Results 1 to 4 of 4

Thread: Capitol Theatre to re-open next year as part of new $1.1b Capitol Singapore project

  1. #1
    Join Date
    Oct 2011
    Posts
    10,829

    Default Capitol Theatre to re-open next year as part of new $1.1b Capitol Singapore project

    http://www.straitstimes.com/archive/...pore-project-2

    Capitol Theatre to re-open next year as part of new $1.1b Capitol Singapore project

    Published on Apr 3, 2014

    By Cheryl Ong


    The iconic Capitol Theatre will open its doors again in the second quarter of next year, almost 17 years after it screened its last movie in 1998.

    The theatre is part of the 542,000 sq ft Capitol Singapore integrated project on North Bridge Road, which will start welcoming visitors slightly earlier at the end of this year.

    Its developer Capitol Investment Holdings, a joint venture comprising Perennial Real Estate Holdings' President Pua Seck Guan, Pontiac Land Group's Kwee Liong Seen and Osim's Ron Sim, said the project's building structure has been completed after two and a half years.

    "By the end of this year, majority of these components will be operational. This brings us a step closer towards achieving our vision of creating an unparalleled first class integrated development that will drastically change the landscape of Singapore's civic and cultural district," said Mr Pua at a topping out ceremony at Capitol Singapore on Thursday.

    The value of Capitol Singapore is expected to be at least $1.1 billion, he added.

    When completed, Capitol Theatre's opening act "Singapura The Musical" will be staged by The 4th Wall Theatre Company. The act will centre on former Minister Mentor Lee Kuan Yew's journey as he built Singapore.

    As for Capitol Singapore's retail mall, luxury hotel The Patina and residential component Eden Residences Capitol, they will be ready by the end of 2014.

    Mr Pua told reporters that shoppers can expect new-to-market retail and food and beverage brands, but declined to comment on how much rental rates would be for retailers leasing space at the development.

    On the residential front, Mr Pua let on that one more unit had been sold to a "business associate". The 3,400 sq ft unit was transacted at "over $11 million".

    He added that the firm was "not really" holding back sales of its residential units following the multiple rounds of property cooling measures. "Our main business is not the residential component," he said.

  2. #2
    Join Date
    Oct 2011
    Posts
    10,829

    Default Capitol Singapore making good progress

    http://www.businesstimes.com.sg/arch...gress-20140404

    Published April 04, 2014

    Capitol Singapore making good progress

    By Lynette Khoo [email protected]


    [SINGAPORE] Capitol Singapore, a luxury integrated project that sits on a landmark site, is making big strides towards completion since its ground-breaking two and a half years ago.

    Its iconic attraction, Capitol Theatre, will re-open its doors in April next year - marking Singapore's first dual purpose theatre that can screen movies and also host theatre performances.

    Other key components of Capitol Singapore, which include a four-level retail component and The Patina, Capitol Singapore hotel are also on track for completion by the end of this year.

    Some 40 per cent of the retail space with total net lettable area of 133,000 sq ft have been committed, while 14 units of the 39 residential units at Eden Residences Capitol have been sold at an average $3,000 per square foot.

    The 157-room luxury hotel managed by Patina Hotels & Resorts will also be ready by the end of this year, offering highly personalised service.

    When completed, Capitol Singapore is expected to have a value of at least $1.1 billion. Capitol Investment Holdings, the consortium for this project, gave updates on the mixed development yesterday during the topping out ceremony. It is a joint venture between the Kwee family-backed Pontiac Land Group - which owns a 50 per cent stake in the JV - as well as Perennial Real Estate Holdings (PREH) (24 per cent) and OSIM CEO Ron Sim (26 per cent) in his personal capacity.

    The mixed development lies at the junction of Stamford and North Bridge roads, which spans Capitol Theatre, Capitol Building and Stamford House - all of which have conservation status.

    Capitol Investment Holdings director Kwee Liong Seen said yesterday that the Capitol Theatre will be "reinstated to its formal glory with 900 comfortable seats to provide patrons with an exciting cinema and theatre experience".

    Capitol Theatre was built in 1929 and screened its last movie in 1998. To preserve the style of the theatre, the developers kept and restored three distinctive architectural decorations.

    "The extensive restoration works undertaken, coupled with the new state of the art facilities that will be put in place, will endorse Capitol Theatre's status as one of the finest performing arts and cinema venues in Singapore," said Pua Seck Guan, vice-chairman and president of PREH.

    The theatre has an advanced rotational floor system which will allow innovative staging of performances. Its independently movable seat platforms can be transformed from a stepped floor with seats into a flat floor within minutes making it possible for conventions or gala dinners to be held there.

    Capitol Theatre's opening act Singapura The Musical will be staged by The 4th Wall Theatre Company, which will centre on the struggles of Singaporeans and of former minister mentor Lee Kuan Yew as they built the nation.

    After two years of laborious research, the musical production is in its final stages, Mr Pua said. He also said that he hopes to position the retail mall distinctively with international brands, flagship stores and new-to-market concepts to target the upper to mid-tier market, given the competition from other shopping malls in the vicinity.

    More details on the retail mall will be out in two to three months' time, he added.

  3. #3
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    miss the old theatre
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  4. #4
    Join Date
    Jan 2014
    Location
    The Sails
    Posts
    366

    Default

    That's was my favourite place during young primary school days.

Similar Threads

  1. Perennial to take reins of Capitol project after $528m buyout
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 19-03-18, 20:18
  2. What next for the Capitol project?
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 06-12-17, 20:26
  3. Russian magnate wants out of deal for $10.5m apartment at Capitol Singapore
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 29-11-17, 19:49
  4. Capitol Singapore ownership in the balance
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 15-04-16, 18:38
  5. Capitol Theatre slated for redevelopment
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 03-04-08, 13:51

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •