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KONE Corporation, press
release, October 4, 2012
KONE has won an order to supply 52 elevators and 21 escalators to South Beach, a new 150,000 m2 mixed use eco-quarter development in downtown Singapore.
The scheme will house almost 50,000 m2 of lettable office space and a 651 bedroom designer hotel. There will be a total of 190 premier residential apartments and almost 8,000 m2 of retail space. A members only club will be accommodated within a 2,700 m2 area.
The project also includes the conservation of four historic buildings and two striking towers standing at 45 and 34 storeys each. The complex will feature lush planting and sky gardens and is scheduled for completion in 2015.
KONE was involved in the early stages of the project planning and created a customized People Flow(TM) solution to meet the needs of the various building types and user groups. The high-rise buildings will have 31 KONE MiniSpace(TM) elevators, of which six will travel at speeds of 8.0 m/s. The office tower will feature the KONE Polaris(TM) hybrid destination control system, which will reduce waiting times for office workers with the use of artificial intelligence.
An additional 21 KONE MonoSpace® machine-room-less elevators will be delivered to South Beach, of which three are scenic models. The elevators come equipped with regenerative drives which will reduce up to 35 percent of an elevator's total energy consumption, by supplying the regenerated electrical energy back to the building's power network. The penthouse apartments in the high rises will have five small home lifts to improve accessibility for people with impaired mobility. The order also includes 16 KONE TravelMaster(TM) and five KONE TransitMaster(TM) escalators, which will help create optimal retail flow in the shopping area.
"We are happy to provide our innovative and customized People Flow solutions in this project design which continues the Singaporean ideal of the 'city in a garden'," says Noud Veeger, EVP and Area Director of KONE Asia Pacific and Middle East. South Beach has been designed by architects Foster + Partners and the hotel interior by Philippe Starck . The site is jointly developed by City Developments Limited (CDL) and IOI Group.
The order was booked in the third quarter of 2012.
For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.