Investment Portfolio
Overview
Suntec City
One Raffles Quay
MBFC Properties
9 Penang Road
177 Pacific Highway
Southgate Complex
Olderfleet, 477 Collins Street
Volume:
9,602,700
High:
1.870
Low:
1.840
Change:
-0.020
Last:
1.840
PROPERTY STATISTICS
As at 31 December 2017
Location 8 Marina Boulevard, Singapore 018981
Title Leasehold 99 years from 2005
Total Net Lettable Area 1,737,999 sq ft
Net Lettable Area 579,3331 sq ft
Number of tenants (actual) 110
Car Park Lots 697
Purchase Price S$1,495.8 million1
Market Valuation S$1,693 million1
(31 December 2016:
S$1,693 million)
Net Income Contribution S$53.6 million 2
(2016: S$58.7 million)
Committed Occupancy 99.8%
(31 December 2016: 99.7%)
Notes:
  1. Reflects one-third interest.
  2. Comprises distribution income and interest income from the joint venture net of all taxes.
The Marina Bay Financial Centre is a prime landmark commercial development strategically located in the heart of Marina Bay.

Designed by the internationally renowned architectural firm Kohn Pedersen Fox Associates of New York, Phase 1 of the development comprises a 33-storey office tower (“Tower 1”), a 50-storey office tower (“Tower 2”), Marina Bay Residences, the Marina Bay Link Mall which consists of approximately 94,906 sq ft of NLA for retail use including the ground levels of Tower 1 and Tower 2 and the Ground Plaza, and 697 car park lots. It is directly connected to the Downtown MRT station and there is also an underground link from Marina Bay Link Mall to the Raffles Place MRT Station.

The MBFC Properties was named Best Commercial Development in South East Asia at the 2013 South East Asia Property Awards. It was accorded the top award in the Office category at the FIABCI Prix d’Excellence Awards 2012, which recognises the world’s outstanding real estate developments. The MBFC Properties also clinched the Gold award for the Mixed-Use category and the Participants’ Choice Award in the MIPIM Asia Awards 2011.

The MBFC Properties has a premier tenant base, with major office tenants including Barclays, BHP Billiton, Macquarie, Nomura and Standard Chartered Bank.

In equal partnership with Hongkong Land and Keppel REIT, Suntec REIT holds a one-third interest in the MBFC Properties. The MBFC Properties comprises the office and retail properties under Phase 1 but does not include the Marina Bay Residences.

The Marina Bay Sands Integrated Resort, Singapore Flyer, Gardens by the Bay, Esplanade Theatres, international and boutique hotels, residential apartments and waterside food and beverage outlets are all within close proximity.

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