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Marina One tops out, secures 550,000 sq ft of office leasing deals

M+S Pte Ltd, a joint venture between Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, said on Tuesday it has "topped out" (meaning put the top of the building on) Marina One in Singapore's Marina Bay area.

Indoor furnishings are not yet completed, however, and the development remains on track for completion in 2017.

It added that it has secured strong office leasing pre-commitments of over half a million square feet, details of which will be announced soon.

"These are some of the largest office leasing deals in 2016 and we continue to be in active negotiations with many other multinational companies who are looking at securing office spaces over multiple floors," said Kemmy Tan, chief executive officer of M+S. "Prospective tenants are taking this opportunity to move into Marina One as it is the only new development in the prime central business district that offers excellent connectivity, efficient floor plates, and lush green biodiversity at the heart of the development."

The signed leases, together with those under documentation, will bring Marina One's take-up to over 550,000 sq ft.

"A few privileged companies will have the rare opportunity to have exclusive sky signs at Marina One, putting their mark onto the signature Singapore skyline," Ms Tan said.

The 3.67-million-sq-ft development comprises Marina One East and West Towers, two prime Grade-A office towers of about 1.88 million sq ft, 1,042 units of luxurious city residences, 140,000 sq ft of retail space and 65,000 sq ft of greenery.