S$40m new campus for European business school

SINGAPORE: A leading European business school is building a new campus in Singapore.

ESSEC will be investing S$40 million to build a five—storey building located on Nepal Hill in One North.

The new facility will increase the school’s training capacity, with the number of faculty members going up from 11 today to about 35 in 2016—2017.

The campus has been designed to take in 1,500 students every year.

Construction will begin in February 2013 and is expected to be completed by December 2014.

The ESSEC Asia Pacific Campus, which started operations here in 2005, is currently located in the National Library building.

"We have 20 applications for one seat at the Bachelor programme and 10 applications for one seat in the Master in Management programme. So we are extremely selective," said Dr Pierre Tapie, the president and dean of ESSEC Business School in the Asia Pacific.

"We want to become better known in the Asian—region."

— CNA/ck/xq