Australia’s leading trade credit platform Marketlend secures US$100 million financing facility31/10/2020 KUALA LUMPUR, Oct 28 -- Marketlend, Australia’s leading marketplace trade credit platform recently closed a new US$100 million financing facility with Crayhill Capital Management LP, a New York-based private credit manager and asset-based lender. (US$1 = RM4.165)
According to a statement, this new facility will assist with liquidity and cash flow management to global companies affected by the COVID-19 pandemic. It complements Marketlend’s existing trade credit securitisation programme, which offers financing to companies engaged in international trade. The Crayhill financing facility supports Marketlend’s international insured trade receivables lending business throughout Asia, the Middle East and Oceania. Marketlend provides supply chain finance, debtor finance and line of credit products to borrowers, with a quick turnaround and competitive rates. The company securitises each trade credit facility from inception and delivers an investment that is accompanied by individualised trade credit risk protection enhancements. In furtherance of the need to unlock working capital for SMEs, Marketlend’s latest products UnLock, a Buy Now Pay Later B2B solution, is a payment gateway that enables SMEs to boost their purchasing power with suppliers and have extended supplier terms of up to 30, 60 or 90 days. More details at www.marketlend.com.au -- BERNAMA
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KUALA LUMPUR, Oct 28 -- Sweet taste solutions provider, SweeGen has announced the expansion of its natural sweetener portfolio with the commercial production of Bestevia® Reb I, a next generation high-purity stevia sweetener and flavour unique to SweeGen.
Reb I expands SweeGen’s toolbox for tackling the challenges of reducing sugar and delivering sweet taste solutions to food and beverage manufacturers, according to a statement. The newest edition to SweeGen’s natural sweetener portfolio works well in product applications across the spectrum, ranging from dairy, beverages, nutritional bars, confectionery to savory. Reb I imparts a clean taste profile and sugar-like sweetness and complements SweeGen’s application technology. It is a versatile sweetener which can be used at various levels of sugar reduction to drive unique taste profiles. It is produced by a patented bioconversion technology, starting with the stevia leaf. This process was developed by Conagen, a biotech innovator of sustainable ingredients. SweeGen’s entire proprietary portfolio of next generation, natural Bestevia stevia sweeteners are produced with Conagen’s bioconversion technology, and classified as next generation non-GMO, high-purity and clean tasting. SweeGen has already received the FDA Generally Regarded As Safe no objection letter, and achieved The Flavor and Extract Manufacturers Association. Global regulatory approval is underway. More details at www.sweegen.com. -- BERNAMA KUALA LUMPUR, Oct 30 -- Anomali, an intelligence-driven cybersecurity solutions leader, has been selected by Japan-based Machina Record to utilise its product suite to generate threat intelligence.
According to a statement, Anomali’s product suite will strengthen detection and speed response capabilities for its customers across the region. “The APAC region has always been at the centre of the digital world, a factor that attracts the attention of cybercriminals and nation-state adversaries,” said Anomali (APAC) Sr Vice-President and GM, Geoff Noble. “With Anomali underpinning its threat intelligence capabilities, Machina Record will accelerate detection and response over the threats that are most impactful to their customers’ environments.” Machina Record Inc Chief Executive Officer, Yusuke Gunji said: “With Anomali, we are turning vast amounts of data into intelligence that allows us to analyse threats and develop effective countermeasures that reduce risk across our customers’ environments.” Frost & Sullivan recently named Anomali as the winner of the 2020 Frost Radar Innovation Excellence Award for the Global Threat Intelligence Platforms Market, securing the largest share of the market (40 per cent). -- BERNAMA KUALA LUMPUR, Oct 30 -- AlumaSafway, a BrandSafway company, has been named a 2020 Constructing Safety Leadership Award winner by the Saskatchewan Construction Safety Association (SCSA).
