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.
OUE Bayfront and adjoining OUE Tower and OUE Link
OUE has successfully transformed the former site of Overseas Union House into a premium commercial development comprising a prime Grade A office building, complemented by dining and entertainment as well as retail facilities at its ancilary properties, OUE Tower (the former Change Alley Aerial Plaza Tower) and OUE Link (the former Change Alley Linkbridge). Strategically located between the main financial hub Raffles Place and the new Marina Bay downtown, OUE Bayfront enjoys the best of both worlds by leveraging on the existing infrastructure and transport links of Raffles Place, while staying relevant to the new Marina Bay CBD extension. Awarded Green Mark Gold certification by Singapore's Building and Construction Authority ("BCA"), the 18-storey office building features spacious, column-free floor plates ranging from 26,000 sq ft to 30,000 sq ft over 14 floors. The OUE Bayfront's rooftop will also showcase a restaurant adopting a unique dining concept, an ideal venue for dining and entertainment.
One Raffles Place (This property is held through OUE's 50% shareholding interest in OUE Centre Limited, an associated company of OUE)
One Raffles Place, previously known as OUB centre, comprises of three interlinked buildings. It includes a 63-storey office Tower 1, 5-storey retail podium and newly completed a 38-storey Grade A office building Tower 2. The development is located in the heart of Raffles Place, on top of the busiest Raffles Place MRT station in Singapore.
The construction of 3 new floors on top of the existing office Tower 1 have been completed. The 61st and 62nd storey have been leased to a restaurant operator. The rooftop is currently the tallest viewing gallery in Singapore, where visitors can enjoy the 360-degree view of the entire city and beyond the Straits of Singapore.
Newly completed Tower 2 receives a Green Mark Platinum certification for its energy efficiency and environmentally susitanable design, awarded by the Building & Construction Authority (BCA). The office Tower 2 has drawn keen demand from international companies and professional firms, following the success of Tower 1.
6 Shenton Way Towers One and Two (Acquisition completed in the third quarter of 2010)
6 Shenton Way Towers One and Two is a prime office building located in Shenton Way, at the heart of Singapore's Central Business District. Designed with a 262-metre wide pedestrian street frontage, the longest frontage along the Shenton Way, the 49-storey Tower One and a 37-storey Tower Two, comprise a total gross floor area of approximately 1,239,641 sq ft.
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 over 100 fashion, lifestyle and food & beverage tenants - both international and local.
Since its soft opening in November 2009 and officially opened on 28 January 2010, 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.
In the residential sector, OUE has embarked on a luxury-tier development, having acquired the site in 2008. Located at 33 Leonie Hill Road-close to Orchard Road, this project will be redeveloped into a fully-furnished high-end condominium.
Launched in September 2010, the residential development with a total gross floor area of 436,172 sq ft (includes balcony) is expected to be completed by February 2015.