MBFC gets 66% pre-commitment for Tower 3 space

Marina Bay Financial Centre (MBFC) has received pre-commitment for over 66 per cent of space in Tower 3, a year ahead of its completion.

Raffles Quay Asset Management, the asset manager of MBFC, said on Thursday the commitments have risen 11 per cent from 6 months ago.

The new lease agreements were inked with McGraw-Hill, as well as law firms Ashurst LLP and WongPartnership.

DBS had previously signed up for 700,000 square feet of office space as the anchor tenant of Tower 3.

Tower 1 is fully leased to international banking and financial institutions, with Standard Chartered as the anchor tenant, occupying 500,000 square feet of office space.

Tower 2 is leased to other multinational institutions, including American Express, BHP Billiton, Barclays Capital and Macquarie Group.

Tower 3, part of the second phase of the development, is a 46-storey building offering 1.3 million square feet of office space.

Towers 1 and 2, part of the first phase of the project, were fully leased ahead of completion. MBFC phase one was opened earlier this year.

Source : Channel NewsAsia – 30 Dec 2010

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