These annual awards recognise the most successful safety companies and leaders among SCSA’s members, based on their significant achievements in safety leadership and excellent safety practices during the prior year (2019). “This award demonstrates our commitment to continually raising the bar and leading our industry in safety,” said BrandSafway Global Environmental Health and Safety vice-president, Steve Wilson. “I would like to take this opportunity to thank the SCSA for their partnership and to congratulate Justin Lasnier, the regional safety manager, Don Black, Saskatchewan branch manager, and all of our dedicated trades workers in Saskatchewan for this outstanding achievement.” The SCSA is an industry-funded, membership-based non-profit organisation that provides safety training and advice to employers and employees in the construction industry throughout the province. Serving almost 10,000 member companies, the SCSA vision is to create the safest construction environment in Canada, according to a statement. More details at www.AlumaSafway.com. -- BERNAMA ITO, BPO markets slump on COVID-19 concerns, as companies turn to cloud-based services
SYDNEY, Australia, Oct 30 (Bernama-GLOBE NEWSWIRE) -- Buffeted by pandemic concerns, the managed services market in Asia Pacific fell in the third quarter to its lowest level in 14 years, according to the latest state-of-the-industry report from Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The Asia Pacific ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of US $5 million or more, shows the region’s managed services market plummeted 48 percent in the third quarter, to US $338 million, its worst showing since 2006. Within managed services, information technology outsourcing (ITO) was down 50 percent, to US $277 million, and business process outsourcing (BPO) was down 32 percent, to US $61 million. Meanwhile, ACV for cloud-based services, traditionally the dominant force in the region’s sourcing success, was up 6 percent in the third quarter, to US $1.6 billion. That figure includes infrastructure-as-a-service (IaaS), up 8 percent, to US $1.4 billion, and software-as-a-service (SaaS), down 8 percent, to US $222 million—one of its lightest quarters in the last three years. Asia Pacific’s combined market (both managed services and as-a-service) was down 10 percent, to US $1.97 billion, despite overall growth in the as-a-service segment. “Asia Pacific began the year with a record quarter for cloud-based services, but the as-a-service market has drifted lower the last two quarters, reflecting slowing investment due to the pandemic,” said Scott Bertsch, partner and regional leader, ISG Asia Pacific. “This quarter, the growth in cloud-based services was not enough to lift the combined market in Asia Pacific.” Market-share battles in cloud infrastructure continue to rage across the region, especially in India, where the action is heating up in the telco, broadband internet and public cloud markets, Bertsch said. AWS, for example, signed an agreement with Bharti Airtel to bring more cloud services to companies in India, while Microsoft formed a partnership with Jio. In the managed services arena, Bertsch noted that contract volume fell back to more typical levels in the third quarter after a rise in contracting activity the previous quarter. “Virtually all the deals were below US $20 million,” said Bertsch. “Large awards, historically a challenge for Asia Pacific, have dried up since the onset of COVID-19, and the path to closing those deals has grown longer.” Notable bright spots, Bertsch said, were Accenture winning a sizable transaction with a large manufacturer in Asia, and IBM closing a deal with the Airport Authority of Hong Kong. Year-to-Date Performance For the first nine months, Asia Pacific’s combined market dropped 7 percent, to US $6.4 billion. Managed services dropped 41 percent, to US $1.4 billion, on a lack of large deals, with ITO (down 40 percent, to US $1.2 billion) and BPO (down 49 percent, to US $197 million) both contributing to the poor performance. Most of the region’s geographic markets were down substantially, except for Australia-New Zealand (ANZ), which saw its ACV grow 3 percent year to date. As-a-Service, meanwhile, rose 11 percent, to US $5 billion, although this segment is growing much more slowly than in previous years. IaaS was up 14 percent, to US $4.3 billion, even as SaaS declined 6 percent, to US $695 million. Global Forecast ISG is forecasting the global managed services market will be down 6 percent for the full year, 150 basis points better than its July forecast. The firm is projecting the global as-a-service market will grow by 15.5 percent in 2020, up from its 11 percent forecast in July. About the ISG Index™ The ISG Index™ is recognized as the authoritative source for marketplace intelligence on the global technology and business services industry. For 72 consecutive quarters, it has detailed the latest industry data and trends for financial analysts, enterprise buyers, software and service providers, law firms, universities and the media. In 2016, the ISG Index was expanded to include coverage of the fast-growing as-a-service market, measuring the significant impact cloud-based services are having on digital business transformation. ISG also provides ongoing analysis of automation and other digital technologies in its quarterly ISG Index presentations. For more, visit this webpage. About ISG ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com. Press Contacts: Will Thoretz, ISG +1 203 517 3119 [email protected] Jim Baptiste, Matter Communications for ISG +1 978 518 4527 [email protected] SOURCE : Information Services Group, Inc. TRICOR AXCELASIA EXPANDS INTO SINGAPORE WITH NEW GOVERNANCE, RISK & COMPLIANCE (GRC) SOLUTIONS30/10/2020 SINGAPORE, Oct 30 (Bernama-BUSINESS WIRE) -- Tricor Group (Tricor), Asia's leading business expansion specialist providing integrated business, corporate, investor, human resources and payroll, corporate trust and debt services and strategic business advisory is pleased to announce that Tricor Axcelasia, a wholly owned subsidiary of Tricor Group, has expanded its full range of corporate governance, risk and compliance (GRC) solutions into Singapore to offer risk management, internal audit and sustainability advisory to the C-suites and boards of publicly listed companies, private companies, multinational corporations and government-linked entities.
