14 Nov, 2012
Marina Bay Financial Centre (MBFC), Singapore’s largest integrated mixed-use development in the new downtown, has secured new leases at its Tower 3 office building. These new tenants, which include Denmark based LEGO Singapore Pte. Ltd., and leading New York based international legal firm Milbank, Tweed, Hadley & McCloy LLP, brings the overall commitment level to 76% at close to 960,000 sq ft.
Located in Singapore’s new downtown at Marina Bay, the 46-storey Tower 3 offers tenants approximately 1.3 million sq ft of prime Grade A office space amid world-class facilities and seamless connectivity. Its impressive column-free floor plates, which range between 29,000 and 45,000 sq ft, has attracted some of the most prestigious tenants seeking quality office spaces in the heart of Singapore’s new business district at Marina Bay.
Mr Warren Bishop, Chief Executive Officer of Raffles Quay Asset Management (RQAM), the manager for MBFC, said, “We continue to see a healthy pipeline of interest from companies and prospects for Tower 3 who want to be part of this prestigious development. With Singapore being positioned as the Asian financial gateway, we are confident that MBFC remains the choice location for multinational corporations, continuing our goal of making MBFC Asia’s Best Business AddressTM.”
The latest tenants add to the stellar line up of businesses at MBFC Tower 3. Milbank, Tweed, Hadley & McCloy LLP was one of the first Wall Street law firms to open an office in Singapore in 1985. The firm will be relocating to Tower 3 in line with its expansion plans. LEGO Singapore Pte. Ltd., a manufacturer of play materials, will also set up its Asian corporate head office at MBFC. Anchor tenant, DBS Bank, marked the official opening of its new headquarters at Tower 3 on 17 October 2012. Other tenants at Tower 3 include McGraw-Hill, WongPartnership, Regus, Clifford Chance and Ashurst LLP, as well as latest tenants signed up in August – Berge Bulk, Clyde & Co., Clifford Capital and Mead Johnson.
MBFC is now home to more han 18,000 office workers with 6,000 housed within Tower 3. When Tower 3 is fully leased, the three office buildings are expected to house approximately 20,000 employees across different sectors. Meanwhile, Marina Bay Link Mall, the retail component of MBFC, is now 100% leased. Spanning 179,000 sq ft, Marina Bay Link Mall offers a wide array of dining choices as well as lifestyle offerings and services, and reinforces MBFC’s attractive live-work-play environment in Singapore’s New Downtown. The latest occupant, Foodology, is occupying 8,000 sq ft and will offer an international market restaurant concept to meet the dining needs of the office community and residents at Marina Bay. Other dining choices in MBFC Tower 3 include Bibigo, Hokkaido Ramen, Doutor Coffee, Osvaldo Ola-Cocina del Mar, Chez Petit Salut, dr. CAFÉ COFFEE, VeganBurg, The Rotisserie and Foodfare offering local favourites.
Email: Lester.lim@rqam.com.sg
Carole Suen
Burson-Marsteller for Raffles Quay Asset Management Pte Ltd
DID: 6671 3254
Email: carole.suen@bm.com
About Marina Bay Financial Centre
Marina Bay Financial Centre (MBFC) sits on a prime 3.55 hectare waterfront site at the heart of Singapore’s new downtown. Developed over two phases, MBFC comprises three office towers with nearly three million sq ft of international Grade A office space, two residential towers with 649 luxury apartments and penthouses as well as approximately 179,000 sq ft of retail space.
MBFC Phase 1 comprising office towers 1 and 2 and Marina Bay Link Mall is jointly owned by Hongkong Land, Keppel REIT and Suntec REIT, while MBFC Office Tower 3 and the two residential towers are jointly developed and owned by Cheung Kong (Holdings), Hongkong Land and Keppel Land. MBFC achieved the Green Mark Gold Award for its office towers 1 & 2, Marina Bay Residences and Marina Bay Suites, as well as the Green Mark GoldPLUS Award for its office tower 3 conferred by the Building and Construction Authority (BCA) of Singapore. These awards recognise the developers’ commitment towards sustainable design practices. This makes MBFC one of the few developments to win more than one BCA Green Mark award. MBFC Phase 1 also 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. It was also the winner of the Participants’ Choice Award where it received the most votes from fellow delegates.
MBFC also clinched the top award in the Office category at the FIABCI Prix d’Excellence Awards 2012, which recognises the world’s outstanding real estate developments. Marina Bay Residences, the residential project in Phase 1 of MBFC, was runner-up in the Residential (High Rise) category.
For more information about Asia’s best business address, please visit the MBFC website at http://www.mbfc.com.sg
About Raffles Quay Asset Management
Raffles Quay Asset Management (RQAM) was established in 2001 to manage and market projects jointly developed by Cheung Kong (Holdings), Hongkong Land and Keppel Land – three of Asia’s most experienced property developers.
RQAM manages One Raffles Quay and Marina Bay Financial Centre (MBFC) that account for a combined 4.5 million square feet of prime Grade A office and retail space in the Central Business District of Singapore. This forms the single largest Grade A office space in Singapore.
As the 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 Marina Bay Suites, the latter being 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, the retail component of MBFC.