail and food and beverage precinct” through a complete transformation of the facade, which Tuan Sing said is designed to “enhance the streetscape and increase engagement” along Collins Street.
Overall, the redevelopment project comes with the aim to “redefine the landmark location in Melbourne (by) infusing it with modern, luxury amenities, while preserving its historic character”.
As GHG’s proposed redevelopment aims to retain much of the existing podium’s structure, Tuan Sing said business operations for the property’s tenants, as well as Grand Hyatt, are expected to continue as usual.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Instead, the renovation will focus on “sustainable adaptive reuse”, such as modifications to the facade, space reconfiguration and refurbishment.
The resultant site will span about 84,500 square metres in gross floor area.
Tuan Sing chief executive officer William Liem said the project is envisioned to “set a new benchmark for adaptive reuse in Melbourne”, and “extend the life of an iconic building, while enriching the public realm through thoughtful design and sustainability”.
“With the right approach, this transformation can be an architectural statement of our environmental stewardship. By reimagining rather than rebuilding, we’re pursuing an inherently sustainable vision that supports a thriving, connected and culturally vibrant Melbourne for generations to come,” he added.
Shares of Tuan Sing were trading S$0.005 or 2 per cent higher at S$0.25 as at 1.16 pm on Thursday, after the news.
