Asia Square
| Company type | Mixed-use development |
|---|---|
| Industry | Real estate, Commercial property |
| Founded | November 8, 2011 |
| Headquarters | Singapore , Singapore |
| Products | Office spaces, Retail spaces, Hotel (The Westin Singapore) |
Asia Square is a mixed-use development comprising retail and office spaces situated along Marina View in Marina Bay, Singapore, a rapidly growing centre for business and finance. The complex provides of office facilities, houses more than 30 food and entertainment outlets, and contains the largest fitness centre within the Central Business District.
As Singapore's inaugural commercial project to incorporate a business hotel, Asia Square includes The Westin Singapore in Tower 2. The two towers are connected by a landscaped public space known as The Cube.
This development features several pedestrian linkways to adjacent buildings and offers direct access to Shenton Way MRT through an exit at ground level. Additionally, a skybridge links Asia Square with IOI Central Boulevard Towers.
History
Asia Square Tower 1, which rises 43 storeys, was officially inaugurated on 8 November 2011 by Emeritus Senior Minister Goh Chok Tong. The ninth floor accommodates the Honorary Consulate of Slovenia. Tower 2, consisting of 46 floors, commenced operations on 19 November 2013.
Proposed acquisition of Asia Square Tower 1
On 14 October 2015, CapitaLand together with a consortium including Norway’s sovereign wealth fund were named as preferred bidders for Asia Square Tower 1. Nonetheless, CapitaLand exited the negotiation process on 4 November 2015. BlackRock Real Estate revealed it was continuing discussions with alternative interested parties. Subsequently, on 6 June 2016, Qatar Investment Authority finalized the acquisition of the property for S$3.4 billion.
Tenants
Citi serves as the primary tenant in Asia Square Tower 1, housing its Asia Pacific headquarters, Singapore regional office, and Private Bank division, with rights to display external signage. Other occupants include New State Corporation, CTBC Bank, China Citic Bank International, Julius Baer, China Fortune Land Development’s global headquarters, Swiss National Bank, Bank Sarasin, Lloyd’s of London, Marsh & McLennan, White & Case, Booz Allen Hamilton, Royal Bank of Canada, Fidelity Investments, and Sinochem. Regus manages a business centre on the seventh floor. A fitness brand from Hong Kong occupies the entire sixth floor (32,000 sqft), reportedly the largest gym facility in Singapore.
Tenants in Asia Square Tower 2 comprise Mizuho Financial Group, Allianz, Westpac, Bank Mandiri, JustCo, Mercuria Energy Trading, National Australia Bank, Nikko Asset Management, Edrington, Platinum Equity Advisors, The Work Project, Pepper Global, Russell Reynolds Associates, and Swiss Re.
Environmental sustainable design
Asia Square boasts the largest rooftop solar panel array in Singapore and is home to the first bio-diesel power generation facility within a CBD commercial building. It has achieved LEED Core and Shell (LEED-CS) Platinum certification from the US Green Building Council as well as the Green Mark Platinum Award from Singapore’s Building and Construction Authority, ranking it among Asia’s most environmentally sustainable office developments.