Tag Archives: Marina Bay Financial Centre

Phase 1 of Marina Bay project 72% leased

PHASE 1 of the new Marina Bay Financial Centre (MBFC) mega office development is now 72 per cent leased, thanks to mining company BHP Billiton taking a further four floors.

The company has taken the additional floor space at Tower Two which, together with Tower One, comprises the first phase of the ambitious project intended as a seamless extension of the Central Business District.

BHP committed to 142,000 sq ft at Tower Two a year ago and is now slated to have a total leased floor area for 10 years from 2011 of 231,000 sq ft on levels 40 to 50 of Tower Two.

Phase 2 of MBFC will be complete when Tower Three has been opened. But already, about 64 per cent of total office space in Phases 1 and 2 has been leased.

The three office towers have almost three million sq ft of grade A office space. MBFC will also have two residential towers of 649 luxury apartments, and 176,000 sq ft of retail space.

Mr Wilson Kwong, chief executive of Raffles Quay Asset Management, which manages the centre, said BHP’s decision to take up additional space is testament to the MBFC’s vision of being Asia’s best business address. Continue reading

New mall at Marina Bay by end of 2010

Financial centre mall to feature upmarket stores and link MRT station to neighbouring buildings

An artist’s impression of the new mall, which will link Downtown MRT station to buildings such as The Sail and Marina Bay Sands. The Marina Bay Link Mall will have 217,000 sq ft of gross floor area and feature upmarket tenants. — PHOTO: RAFFLES QUAY ASSET MANAGEMENT

FIFTY-FIVE per cent of the 176,000 sq ft of retail space at the upcoming Marina Bay Financial Centre (MBFC) has been taken up.

Phase one of Marina Bay Link Mall, which covers 93,800 sq ft, is expected to obtain its temporary occupation permit (TOP) in the second quarter of next year. And business is likely to start in Q4 next year.

According to manager Raffles Quay Asset Management (RQAM), which also manages One Raffles Quay, 40 per cent of the stores at Marina Bay Link Mall will be food and beverage (F&B) outlets. The rest will be retails.

F&B outlets will include Paradise Inn – a casual dining concept by The Paradise Group – and the Indian restaurant chain Mirchi, by the company behind Harry’s Bar. Continue reading