Tricor Group’s acquisition earlier this year of the Malaysian operations of Axcelasia, Inc., a SGX listed company, offers clients expertise in corporate GRC and internal audit and enhances Tricor’s well-renowned corporate services solutions in the ASEAN region. Tricor Axcelasia, with a staff of 100+ professionals and a 1,000+ client portfolio, is led by seasoned industry executives, including Regional Managing Director Ranjit Singh and Non-Executive Chairman Dr. Veerinderjeet Singh. Tricor Axcelasia provides organizations with a tailored approach to structuring a solid corporate GRC framework, establishing sound risk management, regulatory compliance and internal audit practices. Now expanding into Singapore, Tricor Axcelasia will partner with organizations to increase awareness of strategic GRC best practices and know-how, identify business improvement opportunities with risk-based internal audit, transform day-to-day operations by integrating sustainability strategies, and provide objective guidance on board activities. Gary Tok, Tricor Group Chief Commercial Officer, said: “We are pleased to bring Tricor Axcelasia’s full GRC suite to Singapore. During this unprecedented moment of disruption, as companies in Singapore and beyond face emerging obstacles created by the COVID-19 pandemic, enterprise risk management is even more critical. Our dedicated team of highly experienced, specialized experts is fully prepared to develop and deploy integrated solutions that align GRC strategy with business strategy to enhance performance, raise security measures, fulfill regulatory requirements and protect organizations in Singapore against today’s increasingly challenging global business environment.” Lon Gee Ho, Tricor Singapore CEO, said: “The GRC landscape in Singapore, ASEAN and global markets is constantly evolving. Our dedicated team can help organizations navigate complex operating environments so they can reap maximum value from their GRC investment.” Ranjit Singh, Regional Managing Director Tricor Axcelasia, said: “Risk-minded organizations are better able to develop optimization strategies, supported by data and methodologies that reflect the many challenges ahead. Tricor Axcelasia’s professional and thorough guidance pre-emptively prioritizes the risks and challenges posed by constantly changing regulations and market conditions. In particular, our collaborative, tailored approach ensures that our services are personalized to every organization, industry and geography we serve.” About Tricor Group Tricor Group (Tricor) is the leading business expansion specialist in Asia, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, corporate trust & debt services, and strategic business advisory. Tricor provides the building blocks for, and catalyzes every stage of clients’ business growth, from incorporation to IPO. Tricor has had a rapid expansion through organic growth and development as well as partnerships, mergers and acquisitions. The Group today has over 50,000 clients globally (including 20,000 clients in Mainland China), a staff strength of over 2,700 and a network of offices in 47 cities across 21 countries / territories. Our client portfolio includes over 1,500 companies listed in Hong Kong SAR and Mainland China, ~500 companies listed in Singapore and Malaysia, and more than 40% of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets. In March 2017, the Permira Funds became the controlling shareholder of the Tricor Group, alongside management. Visit: www.tricorglobal.com / www.tricoraxcel.com View source version on businesswire.com: https://www.businesswire.com/news/home/20201029005705/en/ Contact For more information, please contact: HONG KONG SAR (GROUP OFFICE) Sunshine Farzan Tricor Services Limited Group Head of Marketing & Communications Tel: +852 2980 1261 Email: [email protected] Source : Tricor Group Sets a new standard for face detection when wearing PPE
