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Strong take up for office space affirms Guoco Tower’s integrated workplace offering

GuocoLand Limited wishes to announce that a healthy pre-commitment level has been achieved at Guoco Tower, the integrated premium Grade A office component of Tanjong Pagar Centre. The signed leases, together with those under advance negotiations amount to more than 60% of office spaces at Guoco Tower. The interest comes from companies which are looking to relocate and secure premium Grade A office spaces in the CBD, or to expand their regional head office in Singapore. These included companies in the banking, asset management, technology and telecommunications sectors.

Guoco Tower continues to see a strong pipeline of companies expanding and/or upgrading to its office spaces which offers an all-round workplace experience. The flexibility and myriad varieties of working in a modern, cosmopolitan environment are complemented by the integrated hospitality, retail and lifestyle elements at Tanjong Pagar Centre, as well as the buzz and happenings in the Tanjong Pagar district.

“With Guoco Tower’s integrated premium workplace offering, we aim to go beyond the live, work and play concept towards a holistic and cosmopolitan business centre of the future. This will mean meeting the multi-faceted requirements of companies which value not only the brand and high-quality of the office spaces but also the business growth opportunities created and offered at Tanjong Pagar Centre through the social and cultural interactions that would inspire an all-encompassing workplace culture,” said Ms Valerie Wong, General Manager (Commercial), GuocoLand Singapore.

Companies can future-proof their office growth with Guoco Tower’s large, efficient, and adaptable floor plates, while accessibility to other amenities and services provides a complete ecosystem to suit all their business needs. Tenants at Guoco Tower will have access to dedicated concierge services, the business meeting and ballroom facilities at Sofitel Singapore City Centre, as well as an extensive range of dining, retail and lifestyle offerings at Tanjong Pagar Centre. Enhanced by the surrounding charms and vibrancy of the Tanjong Pagar precinct, tenants can look forward to their employees being within reach of the vital components for a work-life balance.

“In spite of relatively weak market conditions, Guoco Tower’s notable success in attracting pre-commitment demonstrates that occupiers are keen to take advantage of high quality office developments in the CBD. Whilst the market is taking delivery of a high volume of new supply at present, there is increasing realisation by tenants that this is a particularly opportune time to relocate to Grade A space and deal volume has increased markedly. Once this supply wave passes there are no new confirmed CBD office developments until 2021 at earliest,” said Moray Armstrong, Managing Director, CBRE Advisory and Transaction Services, Singapore.

Companies which have chosen Guoco Tower will also be at the forefront of future urban change in Singapore . There will be greater connectivity through the expansion of the MRT network with two more transport nodes serving the area: Maxwell Station (Thomson-East Coast Line) and Prince Edward Station (Circle Line). With its integrated and mixed-use offering, Tanjong Pagar Centre is also primed to be the focal point of a huge development in the making — the Greater Southern Waterfront, which aims to support Singapore’s growing reputation as a world-class city for people to live, work and play in the face of urban challenges and limitations.

Source : Guocoland 28 July 2016

AccorHotels, K Line, Bunge among new tenants at Guoco Tower

GUOCOLAND has announced some new tenants that it has clinched for Guoco Tower, the 890,000 square feet office component of its Tanjong Pagar Centre integrated mixed-use project that is nearing completion.

These include AccorHotels, which will relocate its Asia-Pacific headquarters to Guoco Tower from Raffles City Tower.

Other tenants signed up for Guoco Tower include Japanese transportation group K Line, global agribusiness and food company Bunge, and US-based human resource consulting firm ManpowerGroup.

The earlier list of office tenants announced by GuocoLand in January during the topping-off ceremony for Tanjong Pagar Centre include DNB Asia (a fully-owned subsidiary of DNB Bank Asia), Hong Leong Bank, IT company Open Link, and Regus.

GuocoLand Group will also centralise its Singapore operations at Guoco Tower.

“The current pre-commitment level at Guoco Tower is approximately 18 per cent. We are in the final stages of negotiations with many other companies from diverse industries such as financial services, fund management, technology, consumer, services and trading. We have a healthy pipeline of interest and we expect the tenancy rate to pick up in the next few months,” GuocoLand Singapore said in response to queries from The Business Times.

Gaynor Reid, vice-president of communications, Asia-Pacific, at AccorHotels, said the group currently occupies about 12,800 sq ft at Raffles City Tower comprising an entire floor and pockets of space on two other floors. At Guoco Tower, the group will occupy 21,000 sq ft on Level 17. The relocation is expected to take place around September/October this year. “The benefit of moving to Guoco Tower is that we can have all our people on one level because of the bigger floor plate. It’s always nice to move to a new building and moreover we’ll be managing the Sofitel Singapore City Centre, also in Tanjong Pagar Centre. So it makes sense to have our regional HQ in the same development.”

