17 Nov, 2011
17 November 2011, SINGAPORE – Marina Bay Financial Centre (MBFC) has clinched the Gold award for the mixed-use category in the MIPIM Asia Awards 2011, which honours outstanding real estate projects in the Asia Pacific region. MBFC also won the Participants’ Choice Award, which honours the project that receives the most delegate votes.
The results were announced at a gala dinner on Wednesday, November 16, at the Hong Kong Convention and Exhibition Centre.
The 2011 awards, which saw 29 winners in 10 categories, recognised MBFC’s achievements in successfully maximising the potential of its prime waterfront locale, as well as the economic and social advantages the development brings to the community.
MBFC was among the 80 projects from 15 countries that participated in this year’s awards. The MIPIM Asia Awards jury, which selected the 2011 winners to compete for excellence, is composed of an international panel of top real estate experts and chaired by Dr Seek Ngee Huat, Board Director, Government of Singapore Investment Corporation (GIC) Real Estate, Singapore.
Mr Wilson Kwong, CEO of Raffles Quay Asset Management (RQAM), shared, “The two MIPIM Asia awards are a prestigious win not just for MBFC and our joint venture partners, but also for Singapore as it recognises the best of property developments in the region. It also reinforces MBFC’s position as a world-class integrated development that plays a key role towards Singapore’s vision of being a key financial hub.”
RQAM is the manager of MBFC, which is developed by a joint venture comprising Cheung Kong (Holdings), Hongkong Land and Keppel Land.
MBFC’s win was for Phase 1 of its development, which comprises the fully-tenanted Office Towers 1 and 2, the fully sold Marina Bay Residences and the 98%-leased Marina Bay Link Mall (Phase 1).
The judging panel highlighted how the developers had successfully maximised the potential of its prime waterfront location by presenting an integrated offering of world-class office facilities, elegant luxury apartments with breathtaking sea views and facilities, together with the latest shopping and dining options at Marina Bay Link Mall.
The benefits which MBFC brought to the community were cited as one of its winning factors as well. Its facilities, including the Lawn@MarinaBay and the Underground Pedestrian Network (UPN), offer convenience and connectivity to some 50,000 people who work, live and play in the Marina Bay area.
The Lawn@Marina Bay – which fronts MBFC Phase 1 and spans about 1.5 soccer fields – was designed and built as part of the MBFC development, and handed to the Urban Redevelopment Authority for use as a public open space. The air-conditioned UPN, in the form of the subterranean section of Marina Bay Link Mall, provides seamless connection from MBFC to the Central Business District and MRT stations. The connectivity of MBFC will be further enhanced with the opening of the Downtown MRT station on the Downtown Line in 2013, which connects directly to the Mall.
Marina Bay Link Mall continues to boast an excellent variety of dining options and wide choice of retail tenants, providing a must-visit place for meals, drinks, entertainment and shopping for all who work and live in MBFC’s office and residential towers, as well as at neighbouring developments.
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For more information, please contact:
Chan Kwai Seng
Fleishman Hillard
DID: +65 6424 6383
Email: kwaiseng.chan@fleishman.com
Marina Bay Financial Centre (MBFC) is being developed by a joint venture comprising three of Asia’s most experienced and trusted property developers – Cheung Kong (Holdings) Ltd/Hutchison Whampoa, Hongkong Land and Keppel Land, and managed by Raffles Quay Asset Management (RQAM).
MBFC sits on a prime 3.55 hectare waterfront site at the heart of Singapore’s new downtown. The tenant-centric design of this purpose-built financial centre combines the best in form and function, making it a key draw for businesses and befitting Singapore’s position as a global financial hub.
MBFC offers a breathtaking blend of three distinguished office towers with nearly 3 million sq ft of Grade A office space, two residential towers comprising 649 luxury apartments and penthouses as well as approximately 176,000 sq ft of retail space to meet the daily convenience of our business community and residents.
Phase 1 of MBFC, which comprises Office Towers 1 and 2, Marina Bay Residences and Marina Bay Link Mall (Phase 1), is owned by Hongkong Land, K-REIT Asia and Suntec REIT.
MBFC achieved the Green Mark Gold for its office towers 1 & 2, Marina Bay Residences and Marina Bay Suites and the Green Mark Gold Plus for its office tower 3 conferred by the Building and Construction Authority of Singapore. This award recognises the efforts made by the developers to encourage sustainable design practices, and makes MBFC one of the few developments to win more than one BCA Green Mark award.
