Shell Singapore to lease 100,234 sq ft across three floors at Asia Square Tower 1

Fiona Lam

/ EdgeProp Singapore

April 24, 2026 2:12 PM SGT

fiona.lam@edgeprop.sg

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Energy giant Shell said it is moving to the CBD office tower, from its current premises at Buona Vista, to be closer to customers and partners. (Photo: Albert Chua/The Edge Singapore)

Energy and petrochemical company Shell Singapore will relocate to Asia Square Tower 1 in the Marina Bay financial district, taking up about 100,234 sq ft across three floors of the Grade A office tower, in the first half of 2027.

This counts as one of the largest office leasing transactions in Singapore in 2026 thus far, said Hongkong Land in a press release on April 24.

Located at 8 Marina View, Asia Square Tower 1 is a 43-storey building owned and managed by the Singapore Central Private Real Estate Fund (SCPREF), which is managed by property development, investment and management group Hongkong Land.

Shell — which has a broad range of energy businesses including in LNG, fuels, mobility, lubricants and low-carbon solutions — said it is relocating there to be closer to its customers and partners.

The property will provide a high-performance workplace that integrates with smart technology and supports flexible and sustainable ways of working, the latest press release stated.

Aw Kah Peng, chairman of Shell Companies in Singapore, said the move, which reflects its confidence in Singapore’s role as a key hub for Shell’s global activities, will enhance collaboration across its teams and with external partners.

SCPREF chief executive Foo Pei Ting noted that Shell’s presence strengthens the blue-chip tenant base of Asia Square Tower 1 and underscores the appeal of the fund’s assets to multinational companies.

The energy company’s present office is at The Metropolis at Buona Vista in the Rest of Central Region or city fringe. In a March 4 statement, Shell had thanked its current landlord, Ho Bee Land, for the latter’s long-standing support and collaboration for over a decade.

The three floors it will be taking over at Asia Square Tower 1 has been occupied by Amazon since 2021, with the tech giant’s lease said to be expiring this July, The Business Times (BT) previously reported.

According to BT, the roughly 100,000 sq ft at the prime CBD location is also smaller than Shell’s current premises at The Metropolis, which reportedly spans about 150,000 sq ft to 160,000 sq ft.

SCPREF is Hongkong Land’s inaugural private real estate fund, launched in February with $8.2 billion in initial assets under management and with a focus on ultra-premium integrated commercial properties in Singapore.

Qatar Investment Authority, a key investor in the fund, had injected its 100% interest in Asia Square Tower 1 into SCPREF’s initial portfolio.

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