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New mall at Marina Bay by end of 2010

Posted on 28 Oct 2009 | Comments Off

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.

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Underground Marina Bay Link Mall map

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 →

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Posted in Office / Retail / Industrial

Tagged Marina Bay, Marina Bay Financial Centre, Marina Bay Link Mall, Office Space, Retail Space, Singapore Office, Singapore Retail

Business at Marina Bay Financial Centre due to start in Q4 next year

Posted on 27 Oct 2009 | Comments Off

The S$4-billion Marina Bay Financial Centre mega project is on target despite the global downturn. In a year, phase one of the Marina Bay Link Mall under the Centre will be up and running, with tenants moving into the offices above.

Raffles Quay Asset Management (RQAM), who has revealed plans to make the 176,000-square-foot mall a place to “Shop, Dine and Play”, said the response rate has been positive.

“So far, the take up rate has been very good,” said Wilson Kwong, chief executive officer of RQAM. “We are one year away from completion and we are honoured to have 45 per cent pre-commitments for phase one alone, not to mention that the office segments we have also received very good take up rates.”

Since no development can be complete without two favourites amongst Singaporeans – food and shopping – 40 per cent of the mall will be occupied by food and beverage shops, while the remaining will be retail outlets.

The first phase of the mall is scheduled to receive its temporary occupation permit by the second quarter of next year, while the second phase will be ready by the middle of 2012. Continue reading →