SEATTLE, Oct 30 (Bernama-GLOBE NEWSWIRE) -- SAFR from RealNetworks, Inc. (NASDAQ: RNWK) today announced improved face detection and recognition accuracy for both masked and unmasked faces with the release of SAFR 3.0. Available now, SAFR’s 3.0 release introduces a new default high sensitivity face detector. Customers running the high sensitivity face detector will see a 95.1% detection rate and 98.85% recognition accuracy rate for faces covered by PPE face masks — including non-surgical fabric masks of varying patterns — in surveillance-style videos of faces in motion. Detection efficiency has also been improved when multiple faces are simultaneously in the field of view to ensure detection and recognition speeds remain high. “With the 3.0 release, SAFR continues its track record of maintaining high-accuracy under challenging real-world conditions, including the new norms brought by this global pandemic. SAFR’s accuracy improvements will enable customers to deploy face-based contactless secure access without requiring removal of PPE and ensure persons of interest and registered VIPs don’t go unrecognized while wearing face masks,” said Brad Donaldson, VP Computer Vision, SAFR. SAFR 3.0 also includes a new mask detection dashboard that enables customers to anonymously track mask usage rates and view and filter by age, gender, location, and time. This dashboard joins the existing occupancy and traversal dashboards available in the SAFR web console. “NTT DOCOMO provides facial recognition service with RealNetworks to the Japanese market. With SAFR’s new functionalities, and in particular the new mask detection feature, we believe that we can enhance the safety and security of people and organizations. We will continue to work with various partners to create new value-added solutions to help solve social issues,” said Hisakazu Tsuboya, Senior Vice President, General Manager of 5G & IoT Business Department, NTT DOCOMO, INC. Learn more about the 3.0 release at https://safr.com/release-notes/. About SAFR SAFR (www.safr.com) is the world’s foremost facial recognition platform for live video intelligence. It taps the power of AI to help the world get back to work. Whether it’s used for occupancy counting, face mask detection, or touchless entry control, SAFR can be deployed on premises, in the cloud, or with a VMS. SAFR enhances security, heightens situational awareness, and delivers insights that improve operational efficiency and protect the health and safety of people everywhere. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f20caff2-d570-4f50-89b1-2fd7993061c1 For more information please contact: Amanda Perry [email protected] SOURCE : RealNetworks, Inc. Toshiba: TCR3RM Series of 32 LDO regulators that bring enhanced power stabilization to DC power lines for mobile devices (Photo: Business Wire) TOKYO, Oct 30 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation ("Toshiba") has launched the “TCR3RM Series” of 32 LDO regulators that bring enhanced power stabilization to DC power lines for mobile devices such as smartphones and wearable devices. Shipments of the first products in the series start today, and others will follow in turn. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201029005516/en/ The new TCR3RM series combines a bandgap circuit with a low-pass filter that allows through only extremely low frequencies, and a low-noise, high-speed operational amplifier, to realize an industry-leading[1] high ripple rejection ratio[2] and low output noise voltage. The 32 products in the lineup have a maximum output current of 300mA and output voltages ranging from 0.9V to 4.5V. Customers can select output voltage by application. The package is a compact DFN4C package, only 1mm x 1mm, suitable for camera applications, audio applications, and for the RF circuits of power supply lines in mobile devices requiring high-density mounting, such as smartphones and wearable devices. In typical LDO regulators, when the frequency of noise on input voltage is over 1kHz, the ripple rejection ratio drops approximately 20dB for every 10 times increase in frequency. For noise over 100kHz, it drops approximately 40dB for every 10 times increase. As a result, the LDO regulator may not be sufficiently able to remove noise of over 100kHz generated by DC-DC converter circuits or similar circuits. The new products offer an ample ripple rejection ratio and output noise voltage characteristics, even at noise frequencies of 100kHz or higher. This contributes to stabilization of power supply lines, including high output voltage accuracy. Applications Mobile devices
