Keppel's Ocean Financial Centre fully occupied

PHOTO: Keppel's Ocean Financial Centre fully occupied

SINGAPORE - Offices and newly completed retail spaces at Ocean Financial Centre are fully occupied, Keppel REIT Management said on Thursday.

With this, all of Keppel REIT's five Singapore properties are now 100% occupied. The total average CBD occupancy in Singapore in Q3 was just 93.5 per cent.

Ms Ng Hsueh Ling, CEO of Keppel REIT Management, said: "We have steadily signed on tenants to achieve full occupancy, from approximately 80% when we acquired Ocean Financial Centre in December 2011. This attests to Ocean Financial Centre as one of Singapore's premium office properties with an enviable location at the heart of the Raffles Place and Marina Bay precincts.

The latest tenants at Ocean Financial Centre include those from the energy, human resources as well as legal service sectors, namely Linc Energy, BGC Group and Olswang Asia LLP. They add to the stellar line-up of multinational companies such as Australia and New Zealand Banking Group Ltd (ANZ), BNP Paribas, Gazprom and Drew & Napier, all of whom have made Ocean Financial Centre their choice business address.

The 43-storey Ocean Financial Centre has a total net lettable area of approximately 885,000 sf.  A seven-storey carpark and retail annexe were completed in November. Approximately 8,600 sf of retail space is leased to F&B tenants such as Paul café, Starbucks, and Cedele.

An underground pedestrian network (UPN) linking Ocean Financial Centre to Raffles Place MRT Interchange Station has also been completed. The UPN also connects Ocean Financial Centre to all of Keppel REIT's properties in the Raffles Place and Marina Bay precincts, including Marina Bay Financial Centre Towers 1 & 2, Marina Bay Link Mall and One Raffles Quay.

ljessica@sph.com.sg

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