SINGAPORE | Asia Square | 233m | 47 fl | 43 fl | U/C

[Vrooms]

Asia Square's revamped site:http://www.thehumanbuilding.com/#/home

It is referred to as ''the human building''.

[Vrooms]

from the SG forum:

Originally Posted by SingaporeCity

Westin set to return to Singapore

It is expected to manage a hotel of about 280 rooms in Asia Square Tower 2

(SINGAPORE) After an absence of about a decade, the Westin brand is expected to make a return to Singapore when a hotel with about 280 rooms opens in the top stack of floors of Asia Square Tower 2 in 2013.

Asia Square: Tower 1, which will be completed in June next year, has clinched tenants such as Julius Baer and Bank Sarasin. Citigroup is also expected to lease about 250,000 sq ft

Industry sources say that Starwood Hotels & Resorts has clinched the management contract to manage the hotel under the Westin brand.

The hotel will be located on the 32nd to 46th floors - sitting above 26 levels of offices. There will be retail space on the first two floors and carpark lots on the third to fifth floors.

The Asia Square project is being developed by private equity real estate investment advisory group MGPA. The first tower, which will be 43 storeys high, is slated for completion around the middle of next year and will comprise mostly offices, with retail and carparks on the lower floors.

Starwood unit Westin Hotels & Resorts used to manage the two landmark hotels in the Raffles City complex along Bras Basah Road from the time they opened in 1986 until the end of 2001, when the management contract expired.

The then Raffles Holdings' hotel management arm, Raffles International, took over the running of the two hotels from January 2002.

The hotels are today known as Fairmont Singapore and Swissotel The Stamford and managed by Fairmont Raffles Hotels, following Raffles Holdings' 2005 divestment of its hotels business to Colony Capital, which later merged that portfolio with Fairmont Hotels & Resorts' assets.

Starwood, however, continues to have a presence in the Singapore market through a management contract for the St Regis Singapore at Tanglin Road, which opened in 2008. The property is owned by Singapore's Hong Leong Group. Starwood will also manage under the W brand a hotel of about 240 rooms that is being developed by City Developments at Sentosa Cove. This hotel is slated to be ready in 2012.

Then, there is Sheraton Towers Singapore at Scotts Road, which operates under a franchise agreement with Starwood.

Leasing interest in the office space at Asia Square's Tower 1 has been gathering momentum in recent months. Market sources suggest that over 40 per cent of the 1.26 million sq ft of net lettable office space in the 43-storey tower is at an advanced stage of negotiation or let. Besides Citigroup, which is expected to lease 250,000 sq ft of space, Google is said to be in talks to take two floors. US law firm White & Case will occupy a floor.

BT understands that Bank Sarasin will lease the 25th floor, while Swiss private bank Julius Baer has signed up for the top two floors. Julius Baer is said to have been advised by Colliers International. Jones Lang LaSalle is the exclusive marketing agent representing Asia Square's developer MGPA.

[BeverlyCalifornia90]

I'm able in four days to see this splendid city! I am in a hurry! I love business class in Singapur Airlines :-)

[FlagshipV]

Originally Posted by BeverlyCalifornia90

I'm able in four days to see this splendid city! I am in a hurry! I love business class in Singapur Airlines :-)

Welcome to Singapore BeverlyCalifornia90!!

[Mith252]

Here are some pics I took yesterday. I posted them in the Singapore forum.


http://lh6.ggpht.com/_1IkMQf4n9z8/TL...2/DSC00380.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TL...0/DSC00397.JPG

http://lh6.ggpht.com/_1IkMQf4n9z8/TL...0/DSC00398.JPG

http://lh5.ggpht.com/_1IkMQf4n9z8/TL...0/DSC00399.JPG

http://lh6.ggpht.com/_1IkMQf4n9z8/TL...0/DSC00400.JPG

[sieradzanin1]

Update

Originally Posted by OpenH2O

[Vrooms]

Cladding looks really nice!!

