Fri, Jan 16, 2009 - Page 11 News List

Chinatrust breaks ground on NT$15bn construction project

By Joyce Huang  /  STAFF REPORTER

Chinatrust Financial Holding Co (齌蝁旄) yesterday broke ground for its new corporate headquarters, located in Taipei*s Nangang Economic-Trade Park (欬╮枔湳禤洁).

It will be the city*s biggest ever single corporate project and is scheduled for completion in 2012 at a minimal cost of NT$15 billion (US$449.4 million).

The new headquarters sit on a 9,000 ping (29,752m昆) plot of land, 4,800 ping of which will be open public space, Chinatrust chairman Jeffrey Koo (迖眵撂) told a ground-breaking ceremony.

THREE TOWERS

Once completed, 6,000 employees will work in two of the project*s office buildings, a 30-story tower and a 20-story tower, he said, adding that the city*s Nangang mass rapid transit (MRT) line will have a station next to the building. The remaining 14-story building will be leased and there will be a business hotel from the fifth floor to the top, while a shopping mall will cover the first four floors, the bank*s press statement said yesterday.

&GREEN SPACE*

To make the lives of the district*s residents better, the bank will also provide financial support for a 3,641-ping park nearby as well as opening the corporate headquarters* own ※green space§ to the public, Koo said.

Koo said that he hoped the new headquarters would mark a milestone for the financial service provider*s future development by enhancing its operational efficiency and by cutting electricity costs by millions of NT dollars as a solar energy system will be installed.

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