10 Mar, 2009
EMBARGOED UNTIL 9AM , 10 MARCH 2009 (CANNES TIME)
MBFC’s ‘live-work-play’ environment offers vibrancy, diversity and security
Singapore, 10 March 2009 – Marina Bay Financial Centre (MBFC), Singapore’s largest mixed-use development when completed in 2012, will showcase its ‘live-workplay’ lifestyle environment at the Marche International des Professionals de L’Immobilier” (MIPIM) in Cannes, France from 10 to 13 March 2009.
Located at Singapore’s Marina Bay, MBFC is a world-class mixed-use development that will set new standards in tenant/resident-centric design, transport connectivity and quality of facilities to enable a 24/7 ‘live, work and play’ lifestyle environment.
Singapore is embarking on an ambitious plan to turn Marina Bay into one of the world’s future capitals of finance, to support and sustain Singapore’s future financial and economic growth. Last year, the Singapore government announced plans to eventually double the size of the city’s existing financial district with the development of an 85 hectare site at Marina Bay over the next 10 to 15 years.
Said Raffles Quay Asset Manager (RQAM) General Manager Wilson Kwong, “As one of the first developments to recognise and invest in the potential of Marina Bay, MBFC plays a vital role in helping to transform the vision of Marina Bay into reality. In MBFC, we have a development that is more than just a building complex. It is an entire ecosystem for some 50,000 professionals who can conduct their daily lives here – whether in the office, at home or at any one of our entertainment and leisure outlets.
“MIPIM Cannes offers us an excellent opportunity to showcase MBFC to global companies looking for a fitting Asian headquarters. MBFC will house some of the best names in the banking and finance industry and we would like to add to this tenant mix well-known names from legal, architectural and accountancy practices, consultancies and M&A advisory firms,” Mr Kwong added.
Singapore’s strategic geographical location, quality of life, and stable political and economic environment in particular make it an attractive investment location. The country was ranked the number two city worldwide (after Switzerland) as the city with the best investment potential for 14 consecutive years in the latest BERI Report (2008). It is also judged the world’s easiest place to do business by the World Bank (Doing Business 2009 Report).
Said Mr Kwong, “We stand by our belief that MBFC is “Asia’s Best Business Address.” Our office towers are designed with businesses in mind. Features include symmetrical and column-free floor plates that are amongst the largest in the region, dual power and telecommunications systems and a 24-hour advanced security system. Tenants will also enjoy easy walking access to nearby Raffles Place, the underground mass rapid transit train stations and a range of recreational facilities at Marina Bay.”
MBFC’s three office towers offer nearly 3 million square feet of prime Grade A office space, with 649 luxury apartments and penthouses at the development’s two residential towers and retail space of approximately 176,000 square feet located directly below a stunning 130,000 square feet waterfront park, and within the office tower lobbies. The commercial towers are already 61% pre-leased four years ahead of completion to a list of prestigious tenants including Standard Chartered Bank and Development Bank of Singapore, Barclays, American Express, Wellington International Management Company including two of Australia’s most respected global companies, BHP Billiton and The Macquarie Group.
The two residential developments, Marina Bay Residences and Marina Bay Suites with a combined 649 luxury apartments and penthouses, will redefine the meaning of luxurious living in the city, with stunning bay-wide views and a superb selection of business and leisure activities. Residents and tenants of MBFC will also be spoilt for choice with the multitude of retail outlets within MBFC offering quality dining, indulgent lifestyle services and convenient daily necessities.
MBFC brings together more than 200 years of collective experience in the design, construction and management of commercial buildings in this region by Cheung Kong (Holdings)/Hutchison Whampoa, Hongkong Land and Keppel Land, whose most recent collaboration was One Raffles Quay (ORQ), which was 100% leased upon completion by some of the world’s leading investment banks and professional services firms. Raffles Quay Asset Management is the property manager of both MBFC and ORQ.
RQAM will be showcasing the MBFC development at the Singapore Pavilion at Booth No. 38 Azur
For more information, please contact:
Ms Lim Yin-Fern
Baldwin Boyle Shand Limited
DID: (65) 6833 4120 HP: (65) 9646 8033
Ms Rose Tong
Raffles Quay Asset Management Pte Ltd
DID: (65) 6411 5792 HP: (65) 9368 7878
About Marina Bay Financial Centre
Marina Bay Financial Centre (MBFC) is being developed by a joint venture by three of Asia’s most experienced and trusted property developers – Cheung Kong (Holdings)/Hutchison Whampoa, Hongkong Land and Keppel Land. Occupying centre-stage of Singapore’s spectacular new downtown at Marina Bay, MBFC is a purpose built financial centre designed to ensure Singapore’s place as a key financial hub of South-East Asia. MBFC sits on a prime waterfront 3.55 hectare site offering a breathtaking blend of three distinguished office towers with nearly 3 million square feet of Grade A office space, two residential towers comprising 649 luxury apartments and penthouse as well as approximately 176,000 square feet of retail space to meet the daily convenience of our business community and residents.
About Raffles Quay Asset Management Pte Ltd
Incorporated in 2001, Raffles Quay Asset Management Pte Ltd (RQAM) is a Singapore-based company which manages One Raffles Quay (ORQ) and Marina Bay Financial Centre (MBFC), both of which are premium developments in Singapore’s new downtown at Marina Bay.
About Cheung Kong (Holdings)/Hutchison Whampoa Limited
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 twelve 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 tranquility 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 eleven 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, the Group has business interests across the region. Hongkong Land’s business is built on partnership, integrity and excellence.
In Hong Kong, the Group owns and manages some 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 the region, not least in Singapore where its 77%-owned listed affiliate, MCL Land, is a significant developer.
Hongkong Land Holdings Limited is incorporated in Bermuda. Its primary listing is in London, and its shares are also listed 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. The Company is one of the largest property companies by total assets on the Singapore Exchange.
One of Asia’s premier property companies, Keppel Land is recognised for its sterling portfolio of quality award-winning residential developments and investment-grade commercial properties, and high standards of corporate governance and transparency. Keppel Land is geographically diversified in Asia and has a strategic focus on two core businesses of property development and property fund management.
A leading prime office developer in Singapore, Keppel Land contributes to defining and refining the city’s skyline with landmark developments such as Ocean Financial Centre, One Raffles Quay and Marina Bay Financial Centre.
The Company is also Asia’s premier home developer with world-class iconic waterfront residences such as Reflections at Keppel Bay, Marina Bay Residences and Marina Bay Suites in Singapore.
Keppel Land has also garnered several FIABCI awards for its developments including Prudential Tower (Office Category – 2004) and Caribbean at Keppel Bay (Residential category – 2006).