Boustead unit to build Razer's SEA headquarters in Singapore

Singapore

GAMING company Razer will build its South-east Asia headquarters in Singapore, with Boustead Projects' joint-venture (JV) firm to develop it, Boustead Projects said on Friday.

No project costs were specified in the press release. The headquarters will be housed in a business park in the one-north precinct, with Razer expected to move into the new facility in 2020. The Razer headquarters will take up about 19,300 square metres in gross floor area.

The development will be carried out via Boustead's JV firm Snakepit-BP. Boustead Projects, which mainly develops industrial real estate, is one of the two controlling partners in the JV.

Razer CEO Tan Min-Liang said in a separate press statement that the move "represents our support for the Singapore government in its efforts of developing the top location for technological innovation and attracting a strong technology talent pool".

Razer, which is listed in Hong Kong, posted a 39 per cent increase in revenues in the first half of 2018 from a year ago.

The building will be lit at night with strips of LED lighting in "signature Razer green", simulating a CPU in operation, Boustead Projects said. The project brings Boustead Projects' orderbook backlog to about S$548 million.

Shares of Boustead Projects closed on Friday at S$0.825, up S$0.015.