Corporate Information

OPERATING DIVISIONS: Portfolio Highlights

Our current retail, commercial and residential properties provide a foundation on which to build. There is stronger focus on development with the primary aim of further unlocking and enhancing shareholder value.

And we have already embarked on this path.

Retail

Mandarin Gallery, which underwent a year of extensive renovation from June 2008 to November 2009, now has returned to the heart of Singapore's very own fashion runway on Orchard with a $200 million facelift.  It offers a vibrant mix of 103 fashion, lifestyle and food & beverage tenants - both international and local. 

Since its soft opening in November 2009, the Group has rolled marketing and promotional activities to continuously reward and engage both target and general customers who shop in the mall.  These activities will continue to position Mandarin Gallery as the icon of prestigious shopping and lifestyle.

Commercial

50 Collyer Quay (including Change Alley Aerial Plaza)
The site at 50 Collyer Quay (including Change Alley Aerial Plaza) is being redeveloped into office space, and will offers 394,253 sq ft of prime lettable area with floor plates ranging from 19,396 sq ft to 30,284 sq ft. It boasts a prime and prized location between Raffles Place and Marina Bay; and will feature distinctive architecture. When completed in the 4Q 2010, the new development will further enhance OUE’s reputation as a premium property developer, thus allowing us to take advantage of premium office rentals in Singapore.

One Raffles Place (81.54% is owned by OUE Centre Limited, an associated company of OUE)
One Raffles Place, previously known as OUB centre, comprises of three interlinked buildings.  It includes a 62-storey office Tower 1, 5-storey retail podium and an upcoming 38-storey office Tower 2.  The development is located in the heart of Raffles Place, on top of the busiest Raffles Place MRT station in Singapore.  The development is a magnet for prolific businesses whom ranks and quality service highly.
By 3rd quarter 2010, construction of 3 new floors on top of the existing office Tower 1 would have been completed. The 61st and 62nd storey will be operated as a restaurant, and the rooftop will be the tallest viewing gallery in Singapore, where visitors can enjoy the 360-degree view of the entire city and beyond the Straits of Singapore.
The up and coming 38-storey office Tower 2 with one level of basement which offers 390,000 sq ft of office space will be completed by the 4th quarter 2011.  Pre-leasing activities to this high quality and environmentally friendly office tower is underway.

Residential

In the residential sector, OUE has embarked on a luxury-tier development, having acquired the site in 2008. Situated in the vicinity of the Grange Road area, this project will be redeveloped into a high-end condominium.

We are considering launching the project in 2010 when the market conditions become favourable. Additional revenue is being obtained through the rental of existing apartments at 33 Leonie Hill Road.