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By Jennani Durai
TRANSPORT operator SMRT and NTUC FairPrice jointly won a bid yesterday to manage more than 40,000 sq m of retail space in the new Singapore Sports Hub.
SMRT Alpha - a joint venture between subsidiaries of SMRT and FairPrice - was appointed to lease and operate the space, with SMRT owning a majority stake of 70 per cent. SMRT Alpha will have the lease of the space in Kallang - which is roughly equivalent to the net lettable retail space of Raffles City - for 12 years.
The retail mall and waterfront area will have a range of indoor and outdoor dining outlets, stores, entertainment options and a FairPrice Xtra hypermarket.
In a statement yesterday, SMRT chief executive Desmond Kuek said the company remains committed to its primary role as a safe and reliable transport operator, but is proud to be involved in promoting a sports and lifestyle destination for Singapore.
"Leveraging our transport network and retail management strengths, we are able to offer Sports Hub unique support to enhance its success and vibrancy.
"With the Circle Line Stadium station on the doorstep of the Singapore Sports Hub, the public can enjoy convenient, quick and easy travel to this highly iconic venue," he said.
His comments come less than three months after he took the helm of SMRT and vowed that strengthening its operations, engineering and maintenance capabilities would be his main priority.
He said then: "What is certain is that we are first and foremost a public transport operator. This is the core business that we are responsible for and must excel in."
He assumed his role as president and CEO after a turbulent time for the firm, in the aftermath of two major MRT disruptions last December that triggered a six-week Committee of Inquiry.
TRANSPORT operator SMRT and NTUC FairPrice jointly won a bid yesterday to manage more than 40,000 sq m of retail space in the new Singapore Sports Hub.
SMRT Alpha - a joint venture between subsidiaries of SMRT and FairPrice - was appointed to lease and operate the space, with SMRT owning a majority stake of 70 per cent. SMRT Alpha will have the lease of the space in Kallang - which is roughly equivalent to the net lettable retail space of Raffles City - for 12 years.
The retail mall and waterfront area will have a range of indoor and outdoor dining outlets, stores, entertainment options and a FairPrice Xtra hypermarket.
In a statement yesterday, SMRT chief executive Desmond Kuek said the company remains committed to its primary role as a safe and reliable transport operator, but is proud to be involved in promoting a sports and lifestyle destination for Singapore.
"Leveraging our transport network and retail management strengths, we are able to offer Sports Hub unique support to enhance its success and vibrancy.
"With the Circle Line Stadium station on the doorstep of the Singapore Sports Hub, the public can enjoy convenient, quick and easy travel to this highly iconic venue," he said.
His comments come less than three months after he took the helm of SMRT and vowed that strengthening its operations, engineering and maintenance capabilities would be his main priority.
He said then: "What is certain is that we are first and foremost a public transport operator. This is the core business that we are responsible for and must excel in."
He assumed his role as president and CEO after a turbulent time for the firm, in the aftermath of two major MRT disruptions last December that triggered a six-week Committee of Inquiry.
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