Main Specifications http://mrem.bernama.com/pdf/Main%20Specifications(38548).pdf Notes: [1] Among LDO regulators with a maximum output of 300 mA, Toshiba survey as of October 28, 2020. [2] The ripple rejection ratio (R.R. : Ripple rejection Ratio) is the same as the power supply rejection rate (PSRR: Power Supply Rejection Ratio) indicated on other manufacturers' products. [3] 32 products. The number showing output voltage goes into "xx". [4] Except control pull down current (ICT) Follow the link below for more on the new products. TCR3RM Series https://toshiba.semicon-storage.com/list/index.php?f%5B%5D=9%7CTCR3RM&p=&h=&sort=3,asc&code= param_610®ion=apc&lang=en&cc=&scroll_x=0&scroll_y=0 Follow the link below for more on Toshiba’s LDO regulators. Low-Dropout Regulators (LDO Regulators) https://toshiba.semicon-storage.com/ap-en/semiconductor/product/ power-management-ics/low-dropout-regulators-ldo-regulators.html To check availability of the new products at online distributors, visit: TCR3RMxxA https://toshiba.semicon-storage.com/ap-en/ semiconductor/where-to-buy/stockcheck.TCR3RM.html Customer Inquiries Small Signal Device Sales & Marketing Dept. Tel: +81-3-3457-3411 https://toshiba.semicon-storage.com/ap-en/contact.html *Company names, product names, and service names may be trademarks of their respective companies. *Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice. About Toshiba Electronic Devices & Storage Corporation Toshiba Electronic Devices & Storage Corporation combines the vigor of a new company with the wisdom of experience. Since becoming an independent company in July 2017, the company has taken its place among the leading general devices companies, and offers its customers and business partners outstanding solutions in discrete semiconductors, system LSIs and HDD. Its 24,000 employees around the world share a determination to maximize the value of its products, and emphasize close collaboration with customers to promote co-creation of value and new markets. The company looks forward to building on annual sales now surpassing 750-billion yen (US$6.8 billion) and to contributing to a better future for people everywhere. Find out more about Toshiba Electronic Devices & Storage Corporation at https://toshiba.semicon-storage.com/ap-en/top.html View source version on businesswire.com: https://www.businesswire.com/news/home/20201029005516/en/ Contact Media Inquiries: Chiaki Nagasawa Digital Marketing Department Toshiba Electronic Devices & Storage Corporation Tel: +81-3-3457-4963 [email protected] Source : Toshiba Electronic Devices & Storage Corporation New Full Stack Observability Platform, Integration With Cisco Intersight Workload Optimizer and Cloud Native Visualization Features Provide Cross Domain Insights and Analytics of Business Performance in the Cloud
SAN FRANCISCO, Oct 30 (Bernama-BUSINESS WIRE) -- AppDynamics, a part of Cisco and the world’s #1 APM solution and full-stack, business centric observability platform, today released new capabilities designed to help IT teams build cloud native applications with confidence by connecting hybrid cloud application performance to business performance in real-time. Through a context-sensitive visualization interface, correlated insights across domains and intelligent resource optimization, enterprise IT leaders will be able to reduce noise and surface only the most business-critical information and insights across their unique hybrid environments. “AppDynamics’ new portfolio of cloud native services is the only solution on the market to provide an easy to use performance monitoring platform that helps users tame the complexity of the cloud from the application all the way through to the network,” said Jeetu Patel, senior vice president and general manager, security & applications, Cisco. “By reducing noise and providing the context that matters most to cloud workflows, business leaders will be able to accelerate their digital transformation initiatives and improve their user experiences.” Technologists are adopting cloud services faster than ever before in response to the global COVID-19 pandemic and the increased pressure it has placed on IT. While new cloud technologies have delivered flexibility and enabled innovation for businesses as they seek to deliver seamless customer and employee digital experiences, they have also led to more complex and distributed application architectures. This has created huge challenges for technologists in enterprise organizations who typically rely on many traditional IT systems to run their businesses but now operate in a hybrid cloud environment. As IT teams adopt more cloud native services to meet the digital demands of their users, the challenge to refactor applications and design new features at scale becomes increasingly challenging due to a lack of holistic visibility and business context across the multiple environments. AppDynamics’ new portfolio of cloud capabilities closes that visibility gap and allows users to connect traditional systems with cloud native services, all in the context of business outcomes. These new capabilities include:
