Surbana Jurong#Surbana International Consultants
{{Short description|A subsidiary of Temasek holding}}
{{EngvarB|date=January 2019}}
{{Use dmy dates|date=January 2019}}
{{Infobox company
| name = Surbana Jurong Private Limited
| logo = Surbana Jurong logo.jpg
| logo_size = 200
| logo_caption =
| type = Private{{cite web|title=SURBANA JURONG PRIVATE LIMITED (201428879H) - Singapore Business Directory|access-date=12 February 2021|publisher=SGPBusiness.com|url=https://www.sgpbusiness.com/company/Surbana-Jurong-Private-Limited}}
| key_people =
| industry = Urban planning and design
| owner = Temasek Holdings
| num_employees = 13,000
| num_employees_year = 2016
| subsid = {{ubl
|Sino-Sun Architects & Engineers Co. Ltd
}}
| website = {{URL|surbanajurong.com}}
| founded = {{Start date and age|df=y|2015|06|22}}
| location = Singapore
| predecessors = {{ublist | Jurong International Holdings |Surbana International Consultants}}
}}
Surbana Jurong Private Limited is a Singaporean government-owned consultancy company focusing on infrastructure and urban development. It was formed in June 2015 with the merger of Surbana International Consultants and Jurong International Holdings.{{Cite web|url=http://www.straitstimes.com/business/companies-markets/surbana-jurong-sets-its-sights-on-being-a-global-leader|title=Surbana Jurong sets its sights on being a global leader|last=Wong|first=Wei Han|date=23 June 2015|website=The Straits Times|access-date=1 August 2016}} As of July 2016, it is wholly owned by Temasek Holdings and had 13,000 employees.
History
In February 2015, JTC Corporation and Temasek Holdings announced plans to merge several of their subsidiaries. According to the agreement, JTC Corporation owned Jurong International Holdings and Temasek Holdings owned Surbana International Consultants were to be merged into a single entity with 49:51 partnership between JTC and Temasek.{{Cite web|url=http://www.straitstimes.com/business/companies-markets/temasek-jtc-give-official-blessing-to-merger-of-subsidiaries|title=Temasek, JTC give official blessing to merger of subsidiaries|last=Wong|first=Wei Han|date=16 February 2015|website=The Straits Times|access-date=1 August 2016}} The merger was completed in June 2015 with the merged entity named Surbana Jurong.
Predecessors
=Surbana International Consultants=
Surbana International Consultants (formerly part of Housing and Development Board) was a consultancy company specialising in sustainable urban solutions. Headquartered in Singapore, it was owned by CapitaLand and Temasek Holdings, an investment company owned by the Government of Singapore. It was formerly the Building and Development Division in Singapore's Housing and Development Board. Surbana International Consultants was corporatised in 2003 as a consultancy business and subsequently expanded to over 90 cities in 26 countries.Haila, Anne (2015). [https://books.google.com/books?id=-TFlCgAAQBAJ&pg=PA148 Urban Land Rent: Singapore as a Property State], p. 148. John Wiley & Sons. {{ISBN|1118827686}} One of its major international projects was the 2009 master plan for Kigali City in Rwanda to turn it into a financial hub for Africa.Hong, Mark and Lugg, Amy (eds.) (2015). [https://books.google.com/books?id=fmbFCwAAQBAJ&pg=PA98 The Rise of Singapore], Vol. 1, p. 98. World Scientific. {{ISBN|9814704954}} In 2014 Surbana International Consultants and Jurong International holdings began collaboration on a project from the Indian government to create Amaravati as the new capital city of Andhra Pradesh. A year later the two firms merged to form Surbana Jurong.Biswas, Rajiv (2016). [https://books.google.com/books?id=9mT-CgAAQBAJ&pg=PT65 Asian Megatrends], p. 65. Springer. {{ISBN|1137441895}}
=Jurong International Holdings=
