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Keppel Reit’s Ocean Financial Centre is now fully occupied, according to the trust’s manager.
This means that all of its five Singapore properties are now 100 percent occupied, which is higher than the average CBD occupancy in Singapore of 93.5 percent in Q3 2013.
“We have steadily signed on tenants to achieve full occupancy, from approximately 80 percent when we acquired Ocean Financial Centre in December 2011. This attests to Ocean Financial Centre as one of Singapore’s premium office properties with an enviable location at the heart of the Raffles Place and Marina Bay precincts,” said Ng Hsueh Ling, CEO of Keppel Reit Management.
Ocean Financial Centre’s latest tenants include those from the legal service, human resources and energy sectors – namely Olswang Asia LLP, BGC Group and Linc Energy.
They add to the building’s impressive line-up of multinational companies such as BNP Paribas, Australia and New Zealand Banking Group (ANZ), Gazprom and Drew & Napier.
With a net lettable area of around 885,000 sq ft, the 43-storey Ocean Financial Centre features a seven-storey carpark as well as a retail annexe completed in November. About 8,600 sq ft of retail space is leased out to F&B outlets such as Starbucks, Paul café and Cedele.
An underground pedestrian network that connects Ocean Financial Centre to Raffles Place MRT interchange station has also been completed.
It also links Ocean Financial Centre to all of Keppel Reit’s properties in Raffles Place and Marina Bay including One Raffles Quay, Marina Bay Financial Centre Towers 1 & 2 and Marina Bay Link Mall.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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