Open for business
Swire Properties' latest triple grade-A office project, One Island East, has received its occupation permit ahead of schedule. Swire says the completion of this development marks its continuing commitment to its Island East portfolio, which comprises 8 million sqft of integrated office accommodation in a premium business environment.
Stephan Spurr, director and general manager of Swire Properties, says, 'As always, we deliver on our promise to the market. This 70-storey, 1.5million sqft office development embodies not just the best in class specifications but has, despite all the challenges of achieving the same, been completed ahead of schedule. The first tranche of pre-committed space, comprising 14 floors of the building, will be handed over to tenants as contracted.'
Occupancy of One Island East already stands at 87 per cent and has attracted some of the most prestigious Fortune 500 companies, says Swire. 'Interest from the market is compelling coming from the broadest cross-section of business sectors, including financial, shipping, property, accountancy, insurance and trading to some of the world's notable consumer brand names.'
Swire says that major new arrivals from the finance sector include DBS Bank, JPMorgan, CLSA, Fidelity International and Convoy Financial which are also joined by Zurich Insurance Group, Aedas, The Marketing Store, Zim shipping, Ernst & Young, Shriro Pacific, Tiffany & Co, Club21 and Christian Dior.