Jurong International Holdings was a wholly owned subsidiary of JTC Corporation specialising in industrial development. It has built townships and provided marine and infrastructure developments. The company had operations in China, India and Middle East.{{Cite news|url=https://www.wsj.com/articles/singapores-temasek-jtc-in-talks-to-merge-some-property-units-1409837529|title=Singapore's Temasek, JTC in Talks to Merge Some Property Units|last=Venkat|first=P. R.|date=4 September 2014|newspaper=The Wall Street Journal|issn=0099-9660|access-date=2 August 2016}}
Milestones
=Notable projects=
Surbana Jurong was involved in master-planning and infrastructure planning for an industrial park and deep-sea port in the state of Rakhine, Myanmar.{{Cite web|url=http://www.straitstimes.com/business/companies-markets/surbana-jurong-clinches-new-projects-in-myanmar|title=Surbana Jurong clinches new projects in Myanmar|last=Chong|first=Koh Ping|date=27 February 2016|website=The Straits Times|access-date=1 August 2016}} In March 2016, Surbana Jurong secured two major contracts in Africa. The contract in Ghana, involved master-planning of Buipe and Tamale along with the conceptual planning of the Northern Savannah Ecological Zone. In Gabon it was involved in the master-planner for the Greater Libreville region.{{Cite web|url=http://www.businesstimes.com.sg/real-estate/africa-beckons-as-surbana-jurong-eyes-40-60-of-revenue-from-overseas-in-3-5-years|title=Africa beckons, as Surbana Jurong eyes 40–60% of revenue from overseas in 3–5 years|last=Khoo|first=Lynette|date=7 March 2016|website=The Business Times|access-date=1 August 2016}}
=Notable acquisitions=
On 22 June 2015, Surbana Jurong announced the acquisitions of KTP Consultants Pte Ltd in Singapore and Sino-Sun Architects & Engineers Co. Ltd in China.
On 11 November 2015, Surbana Jurong acquired 20% equity stake in China's CITICC (Africa) Holding Limited and an 8.4% stake in FLUX Factory, Inc. (a spin-off from Google X).{{Cite news|url=http://www.straitstimes.com/business/companies-markets/surbana-jurong-buys-stakes-in-two-firms-amid-african-foray|title=Surbana Jurong buys stakes in two firms amid African foray|last=hermes|date=12 November 2015|newspaper=The Straits Times|access-date=16 January 2017}}
On 1 August 2016, Surbana Jurong announced the acquisition of Australia-based SMEC Holdings for S$400 million.{{Cite web|url=https://www.straitstimes.com/business/surbana-jurong-buys-australias-smec-for-s400-million|title=Surbana Jurong buys Australia's SMEC for S$400 million|last=Whang|first=Rennie|date=1 August 2016|website=The Straits Times|access-date=27 September 2016}}
On 13 October 2016, Surbana Jurong acquired security firm, AETOS Holdings for an undisclosed amount.{{Cite news|url=http://www.businesstimes.com.sg/companies-markets/surbana-jurong-buys-security-firm-from-temasek|title=Surbana Jurong buys security firm from Temasek|last=Tan|first=Melissa|newspaper=The Business Times|access-date=17 October 2016}}{{Cite press release|url=https://surbanajurong.com/wp-content/uploads/2016/10/20161013_Surbana-Jurong-adds-safety-and-security-capabilities-with-acquisition-of-AETOS.pdf|title=Surbana Jurong Adds Safety & Security Capabilities With Acquisition of Aetos |publisher=Surbana Jurong|access-date=25 October 2016|date=13 October 2016|archive-url=https://web.archive.org/web/20190706034448/https://surbanajurong.com/wp-content/uploads/2016/10/20161013_Surbana-Jurong-adds-safety-and-security-capabilities-with-acquisition-of-AETOS.pdf|archive-date=6 July 2019|url-status=live}}{{Cite news|url=http://www.straitstimes.com/business/companies-markets/surbana-jurong-acquires-security-firm-aetos|title=Surbana Jurong acquires security firm Aetos|last=Leong|first=Grace|date=14 October 2016|newspaper=The Straits Times|access-date=17 October 2016}}
