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.

Commercial

OUE Bayfront and adjoining properties comprising Change Allet Aerial Plaza Tower and Change Alley Linkbridge
The site at 50 Collyer Quay (including Change Alley Aerial Plaza Tower and Change Alley Linkbridge) is being redeveloped into office space, and will offer about 500,000 sq ft of gross floor area with floor plates ranging from 26,000 sq ft to 30,000 sq ft. It boasts a prime and prized location between Raffles Place and Marina Bay; and will feature distinctive architecture. When completed in the 1Q 2011, 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 (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 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.
The construction of 3 new floors on top of the existing office Tower 1 have been completed. The 61st and 62nd storey have beeb 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.
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.

DBS Building Towers One and Two (Acquisition completed in the third quarter of 2010)
DBS Building 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.

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 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.

Residential

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 436,167 sq ft is expected to be completed by February 2015.