Asia Square completed in Singapore

The final phase of Singapore’s new landmark integrated development, Asia Square, has been completed some six years since the land for the project was purchased from the Singapore government.

Designed from the outset as a mixed-use development, Asia Square comprises two million sq ft of prime Grade-A office space, a 305-room 5 star hotel and 60,000 sq ft (5574 sqm) of F&B and retail space. The project also features innovative design technology and building features, all of which have helped it attract top global firms looking to manage their regional operations from Singapore.

Asia Square

“Occupiers expect a lot more out of their workplace environment. They want to work on large floor plates with high ceilings. They expect a vast array of amenities, they expect world-class health and fitness facilities, and they expect their employees to work in an eco-friendly and collaborative environment,” said project director, Mark Rada. “Asia Square has always strived to exceed these expectations and this has finally come to fruition with the completion of Tower 2.”

A key feature of the newly opened Tower 2 is the inclusion of a luxury business hotel, The Westin Singapore. Opened on the 12th of November, the hotel is already seeing demand from the business community, with occupancy rates exceeding expectations for the initial opening period.

Another key element that sets it apart from other commercial buildings in the CBD is the award-winning Food Garden.
“Our idea for the Food Garden was to have restaurant quality food but within a food court environment,” explained Rada. “We also wanted everyone to feel comfortable eating there from junior staff to CEOs. The impressive array of F&B offerings includes the likes of Astons, Imperial Treasure, Guzman Y Gomez, Ippudo Ramen Express, Soup Stock Tokyo, Wheat Baumkuchen, Fresh +, Marché, La Cantine, The Exchange, Killiney, Toast Box, Tao’s Seafood Asia, Tatsu Sushi, Starbucks, Subway, Artisan Boulangerie Company, and Extra Virgin Pizza, amongst many more. In fact, there are a total of 25 retail food kiosks and 12 restaurants within Asia Square.”

The development also offers prime Grade-A office space in its two towers, which has attracted a number of top international tenants. Tower 1 is now 90 percent leased to the likes of Citi, Google, Lloyds of London, Julius Baer, Marsh & McLennan, BG Group, Royal Bank of Canada, I.H.S, Bank Sarasin, KKR and Fidelity. To date, Tower 2 is 46 percent committed, with a good mix of quality companies such as Allianz, Swiss Re, National Australia Bank and Bank Mandiri.

“We are very pleased with every aspect of Asia Square and feel encouraged with the platform for business that has been created by the Singapore Government. Their vision for Marina Bay is truly world-class and we are thankful to be a part of it,” Rada added.

Source: 19th November 2013 Property Report

PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

Asia Square completed in Singapore

Comments

Leave your comment