GAW Capital Partners Proposes ‘Iconic World Class Lifestyle Destination’ for Singapore Heritage Restoration
(Hong Kong, September 6, 2010) – Gaw
Capital Partners has tendered to the Urban Redevelopment Authority of Singapore
to purchase the historic Capitol Theatre and its surrounding properties at the
junction of Stamford
and North Bridge Road.
It intends to build an iconic and world-class
landmark entertainment and hotel
destination, having exclusively engaged the internationally acclaimed architecture firm Herzog & de Meuron.
its many award winning works such as the “Bird’s Nest” National Stadium for the
Beijing Olympics, Herzog & de Meuron have realized many successful projects
world-wide that re-animate valuable heritage structures and their surroundings
through the introduction of cultural uses and public spaces. Some examples
include the Fünf Höfe museum and retail development in the historic centre of Munich, the CaixaForum in Madrid,
and the Tate Modern in London,
which they are currently expanding due to its immense popularity.
cutting-edge heritage proposal for Singapore
involves revitalising three historically significant buildings – Capitol
Theatre, Capitol Building and Stamford House –with
cutting-edge entertainment uses, a new structure that extends the architectural
language of the existing buildings with a bold contemporary statement, and a
series of public spaces that connect, sculpt and activate the collection of
conserved and new buildings.
into the concept is a ground breaking 5-star hotel, Covent Garden-style lanes of trend-setting restaurants and nightspots, and
chic, designer-oriented shopping mall – linked by an underground pedestrian
network with retail elements to City Hall MRT Interchange Station and nearby
proposal pledges a “distinctive, iconic and world-class
destination venue unlike anywhere else in Singapore or indeed the world”.
Capital Partners’ vision deeply respects the heritage and architecture of the landmark buildings Capitol Theatre, Capitol Building and Stamford House. It will capitalize on its award-winning
conservation experiences from Los Angeles to Asia.
our proposal is not a conventional real estate development. We are creatively integrating this
hospitality, dining, entertainment and retail environment while injecting
value-added elements that are not present in Singapore,” said Gaw Capital
Partners Chairman & Managing Principal, Goodwin Gaw.
Gaw, Gaw Capital Partners’ President & Managing Principal, added “Each
element is distinctively separate, yet inextricably linked, creating a novel
blending of design, lifestyle, culture and enjoyable quality of life, but
continuing to respect and preserve for the long-term the historically significant
are excited by the prospect of breathing new life into the Capitol Theatre and heritage
buildings, creating a truly distinctive lifestyle destination that makes a bold
new contribution to Singapore’s
entertainment attractions and quality of life as a leading world city.”
firm and its controlling interests have an enviable track record of
award-winning developments including forward thinking hospitality and high-end
retailing over the past two decades – many involving heritage restorations.
experience of Gaw Capital and its controlling interests in conservation and
conversion projects dates back to the early 1990s. The group is renowned for its expertise and
acumen in respecting historic architecture while transforming and revitalising landmark buildings.
track record has ranged from the conservation and refurbishment of the
legendary Strand Hotel in Yangon, bringing a new lease of life to the Hollywood
Roosevelt Hotel, and pioneering the rejuvenation of Downtown Los Angeles with
revitalisation of the oldest commercial property in the city, the Bradbury
building, which is now a tourist attraction in its own right, and One Bunker
Hill, distinguished as one of the first buildings in the world with
recently, Gaw Capital Partners restored and repositioned Plaza 353 in
Shanghai, formerly a jaded state-owned bookstore
dating back to 1932 in the
heart of China’s
premier pedestrian shopping district on Nanjing East Road. Gaw Capital acquired
and transformed the building into a hip, modern ‘best-in-class’ mall with 40,000 sqm of retail space – while
the façade was painstakingly restored to its original grandeur. Opened in
October 2008, Plaza 353 complements
respect for historic architecture while appealing to the young generation with latest lifestyle trends and all things new.
its track record of redevelopment, focusing on long term assets rather than
short term projects, the group has established partnerships with world leaders
in their specific fields from international architects and designers to
celebrated chefs and restaurateurs, admired hoteliers, luxury serviced
apartment operators, designer fashion brands, cutting-edge event organizers and
legendary entertainment impresarios.
sectors synonymous with our group embrace heritage property restoration and
re-development, cutting-edge hospitality, entertainment and shopping,” added Mr.
years, we have been searching for the right site in Singapore and this exciting and
prestigious Stamford Road
/ North Bridge Road
tender is a perfect fit with our commitment to excellence in heritage
restoration and revitalization. We look forward to having the opportunity to
contribute our experience and expertise to make Singapore an even more fun and exciting
experience tells us the ingredients for a successful heritage project are to respect
the people, the culture and the neighborhood – and to weave the project back
into people’s lives allowing them to re-discover a lost asset once again.
To respect its past, re-interpret its present and re-imagine its future
is what we have in mind for this exciting project and all heritage
conservations alike,” he concluded.