Marina Bay Financial Centre (MBFC), the largest integrated development in Singapore’s CBD was officially opened by Prime Minister Lee Hsien Loong on Wednesday.
MBFC comprises three office towers of nearly three million sq ft of prime Grade A office space. There are also two residential towers with 649 luxury apartments and 179,000 sq ft of retail space.
Towers 1 & 2 and Marina Bay Link Mall are now fully occupied, while Tower 3 has achieved an occupancy rate of 88 percent.
Commenting on the development, Moray Armstrong, Executive Director for Office Services at CBRE, said: “The office towers at MBFC are synonymous with Singapore’s emergence as a truly global financial and business hub. The development name and brand is recognised internationally and MBFC resonates with multinational occupiers. The residential units have set the benchmark for inner city living.”
Aside from the physical transformation, MBFC has also set the bar high for future office buildings in the city.
“MBFC benefits from size – with over 3 million sq ft of commercial space it is the largest office development in the city. This offers scalability for many large occupiers who might otherwise be constrained in accommodating growth. The project’s phenomenal leasing success and the strength of the tenants’ profile demonstrates this appeal,” Armstrong added.
Source – PropGuru – 16 May 2013