Bank Julius Baer signs 8-year lease with MGPA’s Asia Square

Bank Julius Baer said it has signed an eight-year lease with MGPA for a total of 71,000 square feet of office space in Asia Square’s Tower 1.

This makes the bank one of the key office tenants of the 43-storey commercial tower.

Early last month, the leading Swiss private banking group also announced that it is growing Asia into its second home market.

It said it planned to set up a Trust Company in Singapore next year, upon application and regulatory approval.

Since its launch in the market six months ago, Asia Square has garnered interest from the banking, legal and professional services sectors.

With more than 50 per cent of its space already under negotiations or let, Asia Square Tower 1 is slated for completion in June next year.

Meanwhile Tower 2 is targeted to be completed in 2013.

Source : Channel NewsAsia – 27 Oct 2010

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