[Vrooms]

By Mith252 from the Singapore Forum
http://www.skyscrapercity.com/member.php?u=510283

Originally Posted by Mith252

Here are some pics I took today. There seems to be some progress on Tower 2 but it is sure quite slow.


http://lh4.ggpht.com/_1IkMQf4n9z8/TN...2/DSC00518.JPG

http://lh4.ggpht.com/_1IkMQf4n9z8/TN...0/DSC00519.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TN...0/DSC00531.JPG

http://lh5.ggpht.com/_1IkMQf4n9z8/TN...0/DSC00532.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TN...0/DSC00534.JPG

http://lh5.ggpht.com/_1IkMQf4n9z8/TN...0/DSC00535.JPG

http://lh4.ggpht.com/_1IkMQf4n9z8/TN...0/DSC00536.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TN...0/DSC00537.JPG

http://lh5.ggpht.com/_1IkMQf4n9z8/TN...0/DSC00544.JPG

[Vrooms]

By Mith252 from the Singapore Forum
http://www.skyscrapercity.com/member.php?u=510283

Originally Posted by Mith252

Some pics I took on Friday. Nothing much has changed. One of the unique features of the tower is being built.


http://lh5.ggpht.com/_1IkMQf4n9z8/TN...2/DSC00599.JPG

http://lh4.ggpht.com/_1IkMQf4n9z8/TN...0/DSC00600.JPG

[Vrooms]

By Mith252 from the Singapore Forum
http://www.skyscrapercity.com/member.php?u=510283

Originally Posted by Mith252

Took some pics today. Not much progress can be seen from where I took from.


http://lh4.ggpht.com/_1IkMQf4n9z8/TO...2/DSC00648.JPG

http://lh4.ggpht.com/_1IkMQf4n9z8/TO...0/DSC00649.JPG

[Vrooms]

Source:http://www.channelnewsasia.com/stori...095123/1/.html

Increase demand for Grade A new office space in S'pore
By Georgina Joseph | Posted: 23 November 2010 2005 hrs

SINGAPORE: Demand is burgeoning for Grade A new office space in Singapore.

Citibank Singapore has agreed to lease more than 250,000 square feet of office space at Asia Square, which will house the US bank's new corporate office as well as its largest trading floor in Asia Pacific.

This is the largest leasing transaction in Singapore's central business district in two years, according to real-estate investment firm MGPA, which owns Asia Square in one of its Asia funds.

Citi, which will become the biggest tenant in Asia Square's Tower One when it moves there in October next year, expects to spend S$85 million on renovation and relocation.

Asia Square's Tower 1, which will be completed in June next year, is almost 50 per cent let. Apart from Citi, other secured tenants include law firm White & Case and Swiss private bank Julius Baer.

MGPA said that future tenants of this 1.26-million-square-foot office bloc could include a large IT company and some large insurers.

Meanwhile, Asia Square's Tower 2, which boasts around 780,000 square feet of office space and will be ready by end-2013 or early 2014, is also enjoying strong interest.

John Saunders, CEO Asia, MGPA, said: "Tower 2 will be the only other building to complete from the last of the buildings that are being finished off now.

"After that this is really the only building till 2015 at the earliest or possibly as late as 2016. So there's a lot of interest from tenants in terms of pre commitment."

[Vrooms]

Source:http://www.businesstimes.com.sg/sub/...14555,00.html?

Published November 24, 2010
Asia Square's Tower 1 over 50% leased at premium rents

ASIA Square's Tower 1 is more than 50 per cent leased at rents which are a premium over the market rate, developer MGPA said in an update yesterday.

For example, new tenants looking to take up space in one of the mid-rise floors at the 43-storey Tower 1 will pay 'double-digit' rents, said John Saunders, chief executive of MGPA's Asia unit.

MGPA, or Macquarie Global Property Advisers, is a private equity real estate fund management firm.

Market watchers pegged the current market rate for prime office rents for the area at $9-10 per square foot (psf) per month.

But newer buildings such as Asia Square, which is in the new Marina Bay commercial district, command a premium because of features such as large floorplates, said Chris Archibold, head of markets at Jones Lang LaSalle.

Mr Saunders likewise said that Asia Square is not just a great address but also a great working and business environment.

'Commercial buildings today have to offer more than just location and connectivity to amenities. There are so many choices that tenants have become much more discerning and exacting in standards,' he said.

Asia Square's Tower 1, which will offer some 1.2 million sq ft of office space, is slated for completion in June 2011. The integrated commercial development also has a second tower, Tower 2, which will yield 780,000 sq ft of office space when it is completed in 2013. MGPA is also building a hotel with about 300 rooms and 70,000 sq ft of retail space.

Asia Square project is built on two adjacent sites the group won in government land tenders in 2007.