In the crowded HR technology market, a flawless customer experience is how businesses are staying competitive. Jobvite - known for its best-of-breed applicant tracking system (ATS) and recruiting software - understands the importance of investing in cloud technologies as a way to support the digital experiences they offer to customers. “At Jobvite, balancing development speed, quality and innovation concurrently is a challenge and we can’t afford to fail on any of these fronts,” said Ron Teeter, chief architect, Jobvite. “With AppDynamics new cloud native capabilities businesses can detect more issues early in development and resolve them before they become customer-impacting. AppDynamics allows us to shift left and get our most important products to market faster, while still delivering them with the high-quality standards our customers expect and deserve.” AppDynamics’ new cloud native capabilities are generally available today. Learn more about how to access these new services here. About Cisco Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Network and follow us on Twitter. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. About AppDynamics AppDynamics, a part of Cisco, is the world’s #1 Application Performance Monitoring (APM) solution and AIOps platform. AppDynamics is a full-stack, business centric observability platform that helps technologists prevent digital performance issues by monitoring cloud-native technologies and traditional infrastructure to understand exactly what drives user experiences and impacts the bottom line for businesses. Core products include: Business iQ, Experience Journey Map, and Cognition Engine. AppDynamics has been recognized by Gartner as a leader in the APM market for more than eight years and was positioned highest in ‘ability to execute’ in Gartner’s 2020 Magic Quadrant Report for APM. It received Glassdoor’s 2019 Best Places to Work Award and Fortune’s top 5 Best Places to Work in 2020 as part of Cisco. View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005273/en/ Contact Abby McAdams AppDynamics PR [email protected] Nancy Stebbins AppDynamics AR [email protected] Source : AppDynamics CROWN GROUP LAUNCHES FIRST MELBOURNE DEVELOPMENT LUXURY APARTMENTS IN SOUTHBANK NAMED "ARTIS"30/10/2020 Sydney Australia, Oct 30 (Bernama-GLOBE NEWSWIRE) -- Leading Australian property developer Crown Group will launch its first Melbourne development next month.
Crown Group Chairman and CEO Iwan Sunito said Artis, in prestigious Southbank, was part of Crown Group’s plan to create a $3 billion development pipeline in Melbourne. “We are confident to launch in the current market because we are supported by key market fundamentals – it is in a prime, highly sought-after location outside of the Melbourne CBD; there is strong demand for a boutique development with unique design; and there is restricted supply of such a product. Mr Sunito said having only 153 apartments, uninterrupted city views and a design by internationally renowned Koichi Takada Architects meant it was a truly limited offering. “There are very few developers launching in Melbourne in 2021 and therefore limited stock available to meet the pent-up demand,” he said. “There has also been a lot of anticipation about Crown Group coming to Melbourne for the first time.” Crown Group, which has offices in Sydney, Brisbane, Indonesia, and Los Angeles, has teamed with experienced Melbourne residential developer G3 Projects in their first joint venture. G3 Projects, headed by Bobby Iskandar Lim, has made a name for itself with numerous sophisticated boutique projects across Melbourne over the past 25 years. The landmark building will change the face of Southbank with its beautiful white ribbon-effect façade that reflects the movement of art in motion. Set across a corner site of 2070sqm at 175 Sturt Street, Artis will host 153 luxurious one, two and three-bedroom apartments and penthouses. Residents will have access to Crown Group’s signature resort-style facilities, which include a beautiful rooftop lounge with garden and children’s play area, level one gym and spectacular indoor pool and jacuzzi. A community arts space and café will provide a space for local artists to exhibit. Melbourne’s City Fringe and St Kilda Road Precinct – Colliers International Colliers Director, International Residential Melbourne, Robert Papaleo, said Artis would border the St Kilda Road precinct, offering prime living on the city fringe with easy access to the Royal Botanic Gardens and some of Melbourne’s most prestigious schools. “The rejuvenation