OUE project close to 60% occupancy

Overseas Union Enterprise (OUE) on Friday said its upcoming commercial project at 50 Collyer Quay has to date achieved close to 60 per cent occupancy.

Some of its key tenants include Merrill Lynch International Bank, Allen & Overy LLP and Citrix Systems Singapore.

The developer also said that it has decided to name the premium Grade A office tower located in the Marina Bay area as “OUE Bayfront”. Its scheduled for completion in the first quarter of 2011.

Chris Archibold, head of Markets at Jones Lang LaSalle, which is the sole leasing agent for OUE Bayfront, said he has seen a lot of occupier interest.

Mr Archibold said the interest could be due to the quality of the development, the large 30,000 square-foot floor plates and the unblocked Marina Bay views.

OUE added that the project’s name, OUE Bayfront, reflects the development’s unique location along the shoreline of Marina Bay.

Source : Channel NewsAsia – 3 Dec 2010

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