MGPA also confirmed yesterday that banking group Citi has inked a 10-year lease to take up more than 250,000 sq ft of office space from levels 17 to 24, as well as a 5,000 sq ft retail banking hall, in Tower 1. Citi, which will occupy nearly a quarter of the net lettable office space at the tower, will be Asia Square's largest tenant.

The bank will spend some $85 million in capital expenditure related costs for the renovation and relocation to Asia Square from its current location at Centennial Tower and Millenia Tower, it said.

[Vrooms]

An article on Westin Asia Square:

Source:http://www.channelnewsasia.com/stori...096226/1/.html

Starwood Hotels and Resorts to open first hotel at Asia Square
By Jonathan Peeris | Posted: 29 November 2010 1929 hrs

SINGAPORE: Starwood Hotels and Resorts will be the first to open a hotel at Marina Bay's Asia Square, located at Singapore's newest financial district.

In a release, Starwood Hotels & Resorts, which owns the Westin brand, said the hotel will be operational end 2013.

The hotel, occupying over 300,000 square feet, will offer 306 rooms.

The rooms will take up 15 storeys (32nd to 46th floors) of Asia Square Tower 2.

The hotel will also provide other facilities like restaurants, meeting rooms and spa.

Matthew Fry, Westin Hotels & Resorts Acquisitions & Development Senior Vice President, said: "We are delighted to establish Westin's presence in Singapore and at a landmark development like Asia Square. The Westin brand continues to be a market leader in many established and emerging markets throughout Asia Pacific.

"With Asia Square's prime location and excellent amenities, coupled with our distinctive wellness positioning, we are certain of delivering a world-class hotel that will redefine the Marina Bay precinct. We look forward to working in partnership with Asia Square to re-introduce the Westin brand to Singapore."

Asia Square said the hotel will provide high quality accommodation and state-of-the-art business facilities to meet the needs of discerning business and leisure travellers.

Asia Square Tower 1 is slated for completion in June next year while Tower 2 is targeted to complete in 2013.

Other Asia Square tenants to date include Citi Bank, Swiss private banking group Julius Baer, and insurance giant Lloyd's.

- CNA/fa

[Vrooms]

By Mith252 from the Singapore Forum
http://www.skyscrapercity.com/member.php?u=510283

Originally Posted by Mith252

Took some pics. There is some progress for Tower 2.......


http://lh5.ggpht.com/_1IkMQf4n9z8/TP...2/DSC00755.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TP...0/DSC00757.JPG

http://lh4.ggpht.com/_1IkMQf4n9z8/TP...0/DSC00758.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TP...0/DSC00766.JPG

http://lh4.ggpht.com/_1IkMQf4n9z8/TP...0/DSC00767.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TP...0/DSC00770.JPG

http://lh5.ggpht.com/_1IkMQf4n9z8/TP...0/DSC00771.JPG

[Vrooms]

By Mith252

Originally Posted by Mith252

Took some pics today. Tower 1 is doing okay, little work done for Tower 2.


http://lh5.ggpht.com/_1IkMQf4n9z8/TQ...2/DSC00776.JPG

http://lh6.ggpht.com/_1IkMQf4n9z8/TQ...0/DSC00777.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TQ...2/DSC00781.JPG

[Vrooms]

THE WESTIN marina bay official webpage:http://www.starwoodhotels.com/westin...ropertyID=3624

[Vrooms]

By Wicak_15

Originally Posted by Wicak_15

Asia Square Progress (picture taken 3 days ago)

[Vrooms]

By Mith252

Originally Posted by Mith252

Hi guys. I took some pics today. Very little progress on Tower 2.


http://lh6.ggpht.com/_1IkMQf4n9z8/TR...0/DSC00817.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TR...2/DSC00818.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TR...2/DSC00819.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TR...0/DSC00820.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TR...2/DSC00828.JPG

http://lh4.ggpht.com/_1IkMQf4n9z8/TR...2/DSC00833.JPG

http://lh6.ggpht.com/_1IkMQf4n9z8/TR...0/DSC00871.JPG

[Vrooms]

By Mith252

Originally Posted by Mith252

Took some pics. More cladding have been added.


http://lh6.ggpht.com/_1IkMQf4n9z8/TR...2/DSC00951.JPG

http://lh3.ggpht.com/_1IkMQf4n9z8/TR...0/DSC00952.JPG

[redstone]

Is this the largest floor space per floor office building?