First Mediapolis@one-north building to start construction
Construction of the first building in Mediapolis@one-north is set to commence this month.
Developed by a joint venture (JV) between Citramas Nusaterra and Ascendas, the 10-storey building will have a gross floor area (GFA) of 24,078 sq m when completed in Q3 2012.
With a development cost of S$60 million, the project will host the first two fully operational soundstages in the country.
"The state-of-the-art soundstages and digital production studios will fill a critical gap in our media ecosystem," said Aubeck Kam, CEO of the Media Development Authority of Singapore (MDA).
The soundstages will be managed and operated by media and entertainment firm Infinite Frameworks (IFW), which has also acquired about 6,000 sq m (30 percent) of the space available for its Infinite Studios.
"Once completed, Infinite Studios will offer one-stop solutions for the regional media industry, as well as be firmly part of the global media value chain," said Mike Wiluan, Managing Director of IFW.
IFW is also teaming up with Hewlett Packard Singapore to offer digital media cloud services to tenants and users of Infinite Studios.
Another major tenant is media service provider Globecast Asia, taking up over 2,000 sq m.
"This move and building of GlobeCast's new satellite teleport in Mediapolis confirms our long-standing commitment to growing our business in Asia," said Darby Sanchez, CEO of GlobeCast Asia.
"Asian content producers will be able to connect and collaborate easily across the media value chain and send their content to the rest of the world via GlobeCast's worldwide fibre network."
Due to be completed by 2020, the 19 ha space will be home to a media ecosystem with secure and fast broadband connectivity.
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