Chevron House
Encyclopedia
Chevron House, formerly called Caltex House, is a high-rise skyscraper
located in the central business district
of Singapore
. It is located on 30 Raffles Place, in the financial district of Raffles Place
. The building is near several buildings and landmarks, such as Singapore Land Tower
, Hitachi Tower
, Change Alley
and The Arcade, all of which are less than 100 metres (109.4 yd) away.
The development has direct underground access to Raffles Place MRT Station
. Hitachi Tower
, a nearby neighbour of Chevron House, shares a four-level retail podium with the building.
Chevron House has a total of 33 floors, not including 3 basement
levels, and it rises 152 metres (498.7 ft) above ground. The international headquarters of Caltex
is situated in the building.
Chevron House was designed by Murphy/Jahn, Inc. Architects and Architects 61, and was completed in 1993, just one year after its next-door neighbour, Hitachi Tower
. The other firms involved in the development are CapitaLand Commercial Limited, Savu Investments Private Limited, CapitaLand
, Obayashi Gumi Corporation, Sendai Eversendai Engineering Group, Steen Consultants Private Limited, PCR Engineers Private Limited, Chevalier Group, PCR Engineers Private Limited, Rider Hunt Levett & Bailey, and Toshiba Elevator and Building Systems Corporation
.
-linked fund bought Chevron House, at a price of S$730 million. This equates to $2,780 per square foot ($29,924/m²) of net lettable area. This is Goldman Sachs' second major acquisition of an office
property in Singapore. It will allow CapitaLand to have a profit of about $150.8 million from the sale of its stake.
Before the sale, Chevron House was owned by several companies. CapitaLand, IP Property Fund Asia and NTUC Income Insurance Co-operative
had a stake of 50 per cent, 25 per cent and 25 per cent respectively. A few months later, its neighbour Hitachi Tower
was also bought by Goldman Sachs.
architectural style, and is similar to that of Springleaf Tower
and Hitachi Tower
. It is mainly built out of aluminium
, glass
and steel
. A distinctive glass rotunda
and four-storey high portico is located at the entrance of the building. The rotunda motif is expressed on the roof, capped by radial sunshading louvres. This strong feature that distincts the building from other skyscrapers in Raffles Place.
interior with large windows.
Skyscraper
A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...
located in the central business district
Downtown Core
The Downtown Core is a 266-hectare urban planning area in the south of the city-state of Singapore. The Downtown Core surrounds the mouth of the Singapore River and southeastern portion of its watershed, and is part of the Central Area, Singapore's central business district...
of Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
. It is located on 30 Raffles Place, in the financial district of Raffles Place
Raffles Place
Raffles Place is a geographical location in Singapore, south of the mouth of the Singapore River. Located in the Downtown Core and the Central Area, it features some of the tallest buildings and landmarks of the country.-History:...
. The building is near several buildings and landmarks, such as Singapore Land Tower
Singapore Land Tower
Singapore Land Tower is a high-rise skyscraper located in the central business district of Singapore. It is located on 50 Raffles Place, next to Raffles Place MRT Station. It is just 100 metres away from Boat Quay and Collyer Quay....
, Hitachi Tower
Hitachi Tower
Hitachi Tower is a skyscraper located in the central business district of Singapore. It is located on 16 Collyer Quay, in the zone of Raffles Place, near Chevron House, Change Alley, Tung Centre, and The Arcade, all of which are roughly 100 metres away. Facing Clifford Pier, the building commands a...
, Change Alley
Change Alley
Change Alley is a cluster of shops in the financial district of Raffles Place in Downtown Core planning area in Singapore. It links Raffles Place to Collyer Quay. The place is named after the Change Alley of London, where stockbrokers congregated.The alley has a tenant mix of fashion, food,...
and The Arcade, all of which are less than 100 metres (109.4 yd) away.
The development has direct underground access to Raffles Place MRT Station
Raffles Place MRT Station
Raffles Place MRT Station ' is a Mass Rapid Transit interchange station on the North South Line and the East West Line in Singapore. It is directly beneath the centre of the financial district of Raffles Place, located in the Downtown Core area, south of the Singapore River...
. Hitachi Tower
Hitachi Tower
Hitachi Tower is a skyscraper located in the central business district of Singapore. It is located on 16 Collyer Quay, in the zone of Raffles Place, near Chevron House, Change Alley, Tung Centre, and The Arcade, all of which are roughly 100 metres away. Facing Clifford Pier, the building commands a...
, a nearby neighbour of Chevron House, shares a four-level retail podium with the building.
Chevron House has a total of 33 floors, not including 3 basement
Basement
__FORCETOC__A basement is one or more floors of a building that are either completely or partially below the ground floor. Basements are typically used as a utility space for a building where such items as the furnace, water heater, breaker panel or fuse box, car park, and air-conditioning system...
levels, and it rises 152 metres (498.7 ft) above ground. The international headquarters of Caltex
Caltex
Caltex is a petroleum brand name of Chevron Corporation used in more than 60 countries in the Asia-Pacific region, the Middle East, and southern Africa.-History:...
is situated in the building.
