Commercial & Industrial Property News Update

Singapore - One Raffles Place Unveils Tower Two

September 25, 2012

The new commercial building adds 360,000 sq ft of prime office space to the heart of Singapore's financial district.

Singapore's central business district has gained another tranche of high-end office space catered to the needs of world-leading firms in the form of One Raffles Place Tower Two.

Unveiled last Tuesday during an officiation ceremony, Tower Two adds 360,000 sq ft of prime Grade A office space to One Raffles Place, an office-cum-retail development which serves a roster of tenants comprising some of the world's leading corporations.

Standing at 38 levels, the new office tower brings the total office, retail and entertainment space offered by One Raffles Place to 860,000 sq ft.

The opening ceremony was attended by Singapore's Deputy Prime Minister and Minister for Finance, Tharman Shanmugaratnam. He was accompanied by more than 150 prominent guests from leading business and financial institutions as well as key government agencies.

"Since its opening more than two decades ago by Mr Lee Kuan Yew, One Raffles Place has been home to many leading companies from home and abroad."

"The opening of Tower Two reflects the confidence property developers see in Singapore's economy and the important role Raffles Place plays in our commercial centre," said Tharman.

Chairman of OUB Centre Limited, Wee Ee Cheong, said, "The opening of One Raffles Place Tower Two meets the growing demand for quality office space in Singapore's most established business district."

"Building on the legacy of Tower One, this new tower adds to Singapore's changing skyline and commercial prosperity."

A certified BCA Green Mark Platinum Development, Tower Two encompasses environmentally friendly features such as photovoltaic cells and rainwater harvesting, which will reduce impact on the environment, as well as enhanced security measures including 24-hour CCTV monitoring at all main entrances and exits, controlled by access cards. The development also features art pieces from world renowned artists in United Kingdom, Singapore, Japan and Italy.

Tower Two tenants range from professional services industries such as recruitment leader Michael Page International, to those in the media and finance industries.

It is designed by internationally renowned Japanese architect, Paul Noritaka Tange, son of Professor Kenzo Tange, who designed the first tower and UOB Plaza - two of the tallest buildings in Singapore.

Tange said that he is honoured to continue the legacy created by his father. "The new tower stays faithful to the proportion of the original tower. The diagonal planes of Tower Two are inspired by the spacing of the windows in Tower One, and this gives a consistent and lasting impression of both towers as a whole," he explained.

Tags: Commercial real estate, Business space, Office for lease

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