8M Real Estate Creates 8M Collective to Operate Boutique Accommodation Concepts in Singapore
Founded in 2014 by experienced property entrepreneur, Ashish Manchharam, 8M Real Estate has built a firm reputation for injecting new life into gentrifying locations through niche investments, repositioning and management of Singapore's heritage buildings. And now, one of Singapore's leading property investment companies has announced its new hotel management and operations arm, with the launch of 8M Collective.
With 42 conservation properties worth a total of over S$500Million, 8M Real Estate has reinvigorated the characters of Gemmill Lane, Amoy Street, Hong Kong Street and Tanjong Pagar Road, amongst others. Curating each into unique F&B destinations, 8M Real Estate has assembled notable independent tenants such as Employees Only, Luke's Oyster Bar & Chophouse, Ding Dong, Birds of a Feather, boCHINche and Nineteen80 in these vibrant up and coming areas.
A natural progression of the company's unrivalled track record in boutique F&B tenant curation, 8M Real Estate has now turned its focus towards not only acquiring and owning properties within the hospitality sector but overseeing their management too.
The portfolio of properties will have a comfortable, city living experience, united by strong design aesthetics and stylish accommodation with the best food, drink and retail under one roof. Paired with the company's intimate knowledge of the market, the first properties under the 8M Collective were both immediate success stories. BASE Residences launched on Hong Kong Street in June 2017; a smart medium-long term stay model in the heart of the CBD, BASE Residences are ready-made homes that present a bold, urban lifestyle statement for the modern guest.
Applying the same 8M Collective philosophy of tailoring a bespoke accommodation solution that is reliable, offers great service and high-quality home comforts, Ann Siang House then opened less than a year later on Ann Siang Road. Carving a niche in Singapore's accommodation space, Ann Siang House is an integrated accommodation, dining, and entertainment concept with an operations team handpicked and trained by 8M Collective. The fashionable 20-room boutique property has become a go-to destination in Singapore for culture-hungry business and leisure guests.
Ashish Manchharam says on the launch of 8M Collective: ‘‘We're excited about adding a new dynamic to 8M Real Estate with the launch of our hospitality arm, 8M Collective. We have an eye for sourcing properties with authenticity and soul and look forward to injecting these brand values into the customer experience too. We see huge opportunity in the accommodation market here in Singapore and with our expertise, it makes sense for us to source the best teams, management and most effective model for each individual property, in order to strengthen our plan to make a positive impact on the local areas we invest in.''
8M Collective will continue to pioneer distinguished concepts that challenge the traditional accommodation model. With more aggressive expansion plans in the pipeline, the first of the new concepts will launch on Keong Saik Road in January 2019. A row of ten shophouses has been transformed with 8M Collective's signature infusion of creativity, into a mixed use lifestyle development, which already celebrated the opening of its first F&B tenant, The Guild restaurant and bar, in May. Most recently, 8M Real Estate marked its first expansion outside of Singapore's CBD with the acquisition of Wanderlust on Dickson Road, Little India - a four-storey boutique hotel which will also be repositioned and operated by 8M Collective. Each property will welcome professional, spirited guests for a unique experience to stay, work, explore and relax.
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