K Line is also said to have leased around 20,000 sq ft at Guoco Tower; it will be relocating predominantly from Axa Tower, across the road. Bunge will be moving from 77 Robinson Road and ManpowerGroup, from International Plaza.

Besides Guoco Tower and 222-room hotel, the other components of Tanjong Pagar Centre include a 100,000 sq ft lifestyle and F&B component, 181-unit Wallich Residence, and a 150,000 sq ft landscaped Urban Park.

At 290 metres high, the project is Singapore’s tallest.

Tanjong Pagar Centre is designed by world-renowned architectural firm Skidmore, Owings & Merrill.

The project is on schedule to receive Temporary Occupation Permit in July 2016.

Source : AsiaOne 8 Apr 2016

Singapore’s upcoming tallest building aims to rejuvenate Tanjong Pagar

The developer of Tanjong Pagar Centre is pinning its hopes on their latest development to be at the heart of efforts to rejunenvate the Tanjong Pagar District, according to President and CEO of Guocoland Group, Mr Raymond Choong.

Mr Choong was speaking at the development’s topping up ceremony on Wednesday (Jan 13), which was attended by National Development Minister Lawrence Wong.

“Tanjong Pagar Centre makes two key contributions to the Singapore city. It will act as a catalyst in accelerating the rejuvenation and transformation of Tanjong Pagar District into a business and lifestyle hub in the CBD,” said Mr Choong. “Additionally, its ‘Integrated Vertical Living’ design concept offers a model for Singapore’s urban future.”

Calling the building “Guocoland Group’s S$3.2 billion flagship development in Singapore”, Mr Choong said that it will at to the group’s “growing portfolio of large-scale integrated mixed-use investment properties in Singapore and the region”.

“This is in line with Guocoland’s growth strategy to grow our investment income through iconic mixed developments in selected gateway cities in Asia,” he added.

Singapore’s New Tallest Building

At 290 metres high, Tanjong Pagar Centre is set to be Singapore’s tallest building. The mixed-use development will combine 890,000 square feet of office space, 100,000 square feet of retail, a park with more than 200 hotel rooms and 181 residences.

Guocoland says the take-up rate for its office space in Guoco Tower to date is approximately 10 per cent, with tenants including DNB Asia, Hong Leong Bank and Regus.

Meanwhile, leasing commitments for its retail space is at 60 per cent, with the developers having secured an anchor lifestyle/retail tenant in Virgin Active.

For its hotel component, Guocoland has signed an agreement with AccorHotels to manage its hotel. Named Sofitel Singapore City Centre, the hotel is expected to open in the third quarter of 2016.

The TOP for Tanjong Pagar Centre is scheduled for mid-2016.

Source : CNA 13 Jan 2016

Tanjong Pagar Centre: Work, live, relax in 290m-high building

At 290m tall, the Tanjong Pagar Centre will have the tallest building in Singapore when it is completed in the middle of next year.

But the architects behind the mixed- use project – offices, luxury residences and a hotel – hope that being the tallest tower will not be its sole calling card.

Singapore’s current tallest buildings, at about 280m, are One Raffles Place, Republic Plaza and United Overseas Bank Plaza One. They are all located in the Central Business District too.

American architectural and urban planning firm Skidmore, Owings & Merrill (SOM) designed the Tanjong Pagar Centre and it is no stranger to creating soaring skyscrapers and massive floor plates.

The firm is responsible for mammoth projects such as the iconic 828m Burj Khalifa in Dubai, the world’s tallest building; and last year’s 104-storey, 541m-tall One World Trade Center in New York, which replaces a part of the buildings destroyed in the 9/11 terrorist attacks in 2001.

SOM is not new to Singapore’s landscape either. It has worked with local architects on two projects here – Changi Airport’s Terminal 3 in 2007 and office building One George Street in 2005.

Tanjong Pagar Centre, a 64-storey integrated development spanning 1.7 million sq ft, sees the firm teaming up with local firm Architects 61.

SOM architect Ame Engelhart, one of the design consultants on the project, says the building’s height is barely noticeable in the city skyline.

The maximum building height allowed in Singapore is 280m, but Tanjong Pagar Centre’s developer GuocoLand obtained permission for the building, which sits above the Tanjong Pagar MRT station, to go up to 290m.

Ms Engelhart says: “As we’re sitting much further away from Marina Bay, the height difference is not noticeable from the skyline. Other buildings look taller than ours.”

GuocoLand Singapore’s managing director Cheng Hsing Yao adds: “From a design perspective, the height speaks of the broader vision for the overall project, which is to exercise greater land efficiency.