History
Hitachi Tower
Hitachi Tower is a skyscraper located in the central business district of Singapore. It is located on 16 Collyer Quay, in the zone of Raffles Place, near Chevron House, Change Alley, Tung Centre, and The Arcade, all of which are roughly 100 metres away. Facing Clifford Pier, the building commands a...
. The other firms involved in the development are CapitaLand Commercial Limited, Savu Investments Private Limited, CapitaLand
CapitaLand
CapitaLand Limited is the result of a merger in the year 2000 of then DBS Land and Pidemco Land. It is one of Asia's largest real estate companies. Headquartered and listed in Singapore, the company's core businesses are real estate development, hospitality and real estate financial services...
, Obayashi Gumi Corporation, Sendai Eversendai Engineering Group, Steen Consultants Private Limited, PCR Engineers Private Limited, Chevalier Group, PCR Engineers Private Limited, Rider Hunt Levett & Bailey, and Toshiba Elevator and Building Systems Corporation
Toshiba
is a multinational electronics and electrical equipment corporation headquartered in Tokyo, Japan. It is a diversified manufacturer and marketer of electrical products, spanning information & communications equipment and systems, Internet-based solutions and services, electronic components and...
.
Goldman Sachs acquisition
In September 2007, a Goldman SachsGoldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
-linked fund bought Chevron House, at a price of S$730 million. This equates to $2,780 per square foot ($29,924/m²) of net lettable area. This is Goldman Sachs' second major acquisition of an office
Office
An office is generally a room or other area in which people work, but may also denote a position within an organization with specific duties attached to it ; the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the...
property in Singapore. It will allow CapitaLand to have a profit of about $150.8 million from the sale of its stake.
Before the sale, Chevron House was owned by several companies. CapitaLand, IP Property Fund Asia and NTUC Income Insurance Co-operative
NTUC
NTUC may mean:* National Trade Unions Confederation of Mauritius* National Trades Union Congress of Singapore* Nepal Trade Union Congress* NTUC Income Insurance Co-Operative* NTUC Downtown East...
had a stake of 50 per cent, 25 per cent and 25 per cent respectively. A few months later, its neighbour Hitachi Tower
Hitachi Tower
Hitachi Tower is a skyscraper located in the central business district of Singapore. It is located on 16 Collyer Quay, in the zone of Raffles Place, near Chevron House, Change Alley, Tung Centre, and The Arcade, all of which are roughly 100 metres away. Facing Clifford Pier, the building commands a...
was also bought by Goldman Sachs.
Architecture
Chevron House models the late-modernistModern architecture
Modern architecture is generally characterized by simplification of form and creation of ornament from the structure and theme of the building. It is a term applied to an overarching movement, with its exact definition and scope varying widely...
architectural style, and is similar to that of Springleaf Tower
Springleaf Tower
Springleaf Tower is a high-rise skyscraper located in the central business district of Singapore. It is located on 3 Anson Road and near Prince Edward Road, in the zone of Shenton Way and Tanjong Pagar. The development is near other skyscrapers, such as 8 Shenton Way, MAS Building, International...
and Hitachi Tower
Hitachi Tower
Hitachi Tower is a skyscraper located in the central business district of Singapore. It is located on 16 Collyer Quay, in the zone of Raffles Place, near Chevron House, Change Alley, Tung Centre, and The Arcade, all of which are roughly 100 metres away. Facing Clifford Pier, the building commands a...
. It is mainly built out of aluminium
Aluminium
Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances....
, glass
Glass
Glass is an amorphous solid material. Glasses are typically brittle and optically transparent.The most familiar type of glass, used for centuries in windows and drinking vessels, is soda-lime glass, composed of about 75% silica plus Na2O, CaO, and several minor additives...
and steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
. A distinctive glass rotunda
Rotunda (architecture)
A rotunda is any building with a circular ground plan, sometimes covered by a dome. It can also refer to a round room within a building . The Pantheon in Rome is a famous rotunda. A Band Rotunda is a circular bandstand, usually with a dome...
and four-storey high portico is located at the entrance of the building. The rotunda motif is expressed on the roof, capped by radial sunshading louvres. This strong feature that distincts the building from other skyscrapers in Raffles Place.
Tenants
Major tenants of Chevron House includes Planet Fitness. Planet Fitness occupies 17000 square feet (1,579.4 m²) of space in the building. It is primarily used as a gym, and has a mezzanineMezzanine (architecture)
In architecture, a mezzanine or entresol is an intermediate floor between main floors of a building, and therefore typically not counted among the overall floors of a building. Often, a mezzanine is low-ceilinged and projects in the form of a balcony. The term is also used for the lowest balcony in...
interior with large windows.