Japanese cosmetics group Shiseido is planning to invest more in innovation, training, and hiring in Singapore, it announced last week as it unveiled its expanded regional headquarters in Cecil Street, Singapore.

The Tokyo listed group which has some 150 staff here from 17 nations is also planning to hire 130 more people by 2020 at the new office which is in the heart of Singapore’s Central Business District (CBD).

The new expanded 5,476 square meters (58,943 square foot) office hub also houses global headquarters for Shiseido Travel Retail and an affiliate office of Shiseido Singapore. It also has a new Asia Pacific Innovation Centre, to develop new products aimed specifically at Asian consumers, as well as a dedicated training facility for beauty business and management skills, which can train as many as 2,000 industry professionals from around the region each year.

The move is part of Shiseido’s VISION 2020 corporate transformation, as the company focuses on accelerating growth in the second phase of its medium-to-long-term strategy. This vision encompasses the 147-year-old firm’s six-year plans “to remain vital for the next 100 years.” However how much would this investment be in dollar amount is something the group has not revealed yet.