On 29 November 2017, Surbana Jurong acquired Robert Bird Group, a global consulting engineering firm.{{Cite news|url=http://www.afr.com/real-estate/robert-bird-flying-high-with-temaseks-surbana-jurong-takeover-20171128-gzulel|title=Robert Bird flying high with Temasek's Surbana Jurong takeover|date=29 November 2017|work=Financial Review|access-date=1 December 2017}}{{Cite news|url=http://www.businesstimes.com.sg/companies-markets/surbana-jurong-lifts-engineering-expertise-with-aussie-buy|title=Surbana Jurong lifts engineering expertise with Aussie buy|last=Meixian|first=Lee|work=The Business Times|access-date=1 December 2017}}
On 16 October 2018, Surbana Jurong acquired SAA Architects, a leading full-service architecture practice headquartered in Singapore. {{Cite web |last=Heng |first=Janice |date=2018-10-16 |title=Surbana Jurong acquires two architectural firms {{!}} The Straits Times |url=https://www.straitstimes.com/business/companies-markets/surbana-jurong-acquires-two-architectural-firms |access-date=2022-03-18 |website=www.straitstimes.com |language=en}}
On 12 November 2020, Surbana Jurong acquired Atelier Ten, a London-based environmental engineering firm.{{Cite web|last=Waite|first=Richard|date=2020-11-12|title=Singaporean infrastructure giant snaps up Patrick Bellew's Atelier Ten|url=https://www.architectsjournal.co.uk/news/singaporean-infrastructure-giant-snaps-up-patrick-bellews-atelier-ten|access-date=2020-11-12|website=The Architects’ Journal|language=en}}{{cite web |last1=Heng |first1=Janice |date=16 October 2018 |title=Surbana Jurong acquires two architectural firms |url=https://www.straitstimes.com/business/companies-markets/surbana-jurong-acquires-two-architectural-firms |access-date= |website=The Straits Times}}
=Partnerships=
On 14 September 2018, Surbana Jurong Capital (a wholly owned subsidiary of Surbana Jurong) and Mitsubishi Corporation signed an agreement to form Mitbana, a fund management company (FMC). The FMC will be operated as a 50:50 joint venture, and shall invest in urban development projects in Asia. This marks Surbana Jurong's first foray into the fund management business.{{cite web |url=https://surbanajurong.com/resources/news-press-releases/surbana-jurong-and-mitsubishi-corporation-enter-joint-venture-to-set-up-fund-management-company/#targetText=Surbana%20Jurong%20Capital%2C%20as%20the,sustainable%20returns%20for%20its%20stakeholders. |title=Surbana Jurong and Mitsubishi Corporation enter joint venture to set up fund management company |website=Surbana Jurong |date=14 September 2018 |access-date=20 September 2019 |archive-date=2 June 2022 |archive-url=https://web.archive.org/web/20220602000840/https://surbanajurong.com/resources/news-press-releases/surbana-jurong-and-mitsubishi-corporation-enter-joint-venture-to-set-up-fund-management-company/#targetText=Surbana%20Jurong%20Capital%2C%20as%20the,sustainable%20returns%20for%20its%20stakeholders. |url-status=dead }}
Future headquarters
On 18 January 2019, Surbana Jurong broke ground on its future headquarters in the future Jurong Innovation District. It will be located close to Nanyang Technological University, which set up the SJ-NTU Corporate Lab in 2018. When completed by 2021, the 68,915 square metre development will support 4,000 employees, and will be used to trial urban solutions before commercialisation.{{cite web |url=https://www.straitstimes.com/business/property/surbana-jurong-building-global-headquarters-in-jurong-innovation-district |title=Surbana Jurong breaks ground on global headquarters in Jurong Innovation District |website=The Straits Times |access-date=20 September 2019 |date=18 January 2019}}
References
{{Reflist}}
External links
- {{Official website|https://surbanajurong.com}}
{{authority control}}
Category:2015 establishments in Singapore
Category:Urban planning in Singapore
Category:Government-owned companies of Singapore