Marina One secures pre-commitments for over 550,000 sq ft of office space

M+S celebrated the topping out of its flagship integrated development Marina One on June 20. It also provided an update on the take up rate of its office space, retail space and sales of its residential development. M+S has secured pre-commitment for over 550,000 sq ft out of its total office space of 1.88 million sq ft. The pre-commitment includes signed leases and those under documentation.
As for Marina One Residences, M+S says it has sold over 90% of the 401 units released for sale since its launch in 2014. It will release new residential units for sale after the development received its temporary occupation permit (TOP) in 2017. It has also managed to secure Virgin Active, Cold Storage supermarket and Cookhouse by Koufu for its retail component.
Marina One is a 3.67 million sq ft development comprising two prime Grade A offices towers, Marina One East and West, 1,042 residential homes and a 140,000 sq ft retail podium. The development also features a 65,000 sq ft biodiversity garden referred to as the Green Heart where specially curated fine art sculptures and exhibits by selected Malaysian and Singaporean artists will be showcased.
Marina One East and West office towers has been awarded the Green Mark Platinum and LEED Platinum Pre-Certified office space and has a gross floor area of 1.88 million sq ft. The development offers two 100,000 sq ft floorplates of contiguous office space on levels 28 and 29, while the sizes of the remaining floorplates range from 34,000 to 40,000 sq ft.
M+S is a joint venture between Malaysia’s Khazanah Nasional and Singapore’s Temasek Holdings.