26 Mar, 2012
Marina Bay Financial Centre (MBFC) is now Singapore’s largest integrated mixed-use development in the new downtown with three million sq ft of prime Grade A office space across its three office towers. Crossing a significant milestone, its Office Tower 3 – the final office tower to be completed – has attained Temporary Occupation Permit (TOP).
When combined with the adjacent One Raffles Quay, which is also managed by Raffles Quay Asset Management (RQAM), the total Grade A office space increases to 4.5 million sq ft, forming the largest collective prime Grade A office and retail space in Singapore.
The combined office space at MBFC and ORQ forms a significant part of the supply of top-tier Central Business District (CBD) office space, fulfilling the vision of Singapore’s city planners who had earmarked the new downtown as a seamless extension of the CBD to accommodate higher growth.
Mr Wilson Kwong, Chief Executive Officer of RQAM, said, “Achieving TOP for Tower 3 is as much a key milestone for Singapore as it is for MBFC. The combination of MBFC and ORQ forms the city-state’s largest prime Grade A office space, with no comparable development in the pipeline. We are ready to cater to both local and international companies expanding here with our purpose-built business facilities managed to world-class standards to support Singapore’s vision of being a global financial and business hub.”
As part of Phase 2 of MBFC, the 46-storey Tower 3 offers about 1.3 million sq ft of prime Grade A office space of which over 800,000 sq ft has been pre-committed. Tenants that have signed leases at MBFC Tower 3 include Ashurst LLP, Clifford Chance, DBS, Fitness First, McGraw-Hill, the Regus Group, Rio Tinto and WongPartnership.
The first three floors of MBFC Tower 3 also houses Phase 2 of Marina Bay Link Mall, which will offer new dining options including a Food Loft by NTUC Foodfare.
RQAM manages MBFC and ORQ, which together host a stellar line-up of companies including American Express, Barclays Capital, BHP Billiton, Macquarie Group, Nomura and Standard Chartered Bank at MBFC as well as Credit Suisse, Deutsche Bank AG, Ernst & Young, UBS and Thomson Reuters at ORQ.
Occupying a prime waterfront location in the heart of the Marina Bay precinct, MBFC is an exciting lifestyle hub with a seamless integration of residential, business and retail facilities. The retail component, the Marina Bay Link Mall, adds to the round-the-clock buzz from surrounding attractions at Marina Bay.
For more information, please contact:
Director of Marketing Communications, Raffles Quay Asset Management
DID: 6654 1376
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. 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.
Developed over two phases, MBFC offers a breathtaking blend of three distinguished office towers with nearly 3 million sq ft of prime 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 the business community and residents.
MBFC Phase 1 comprising office towers 1 & 2 and Marina Bay Link Mall is jointly owned by Hongkong Land, K-REIT Asia 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 for its office towers 1 & 2, Marina Bay Residences and Marina Bay Suites, as well as the Green Mark Gold Plus for its office tower 3 conferred by the Building and Construction Authority (BCA) of Singapore. These awards recognise the efforts made by the developers to encourage sustainable design practices. This makes MBFC one of the few developments to win more than one BCA Green Mark award.
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, 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 approximately 4.5 million square feet of prime Grade A office and retail space in the Central Business District of Singapore. This forms the largest collective prime 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 largest integrated mixed use development in Singapore‟s new downtown.
RQAM also oversees the ongoing development of the MBFC project, which includes the recently completed 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.
For more information about Asia’s best business address, please visit the MBFC website @ http://www.mbfc.com.sg