SINGAPORE (May 21): The two grey towers of The Metropolis, situated right outside the Buona Vista MRT station, stand at 21 and 23 storeys each. The towers have more than one million sq ft of net lettable area and an eye-catching, state-of-the-art environment. Surrounded by trees and with artwork by world-renowned artists decorating the public area of the complex, it offers a pleasant transition from the MRT to the office towers.
The building has world-class facilities and lives up to its reputation of being the only Grade-A office building in the one-north precinct in Buona Vista. It is an integrated development comprising not only office towers but also a plethora of retail and F&B outlets such as Starbucks, Simply Sandwich and Mr Bean.
The Metropolis is home to tenants such as the Singapore Exchange, and MNCs Procter & Gamble, General Electric and Heineken Asia Pacific. It is also where Ho Bee Land’s headquarters are located. More importantly for the company, The Metropolis’ rental income contributed to some 50% of the developer’s revenue last year. According to Ho Bee’s 2017 annual report, rental income for FY2017 was $90.3 million, contributing about 55% to group revenue for the year. Of this, 91% or $82.71 million was from The Metropolis. The balance was mainly from industrial buildings and residential projects in Sentosa Cove.