PRESS RELEASE
For Immediate Release
10 June 2024
Singapore, 10 July 2024—The Reserve, a wealth protection facility in Singapore developed by precious metals provider Silver Bullion, has been named a finalist in the prestigious World Architecture Festival (WAF) 2024.
The WAF is the world’s largest live-judged architecture awards event, and its recognition places The Reserve among leading architectural projects worldwide. Shortlisted in the “Future Project: Commercial Mixed Use” category, The Reserve is one of 15 finalists and the only one from Singapore. The Reserve will now compete live at WAF from November 6-8, 2024.
Designed by MonoLab Studio, The Reserve is a state-of-the-art facility offering secure storage for alternative assets such as precious metals, art, and luxury timepieces. It boasts one of the world's largest vault capacities with 15 UL-rated Class II gold vaults, 12,500 safe deposit boxes, and space for up to 15,500 metric tons of assets.
When officially launched in Q4? 2024, The Reserve will be a one-stop alternative asset center, having highly secured vaults, auction and luxury event spaces, and wealth management offices under one roof.
The Reserve already stores over $1 billion worth of assets for its clients and through its tenants, The Safe House and The Xcess.
Gregor Gregersen, Founder of Silver Bullion, said, “We are delighted that The Reserve has been selected as a finalist at the World Architecture Festival. It was our vision to develop The Reserve to be a premier international alternative asset center and also an iconic example of sustainable development in Singapore.”
Wesley Liew, Co-founder of MonoLab Studio, added, “The Reserve is a glistening modern monolith that alludes to the robustness of precious commodities and the transparency inherent in the distributed financial technologies of the future. Conceived as a series of dualities to intrigue; the onyx stone fortress exudes luminescent luxury inside and out through a deft use of light.”
The Reserve's choice to repurpose an existing logistics facility instead of building anew was a significant step towards sustainability and avoiding emissions associated with new construction.
Solar panels on the rooftop, along with batteries, generate electricity for operational needs and illuminate the facade, reducing dependence on Singapore's natural gas-powered grid. This use of renewable energy enhances the facility's environmental credentials and energy independence.
Further, the facility's robust onyx facade acts as a secondary insulating layer, providing sunshade, reducing cooling demands, and mitigating noise. The design incorporates glass infused with stone, creating a golden hue when sunlight filters through. At night, energy-efficient LED lights emit a gentle golden glow, using only a fraction of the solar energy generated.
These upgrades ensure that The Reserve meets and surpasses Singapore's regulatory and sustainability standards, aiming for Green Mark certification while standing as an example of architectural innovation and environmental stewardship.
-Ends-
About Silver Bullion
Founded in 2009, Silver Bullion is one of Singapore's largest precious metal dealers. It specializes in wealth protection and offers services, including buying and selling of bullion at its bullion retail shop, and precious metals storage, collateralization, and non-destructive testing at its ISO-9001-certified vault, The Safe House, located within its own building, The Reserve. With over 15,500 metric tons of storage capacity for physical assets like precious metals, luxury watches, art, gemstones, and other luxury items, The Reserve is one of the highest-capacity vaults in the world. Silver Bullion is a member of the London Bullion Market Association (LBMA), the Singapore Bullion Market Association (SBMA), and The Silver Institute. It is also a partner of the World Platinum Investment Council (WPIC).
For any media requests, please contact:
Silver Bullion Pte Ltd
Vincent Le, Corporate Communications
T: +65 6100 3040
media@silverbullion.com.sg