Marina Bay Financial Centre Explained

Marina Bay Financial Centre
Native Name:-->
Location:Marina Boulevard, Downtown Core, Singapore
Architectural Style:Office complex, retail and residential
Building Type:Integrated Development
Roof:245m, 239m, 227m, 222m, 192m
Floor Count:66, 55, 49, 46, 32
Public Transit: Downtown
Marina Bay
Status:Completed
Architect:Kohn Pedersen Fox
DCA Architects[1]
Developer:Hongkong Land
Cheung Kong/Hutchison Whampoa
Keppel Land
Management:Raffles Quay Asset Management

The Marina Bay Financial Centre (MBFC) is a mixed-use development located along Marina Boulevard and Central Boulevard within the Downtown Core of Singapore. It consists of three office towers, two residential towers and retail space at Marina Bay Link Mall, occupying a 3.55hectare site.[2]

The construction of the Marina Bay Financial Centre development consisted of two phases, with its first phase completed in 2010. The entire development was completed in 2012 and the grand opening of Marina Bay Financial Centre was officiated by Prime Minister Lee Hsien Loong on 15 May 2013.[3]

The first phase includes the construction of office Tower 1, which consists of 33 storeys, office Tower 2, which consists of 50 storeys, Marina Bay Residences with 428 units and a retail mall. The architect for phase 1 was local DCA Architects.[1] The second phase comprises office Tower 3, which consists of 46 storeys, a retail mall and Marina Bay Suites with 221 units. Marina Bay Suites attained Temporary Occupation Permit (TOP) in June 2013.[4] [5] [6] For this major project, Schindler Singapore supplied a total of 105 units of elevators and 6 units of escalators.[7]

Clyde & Co, currently located on the 30th floor of Tower 3, houses the Honorary Consulate of Iceland.

Office Towers – Marina Bay Financial Centre

Tower 1 is being fully leased to international banking and financial institutions such as Standard Chartered bank, the anchor tenant occupying 500000square feet of the office space, Baker McKenzie, Raffles Quay Asset Management, Societe Generale and Wellington Management Company.[8] The world highest urban microbrewery, LeVeL33, is also located on the top of Tower 1.

Tower 2 is being leased to multi-national institutions such as IBM, American Express, BHP, Bank Pictet, Barclays, Eastspring Investments, Pain X Chiropractic Center, Murex, NEX, Nomura Securities and Servcorp.

The anchor tenant of Tower 3 is DBS Bank, which occupies over 600000square feet of the office space.[9] Other tenants are a mix of multinational companies from various sectors such as legal firms, real estate development, financial services, commodities and specialist food providers, energy trading and technology companies. They include Booking.com, Ashurst, Aryzta, Clifford Chance, Endurance Specialty Insurance, Fitness First, Evercore, Gunvor, Louis Dreyfus, Lynx Energy Trading, M&A Development, S&P Global, Mead Johnson, IWG, Software, Trammo and WongPartnership.[10] Tower 3 attained Temporary Occupation Permit (TOP) in March 2012.

Awards

Marina Bay Suites, the second luxury residential development won the FIABCI Singapore Property Awards 2014. The Singapore Property Awards is the local chapter of the international FIABCI Prix d'Excellence Awards.

Marina Bay Financial Centre (MBFC) clinched the top award in the Office category at the FIABCI Prix d'Excellence Awards 2012 (held in May),[11] which recognises the world's outstanding real estate developments. Marina Bay Residences (MBR) was runner-up in the Residential (High Rise) category.

Marina Bay Financial Centre (MBFC) also won the Gold award for the mixed-use category in the MIPIM Asia Awards 2011 (held in November), which honours outstanding real estate projects in the Asia Pacific region.[12] MBFC also won the Participants‟ Choice Award, which honours the project that receives the most delegate votes.

Marina Bay Residences (MBR) and Marina Bay Financial Centre (MBFC) Phase 1 were named winners in the Residential (High Rise) and Office Categories respectively at the inaugural FIABCI Singapore Property Awards held in October 2011.

