Meta giving up 7 office floors totalling 115,000 sq ft at South Beach Tower

THE landlord of South Beach Tower is in the advanced stage of securing a replacement tenant for two of the seven office floors leased to Meta in the 34-storey building.

The tech giant will not be renewing its lease in the building expiring at the end of September this year. It is understood to have started moving its staff out of South Beach Tower in the first half of last year, consolidating its teams at Marina One.

Samantha Tan, general manager of South Beach Consortium (SBC), which developed the South Beach mixed-use integrated project, told The Business Times that the company had received Meta’s confirmation in June last year that it would not be renewing its lease in South Beach Tower. This was after the tech group’s second major global layoffs in March 2023.