77% of OUE Bayfront’s total space for lease are now occupied

Hogan Lovells International LLP and Union Bancaire Privee (Singapore) Ltd., are among the key tenants prime Green Mark Gold certified edifice.

SGX Mainboard-listed Overseas Union Enterprise Limited (“OUE”) on Tuesday announced that OUE Bayfront has signed new tenants, with committed leases of over 77% of the office net lettable area.

The latest line-up of reputable tenants at OUE Bayfront includes Hogan Lovells International LLP, an international law firm ranked amongst the world’s top 10 global practices and Union Bancaire Privee (Singapore) Ltd., subsidiary of a major Swiss bank with private and institutional clients.

Other well-known organisations that have already leased space at OUE Bayfront include Allen & Overy LLP, Citrix Systems Singapore Pte Ltd, Merrill Lynch International Bank Limited (Merchant Bank) and Skandinaviska Enskilda Banken AB (PUBL) Singapore Branch.

OUE Bayfront, which has been certified Green Mark Gold by the Building and Construction Authority, offers prime Grade A office space of about 500,000 sq ft spread over 14 floors. On the rooftop of OUE Bayfront, a restaurant that will introduce a unique dining concept with unrivalled waterfront views is expected to open towards the end of 2011.

OUE has also completed the refurbishment of the former Change Alley Aerial Plaza Tower and the Change Alley Link Bridge, which have been renamed OUE Tower and OUE Link respectively.

OUE Tower overlooks the Collyer Quay waterfront, historically a well-known meeting place for merchants and traders in the early days of Singapore. In 2007, the building was accorded heritage conservation status by the Urban Redevelopment Authority. Newly restored, the iconic OUE Tower, with its revolving platform and view of the expanse of Marina Bay, has a net lettable area of 11,800 sq ft over 2 levels. It is slated to open as a fine dining restaurant serving delectable Chinese cuisine, according to an OUE report.

OUE Link which provides pedestrian access between Raffles Place and the new Marina Bay Financial District, has been refurbished into a dual-passage overhead link with a net lettable area of 2,854 sq ft. The strategically located OUE Link now has a number of retail and F&B outlets. Those using this route to cross over Collyer Quay road as well as time-starved office workers in the vicinity can now have their caffeine fix at Coffeesmith and Delifrance cafes, pop into a pharmacy or use other service providers that operate along this overhead link. Both OUE Tower and OUE Link, with a total net lettable area of 14,654 sq ft, have been fully leased to retail and F&B tenants. 

Explaining OUE’s strategy, OUE’s Executive Chairman Dr Stephen Riady said, “We believe a good retail mix at OUE Tower and OUE Link will complement our adjoining commercial development, OUE Bayfront. One of OUE’s business strategies is to put together effective combination of commercial and retail space at prime locations within the central business district.”