Introducing Lendlease's $29mn digital construction centre
At a value of S$40mn, this will be one of the largest projects of its kind in the area, and has been designed in order to boost Singapore’s property and construction sectors, giving them both a technology-focused amplification.
The centre is scheduled to open next month, and will employ 50 people during year 1. This figure is set to rise in future as expansion plans are already in the pipeline. Funding for the project was also given partially by the state’s Economic Development Board (EDB).
Lendlease has commented saying it is aiming to create a “scalable supply chain and integrated logistics software platform for property development and construction projects”.
The company’s Chief Executive in Asia, Tony Lombardo, said: “We are very excited to have the support of EDB to propel the built environment sector’s transition to the digital economy and position Singapore as a global innovation hub that leads the market in automating the creation of tomorrow’s smart buildings”.
Once the centre has opened, it will design and produce numerous digital and connected products and services which will be designed for Lendlease Podium, a new property lifecycle platform which the company has developed.
“The Product Development Centre by Lendlease will add exciting digital capability to the built environment ecosystem”, said Dawn Lim, Vice President of the Economic Development Board.
Lendlease has suggested that the new digital centre will propel the acquisition of a Design for Manufacturing and Assembly (DfMA) mindset, “shifting from labour-intensive to skilled-based ways of working”.
Founded in Sydney, Australia almost 70 years ago, the real estate/property and investment group was born “out of a vision to create a company that could successfully combine the disciplines of construction, development and investment”.
Throughout the years, the company has expanded operations to other nations such as the United Kingdom, the United States and Singapore. The company’s current CEO is Steve McCann and currently has circa 12,000 employees working in various nations around the world.
Robotics startup Canvas secures $24 million funding
The financing included strategic investment by Suffolk Construction with participation from Alumni Ventures Group and existing investors Innovation Endeavors, Brick & Mortar Ventures, Obvious Ventures, and Grit Labs.
Canvas plans to use the funds to accelerate its ability to transform construction work by bringing robotics into the built environment, starting with drywall finishing.
Advancements in robotics technology have been stymied in construction due to the complexity of the ever-changing job site environment - but Canvas claims technology it has invented now makes it possible to bring it to the industry.
By enabling skilled trade workers with a new class of tool, Canvas helps customers deliver control over schedules and safer working conditions.
"Since our launch last fall, we've seen incredible demand for the Canvas system and our unique ability to set the bar on quality, safety, and predictability," said Kevin Albert, CEO and Co-founder of Canvas.
Canvas has started by focusing on drywall finishing, one of the most labor-intensive, unpredictable, and congested parts of the construction process. The company's approach combines the skills and expertise of trained union workers with robotics technology.
"At Suffolk, we pride ourselves on redefining what is possible by innovating, investing, and building – we therefore share an aligned worldview with Canvas," said Jit Kee Chin, Chief Data and Innovation Officer and Executive Vice President at Suffolk.
Wan Li Zhu, Managing Director of Suffolk Technologies, said: "We are excited to partner with Canvas in creating a safer and more productive construction process where people and machines work together seamlessly and collaboratively to deliver at the highest quality levels."