All of Keppel REIT’s Singapore properties are now 100% occupied
Keppel REIT Management Limited (Keppel REIT Management), as Manager
of Keppel REIT, is pleased to announce that both the office and newly
completed retail space at Ocean Financial Centre are fully committed.
With this, all of Keppel REIT's five Singapore properties are now
100% occupied, up from its Singapore portfolio average occupancy of
99.5% as at end-September 2013. This is also higher than the average
Singapore CBD occupancy of 93.5%1 for the third quarter of 2013.
Ms Ng Hsueh Ling, CEO of Keppel REIT Management, said, "We have
steadily signed on tenants to achieve full occupancy, from approximately
80% when we acquired Ocean Financial Centre in December 2011. This
attests to Ocean Financial Centre as one of Singapore's premium office
properties with an enviable location at the heart of the Raffles Place
and Marina Bay precincts.
"We will continue to focus on maintaining a strong portfolio of
established tenants, as well as delivering steady performance and value
to our Unitholders."
The latest tenants at Ocean Financial Centre include those from the
energy, human resources as well as legal service sectors, namely Linc
Energy, BGC Group and Olswang Asia LLP. They add to the stellar line-up
of multinational companies such as Australia and New Zealand Banking
Group Ltd (ANZ), BNP Paribas, Gazprom and Drew & Napier, all of whom
have made Ocean Financial Centre their choice business address.
Strategically located at the intersection of the prime Raffles Place
and Marina Bay precincts, the 43-storey Ocean Financial Centre has a
total net lettable area of approximately 885,000 sf. Phase 2, which
comprises a seven-storey carpark and retail annexe, was completed in
November 2013. The approximate 8,600 sf of retail space is leased to
F&B tenants such as Paul café, Starbucks, and Cedele.
As part of Phase 2 development, the underground pedestrian network
(UPN) linking Ocean Financial Centre to Raffles Place MRT Interchange
Station has been completed. The UPN also connects Ocean Financial Centre
to all of Keppel REIT's properties in the Raffles Place and Marina Bay
precincts, including Marina Bay Financial Centre Towers 1 & 2,
Marina Bay Link Mall and One Raffles Quay. Tenants will also enjoy
greater connectivity when the Downtown MRT Station, which is directly
linked to Marina Bay Link Mall, opens on 22 December 2013.
In keeping with Keppel's commitment to contribute to the cityscape
with sustainable properties, Ocean Financial Centre features a green
wall which spans approximately 23,000 sf, or the equivalent of
approximately eight tennis courts. The green wall was awarded the
Guinness World Record for the World's Largest Vertical Garden and
recently clinched the Skyrise Greenery Award (Excellence) by the
National Parks Board.
To enrich the arts and cultural landscape in Singapore's central
business district, three art pieces by internationally acclaimed artists
- "Tall Tree in the Eye" by Anish Kapoor, "School of Fish" by Jane
Cowie and "Singapore Soul" by Jaume Plensa, were specially commissioned
at the public plaza of Ocean Financial Centre.
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