ENHANCING SINGAPORE’S SKYLINE
CDL capped the year with the topping out of South Beach,
a mega mixed-use development on Beach Road, which is jointly
developed with Malaysia’s IOI Group.
Designed by world-renowned architectural firm Foster +
Partners, South Beach’s visionary and stunning architectural
concept seamlessly blends four historic buildings with two
new 45- and 34-storey towers. Comprising 500,000 square
feet (sq ft) of Grade A office space, 190 luxury residences,
a 654-room designer hotel, around 37,000 sq ft of retail space
and an approximately 29,000 sq ft club, the development is
on track to complete progressively in 2015.
With resilient demand for Grade A office space but limited
supply in the near-term, leasing activities for South Beach has
been healthy. As of February 2015, South Beach Consortium
has secured 80% of the leases for the 34-storey North Tower,
including anchor tenant Facebook Singapore Pte Ltd. South
Beach is well positioned to be a definitive architectural icon in
Singapore for years to come.