Prudential eyeing move to Marina One

Singapore

NEW office projects continue to fuel leasing activity. Word in the market is that British life insurer Prudential is in advanced stages of negotiations for a lease in the low zone of Marina One's East Tower. The exact space may not be finalised yet but could extend up to 90,000 square feet, including a presence at ground level for a customer service centre.

Prudential currently occupies 70,000 sq ft at Prudential Tower, where its lease is said to expire in early 2018. Prudential declined to comment when contacted by The Business Times.

At the new UIC Building coming up at 5 Shenton Way, Japan's leading shipping group Mitsui OSK Lines (MOL) is said to have signed a lease …