Marina Bay Financial Centre (MBFC) has won accolades for its achievements towards environmental sustainability under the BCA Green Mark awards.[13] [14]

Marina Bay Link Mall

Marina Bay Link Mall (MBLM) offers about 179,000 sq ft (Phase 1 and 2 combined) of retail and dining space. Phase 1 was opened to the public on 3 November 2010. The mall is largely a subterranean mall with shops at the basement, ground level, the office towers and an alfresco dining area at the Ground Plaza located between MBFC Tower 1 and Marina Bay Residences.[15]

Transportation

Notes and References

  1. Web site: Keppel Corporation Website. Keppel Corporation. 18 August 2017. https://web.archive.org/web/20170822053946/http://www.kepcorp.com/upload/PressRelease/Combined%20Fact%20Sheet.pdf. 22 August 2017. live. dmy-all.
  2. News: New financial centre reaches a milestone . The Straits Times. 30 July 2009.
  3. Web site: Marina Bay set to get even livelier. The Straits Times. 16 May 2013. 2 August 2013. https://web.archive.org/web/20130523093720/http://www.straitstimes.com/breaking-news/singapore/story/marina-bay-set-get-even-livelier-more-homes-offices-and-shops-20130516. 23 May 2013. live. dmy-all.
  4. News: Another 3 firms reserve space in MBFC Tower 3 . The Business Times. 31 December 2010.
  5. News: Property interest picks up in Singapore . The Edge Singapore. 30 July 2009.
  6. Web site: Luxury Marina Bay Suites project in Singapore 90% sold. The Straits Times. 25 May 2013. 2 August 2013. https://web.archive.org/web/20130729081658/http://www.straitstimes.com/breaking-news/money/story/luxury-marina-bay-suites-project-singapore-90-sold-20130725. 29 July 2013. live. dmy-all.
  7. Web site: Schindler Singapore website . Schindler Group . 6 April 2015 . https://web.archive.org/web/20150412050609/http://www.schindler.com/sg/internet/en/mobility-solutions/Our%20Solutions%20For%20Your%20Building/office.html . 12 April 2015 . dead . dmy-all .
  8. News: Amanda. Tan. 10 November 2012. Marina Bay now top financial district. The Straits Times.
  9. Web site: DBS completes acquisition of stake in MBFC Tower 3. Singapore Business Review. 2 January 2013. 3 June 2013. https://web.archive.org/web/20130127185922/http://sbr.com.sg/financial-services/more-news/dbs-completes-acquisition-stake-in-mbfc-tower-3. 27 January 2013. live. dmy-all.
  10. Web site: Keppel Land Ltd : Commitment at Marina Bay Financial Centre Tower 3 exceeds 83 percent . 4-traders . 27 February 2013 . 3 June 2013 . https://web.archive.org/web/20160304055202/http://www.4-traders.com/KEPPEL-LAND-LTD-6491127/news/Keppel-Land-Ltd-Commitment-at-Marina-Bay-Financial-Centre-Tower-3-exceeds-83-percent-16366263/ . 4 March 2016 . live . dmy-all .
  11. News: 13 projects win property awards. The Straits Times. 12 October 2011.
  12. Web site: 新加坡多个建筑项目或MPIM亚洲奖 . https://archive.today/20130413153911/http://www.nst.com.my/red/interior-green-the-new-gold-standard-for-office-buildings-1.178878 . dead . 13 April 2013 . Lianhe Zaobao . 17 September 2011 . 6 March 2013 .
  13. Web site: Green, the new gold standard for office buildings . https://archive.today/20130413153911/http://www.nst.com.my/red/interior-green-the-new-gold-standard-for-office-buildings-1.178878 . dead . 13 April 2013 . New Straits Times . 30 November 2012 . 6 March 2013 .
  14. Web site: 25 July 2014 . https://web.archive.org/web/20140725164959/http://www.greenmark.sg/property-detail.php?id=98 . live . dmy-all . Marina Bay Financial Centre (Phase 1) . Greenmark . 6 March 2013.
  15. Web site: New mall at Marina Bay by end of 2010 . The Straits Times . 28 October 2009 . 3 June 2013 . https://web.archive.org/web/20140227114228/http://hudcsg.blogspot.sg/2009/10/straits-times-new-mall-at-marina-bay-by.html . 27 February 2014 . dead . dmy-all .
  16. Web site: Marina Bay Link Mall. 3 June 2013. dead. https://web.archive.org/web/20130702153723/http://www.marinabaylink.com.sg/get-linked.html. 2 July 2013 . dmy-all.