residential project marketing - CBRE SG

OFFICE SERVICES
6
Occupier demand is likely to moderate as the economy slows, but on a positive note, we are still
seeing expansion and new set up requirements in a few sectors including energy, commodities and
professional services.
Moray Armstrong
Executive Director, Office Services
Market Street Development AGC leases Upper Pickering St offices
CBRE’s Office Services team has been appointed to market
a new Grade A 40-storey office tower in the heart of the
Central Business District. The project is jointly developed by
CapitaLand, Capita Commercial Trust and Mitsubishi Estate
Asia. The development has a net lettable area of 720,000 sq
ft and will be the only Grade A development scheduled to
complete in 2014.
Major wins for Asia Square Tower 1
CBRE’s Office Services team concluded several key major
leases at Asia Square Tower 1 in 2011, a 1.3 million sq ft
office development in Singapore’s new financial district in
Marina Bay. CBRE secured its anchor tenant, Citi, concluding
a 300,000 sq ft office leasing transaction, the second
The Office Services team arranged the Singapore
government’s Attorney-General’s Chambers 87,067 sq ft
lease at a new office building at Upper Pickering Street.
The building, owned by Pan Pacific Hotels Group, is under
construction and is expected to be completed in the third
quarter of 2012. AGC will occupy the whole office building.
largest office lease deal in Singapore since 2007. The team
also signed up several other key corporate occupiers
including a major expansion by Google. Last year, CBRE
advised Barclays Capital on a 350,000 sq ft lease at MBFC
Tower 2.