of Southbank is continuing, with transformation of its riverside precinct and creation of new public spaces to match the appeal of the renowned St Kilda Road boulevard,” Mr Papaleo said. “This location is only set to improve with the opening of the new Anzac Metro Station in 2025, 600m away, and the $200m of improvements by the Victorian Government that will reinforce the primacy of the Southbank arts and cultural precinct.” He said Melbourne’s contemporary apartment market had enjoyed its re-birth via several projects around Southbank 30 years ago and now continued to evolve along with Melbourne’s improved global city status. “Artis will be at the frontier of the next generation of sophisticated apartment living in Melbourne with a standard of design that will meet the demands of increasingly discerning apartment dwellers,” he said. Mr Papaleo said Artis would launch at a time when new apartment supply in Melbourne was falling dramatically. The mid-2010s saw an unprecedented wave of new apartments built across Melbourne which was supported by an equally unprecedented level of demand,” he said. “This supported a fundamentally strong apartment market. The outlook now is for new apartment completions to fall dramatically post 2022 with buyers of quality apartments in city fringe locations like Southbank facing limited choices.” The Design – Art in Motion Architect Koichi Takada said Artis was at the gateway to the Melbourne Arts Precinct, so the design naturally celebrates the city’s vibrant arts scene and sense of community. “When we started designing, we wanted to think about the connection between art and form – in other words art and architecture,” he said. “And of course, art and architecture are contrary – one has no defined function, the other has a function and are static. So, we came up with this concept of art in motion. And motion is not something we usually associate with architecture. Therefore, it created a sense of tension between art and architecture – a contrast that we hope to humanise the high-rise building in an urban context.” Mr Takada said he was inspired by images in the arts to come up with the design, which has two striking curved white towers encircled by sinuous white “ribbons”. “The design was inspired by the tempo of music, adagio and legato, creating movement and fluidity throughout the spaces that is smooth and connected. The lower height and the community art space would also help humanise the buildings by giving back to the community. It is designed to be a platform for emerging artists.” “In terms of urban developments, there are a lot of spaces within this one where you can find a sense of escape,” he said. “This is something Crown Group does really well, with resort-style living and common amenities such as rooftop garden terraces, a residents’ room, a children’s playroom and gym. In that sense it is very much a Crown Group signature building.” Southbank – An Evolving Arts Precinct Melbourne Arts Precinct in Southbank forms the city’s cultural heart, with a higher concentration of galleries, theatres and art spaces than most cities in the world. The precinct shows more than 3000 performances and exhibitions each year. It is home to Australia’s most visited gallery, the National Gallery of Victoria, and the nation’s largest performing arts centre, Arts Centre Melbourne – home to The Australian Ballet, Melbourne Symphony Orchestra, Melbourne Theatre Company and Opera Australia. The Victorian Government is now working to transform the Melbourne Arts Precinct into one of the great creative and cultural destinations of the world with a $200 million funding boost. The Melbourne Arts Precinct Transformation will create major new attractions such as NGV Contemporary – set to be Australia’s largest gallery dedicated to contemporary art and design – and Arts Centre Melbourne’s new creative hub at 1 City Road, which will feature a new Australian Performing Arts Gallery, an expanded Australian Music Vault that celebrates Australia’s contemporary music story. The project will also modernise Arts Centre Melbourne’s Theatres Building – under the city’s landmark Spire. Complementing this will be 18,000 square metres of new and renewed pedestrian and garden areas to connect the surrounding neighbourhood with the amazing array of cultural institutions at its heart. For more information, visit https://www.crowngroup.com.au/melbourne/ Attachments Claire Xu Crown Group +86 13817970214 [email protected] SOURCE : Crown Group |
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