“The height has also given us more leeway to create interesting and innovative building forms and sky gardens, and freed up more space on the ground level for our 150,000 sq ft urban park.”

The park, which will sit between the two exits of the MRT station, is set to be a hot spot of activity where people can chill, play and dine outdoors.

There is also a 30,000 sq ft City Room – a spot where GuocoLand plans to have events throughout the week. This public space, which can accommodate up to 2,000 people, will be open all the time and is sheltered from the weather by a solar panel glass canopy which is 15m high.

Foodies will be spoilt for choice with the numerous alfresco food-and-beverage spots available. The facade of these units will be lit at night by fancy lights resembling flitting fireflies.

Above these eateries are themed roof gardens linked by aerial bridges. There is also a Tree Plaza where mature rain trees on the existing plot of land will be preserved. And cyclists will cheer at the 221 lots set aside for their two-wheelers.

Ms Engelhart says the park was designed “bigger than required” by regulation.

“The park is just as important as the buildings themselves. It adds a good quality of life to the space, beyond just office buildings. It adds to the resurgence of city living, where people can work, live and relax in the same vicinity,” she explains.

The park is just one of many pieces in this huge structural puzzle, which also has the 181-unit luxury Clermont Residence and the 222-room Clermont Singapore hotel.

The residential portion sits atop the offices and starts from levels 39 to 64, making it the highest residential building in Singapore. The hotel is in its own building.

With so many components – Tanjong Pagar Centre is also nestled between old HDB blocks on one side and other skyscrapers on the other – Ms Engelhart likens designing the building to putting together a Swiss watch.

“It’s so many things all at one place, on a site that is tight. But I think it will be an exciting location to be straddling two different neighbourhoods.”

Source : ST News 4 Apr 2015

S$3b mixed-commercial development may boost Tanjong Pagar

Tanjong Pagar Centre, a mega mixed-commercial development at Peck Seah Street/Choon Guan Street at Tanjong Pagar, may serve to give the CBD area a boost after its completion ever since the Marina Bay Financial Centre stole Tanjong Pagar’s limelight.

For those of you who don’t know, GuocoLand won the bid for this site last November at a price of $1.7 billion. This yet-unnamed development sits on Tanjong Pagar MRT and is a residential development, a hotel, offices and shops all rolled into one.

Spanning roughly 500,000 sqft, we heard it will be designed by architects Skidmore, Owings & Merrill and Architect 6. And at a height of 78 storeys, this one out shadows Skysuites@Anson’s 71 storeys. Experts reckon that the residences in this development may very easily sell for above $2000 psf since its location and breathtaking view will contribute to the selling price.

Coupled with the potential development of the outgoing KTMB train station and the proposed redevelopment of the Tanjong Pagar port, this area could become the next Marina Bay (minus the IRs of course).

With many offices moving to the Marina Bay Financial Centre, the Tanjong Pagar is slowly losing it’s lustre. Developers have been turning old office skyscrapers to high-rise apartments too. Hopefully with this new development, TP will sparkle again.

Source : Today. Image: Onemap.sg and URA.

Tanjong Pagar Cenre: GuocoLand aims for the sky with 78-storey homes

MALAYSIAN tycoon Quek Leng Chan’s GuocoLand is planning to build Singapore’s tallest residences, up to 78 storeys high, within a US$3 billion (S$3.9 billion) mixed-development project on a site above Tanjong Pagar MRT Station.

The US$3 billion development cost includes the US$1.708 billion or US$1,006 per square foot per plot ratio (psf ppr) that Singapore-listed GuocoLand will pay for the 99-year leasehold plot. It placed the highest of six bids for the ‘white’ site, which was offered at a state tender which closed yesterday.

GuocoLand is required to allocate at least 60 per cent of the maximum 1.7 million sq ft gross floor area (GFA) to offices and another 10 per cent for hotel use, under the rules for the site set by Urban Redevelopment Authority.

GuocoLand Singapore managing director Trina Loh says that with a maximum height of 280 metres above mean sea level the proposed development will join Republic Plaza, UOB Plaza and OUB Centre in Raffles Place as Singapore’s tallest buildings.

‘Within the Tanjong Pagar area, it will be the tallest project and we’ll also offer the tallest residences in the whole of Singapore,’ Mrs Loh added.

The group plans to develop two towers, possibly with a mix of uses. In addition to offices, a hotel and apartments, there will also be ground-floor retail space. ‘What makes this site very exciting is that it can be a truly, fully-integrated development above the MRT Station, plus the height of the project.

‘And as the winner of two BCA Green Mark Platinum awards, we’ll ensure this latest proposed development will also be eco friendly,’ she added.

Source : BT News 19 Nov 2010

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