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The joint venture (JV) between Malaysia’s Khazanah Nasional and Singapore’s Temasek, M+S Pte Ltd, on Tuesday (21 June) announced the topping out of Marina One—its flagship development in Singapore’s Marina Bay.
The 3.67 million sq ft integrated development will comprise of Marina One East and West Towers—two prime Grade-A office towers of approximately 1.88 million sq ft, 1,042 units of luxury residences, a retail podium with 140,000 sq ft of retail space; and 65,000 sq ft of lush greenery.
According to M+S chief executive officer Kemmy Tan, the JV has secured “strong office leasing pre-commitments of over half a million sq ft,” adding that they remain to be in active negotiations with many other multinational companies who are looking at securing office spaces over multiple floors.
The signed leases, together with those under documentation, will bring Marina One’s take-up to over 550,000 sq ft, the JV said in a press release.
The development will offer some of the largest prime Grade-A office spaces in Asia—two 100,000 sq ft floorplates of contiguous office space on levels 28 and 29. It will also offer some of the largest typical office floorplates in the Marina Bay area, ranging from 34,000 to 40,000 sq ft.
Marina One is scheduled for completion in 2017.
Image: Marina One’s topping out ceremony was officiated by (left to right) CEO of GS Engineering & Construction, Forest Lim; COO Hyundai Engineering & Construction, Kim Jung Chul; M+S Chairman, Tan Sri Azman Yahya; M+S Board Member, Hiew Yoon Khong. (Source: M+S Pte Ltd)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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