Hongkong Land, Cheung Kong (Holdings) and Keppel Land jointly celebrated Tower One’s topping out at Marina Bay Financial Centre (MBCF) on Wednesday. Mah Bow Tan, the National Development Minister, was the guest of honour during the event.
Tower One has accomplished a 100% pre-commitment rate during its launch in 2007. One of its tenants is Standard Chartered Bank, taking up about 500,000 square feet of the office space. The temporary occupation permit of this 33-storey building will be acquired next year.
Tower Two and Tower Three have pre-commitment rates at about 45% and 55% respectively. These figures mean that there is a 61% of pre-commitment rate for the MBFC’s first two phases.
All in all, the office towers will have over three million square feet of office space at Grade A. MBFC is also composed of two residential towers and retail space.
In these past few months, there has been increasing enquiries for space leasing at MBFC, said general manager Wilson Kwong of Raffles Quay Asset Management.
So far, over $27.5 billion of investments have been attracted by Marina Bay. The investments came from both public and private sectors.