REAL ESTATE TODAY - CBRE SG

OFFICE SERVICES
4
Cost considerations are increasingly important in driving decisions on premises as corporate
occupiers display more caution.
Moray Armstrong
Executive Director, Office Services
Citi has taken an additional 50,000 sq ft of expansion space at Asia Square
CBRE appointed project manager for 75,000 sq ft Bank Julius Bär office in Singapore
The South Asia Project Management team was appointed to
manage the 75,000 sq ft Bank Julius Bär project in Singapore.
The new office will be built on levels 42 and 43 of Asia Square.
Asia Square is located at the heart of Singapore’s brand new
business and financial precinct of Marina Bay.
In a further sign of underlying growth in
Singapore, Citibank has taken a further 50,000
sq ft at Asia Square. This brings the bank’s
overall commitment at this new development
in Marina Bay to 300,000 sq ft – the largest
new office lease transaction in Singapore since
2007. The same team advised the bank on its
earlier 10-year 250,000 sq ft lease at Asia
Square. The lease spans eight floors and a
5,000 sq ft retail banking hall. Citi is Asia
Square’s largest tenant.
The Julius Bär appointment is another great step in the
development of our project management services in Singapore
and is another positive step in the development of our portfolio
of high end banking clients. Julius Bär is one of Switzerland’s
leading private banks and focuses on advising private clients.
The project has commenced and will be completed by
November this year.