For more information about Asia’s best business address, please visit the MBFC website @ http://www.mbfc.com.sg
Raffles Quay Asset Management
Raffles Quay Asset Management (RQAM) was established in 2001 to manage and market projects jointly developed by Cheung Kong (Holdings) Limited/Hutchison Whampoa, Hongkong Land and Keppel Land Limited – three of Asia’s most experienced property developers.
RQAM manages One Raffles Quay and Marina Bay Financial Centre (MBFC), two premium developments in Singapore’s new downtown at Marina Bay that account for a combined 4.3 million square feet of Grade A office space in the Central Business District of Singapore. This forms the single largest collective Grade A office space in Singapore.
As the asset manager, RQAM ensures the world-class facilities at these two developments are maintained to the highest standards, befitting the ‘Asia’s Best Business Address’ positioning for MBFC, the single largest integrated mixed use development in Singapore’s new downtown.
RQAM also oversees the ongoing development of the MBFC project, which includes MBFC Tower 3 and luxury condominium Marina Bay Suites, scheduled for completion in 2013, managing the contractor and consultants to ensure the safety, quality and timeliness of construction. RQAM also manages the retail leasing and mall management of Marina Bay Link Mall (MBLM), the retail component of MBFC.
About Cheung Kong (Holdings) Limited/ Hutchison Whampoa
Cheung Kong (Holdings) Limited is a property development and strategic investment company based in Hong Kong. It is one of the largest property developers in Hong Kong, having developed about one in seven private residences in the territory. The company also owns a large portfolio of commercial, residential and industrial premises in Hong Kong, and is a major developer of the Central District.
In Singapore, Cheung Kong’s residential property portfolio includes Cairnhill Crest, an oasis of tranquillity ensconced in prime district 9, and Costa del Sol, a prestigious east coast marine-themed development.
In terms of commercial property, the Company developed One Raffles Quay in its first joint venture with Keppel Land and Hongkong Land in Singapore.
Cheung Kong is a substantial unit holder in Fortune REIT – which holds 11 retail malls in Hong Kong and was listed on The Singapore Exchange in August 2003 – with a 26.92% stake.
About Hongkong Land
Hongkong Land is one of Asia’s leading property investment, management and development groups. Founded in Hong Kong in 1889, Hongkong Land’s business is built on partnership, integrity and excellence.
In Hong Kong, the Group owns and manages some 450,000 sq. m. (five million sq. ft) of prime commercial space that defines the heart of the Central Business District. In Singapore, it is helping to create the city-state’s new Central Business District with the expansion of its joint venture portfolio of new developments. Hongkong Land’s properties in these and other Asian centres are recognised as market leaders and house the world’s foremost financial, business and luxury retail names.
Hongkong Land also develops premium residential properties in a number of cities in theregion, principally in China and Singapore where its subsidiary, MCL Land, is a significant developer.
Hongkong Land Holdings Limited is incorporated in Bermuda. It has a premium listing on the London Stock Exchange, and secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.
About Keppel Land Limited
Keppel Land Limited is the property arm of the Keppel Group, one of Singapore’s largest multi-national groups with key businesses in offshore and marine, infrastructure, and property.
The Company is geographically diversified in Asia, with current focus on Singapore, China, Vietnam, Indonesia and India. It has a strategic focus on two core businesses of property development and property fund management.
Keppel Land is one of two Singapore companies to be selected as an index component in the Dow Jones Sustainability Asia Pacific Index in 2010.
Keppel Land has been admitted into the FTSE ST China Top Index which is a broad China-play index including Chinese companies that are members of the FTSE ST All-Share Index.
It has also been included in The Sustainability Yearbook 2011, which features the top 15% of companies worldwide in sustainability leadership.
Keppel Land is also Asia’s premier home developer with world-class iconic waterfront homes at Keppel Bay and Marina Bay.
With a pipeline of over 75,000 homes across Asia and the Middle East, Keppel Land is poised to tap on the demand for quality housing driven by home ownership aspirations.
An established property fund manager, Keppel Land has two property fund management vehicles, K-REIT Asia, a pan-Asian commercial real estate investment trust, and Alpha Investment Partners (Alpha).
As at 30 June 2011, K-REIT Asia and Alpha’s total assets under management is $11.3 billion, when fully leveraged and invested.
Moving into the future, Keppel Land remains focused on becoming the premier developer of choice in Singapore and the region and delivering sustainable earnings to shareholders.