Home THE DAILY EDGE Business Marina Bay Financial Centre Tower Two fully leased ahead of completion
Marina Bay Financial Centre Tower Two fully leased ahead of completion

Tags: Hongkong Land | Hongkong Land Holdings | Keppel Land

Written by The Edge   
Wednesday, 07 April 2010 16:55
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Marina Bay Financial Centre (MBFC) Tower Two is now fully leased with Barclays Capital leasing extra floors and Prudential Asset Management (Singapore) signing up as a tenant, says Keppel Land, one of its joint developers.

Keppel Land says Barclays Capital, the investment banking division of Barclays Bank PLC, is leasing an additional 10 floors at Tower Two, bringing the total amount of space leased to 350,000 sq ft.

Barclays Capital had earlier committed to lease 100,000 sq ft of space at MBFC’s Tower Two in April 2008. The company has also chosen to expand their leasing commitment, and will now occupy 14 floors of the 50-storey Tower Two for a 10-year lease. Barclays Capital will start its occupancy in 1Q 2011.

The developer also says Prudential Asset Management (Singapore) has signed on to lease 37,000 sq ft of space in Tower Two, and will occupy one and a half floors in the mid-rise zone of the tower. Prudential has signed a nine-year lease and will take occupancy of the space in 2011.

MBFC is being developed by a joint venture comprising three property developers — Cheung Kong (Holdings) Ltd/Hutchison Whampoa, Hongkong Land and Keppel Land — and managed by Raffles Quay Asset Management (RQAM).

The list of pre-committed tenants at MBFC Tower Two comprises global names such as BHP Billiton, Macquarie and Nomura.

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Last Updated on Wednesday, 07 April 2010 16:56