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Suntec City
"A City within a City"
Suntec City is a landmark property strategically located in the Central Business District of Singapore. It is also Singapore's single largest integrated office, retail and exhibition / convention complex, totaling some 5 million sq feet.
Suntec REIT owns Suntec City Mall and Suntec City Office Towers, which form part of Suntec City. |
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Suntec City Mall
Suntec City Mall is one of the largest shopping malls in Singapore. It is a one-stop shopping, fashion, dining, recreation and entertainment destination that is strategically integrated with the world-class Suntec Singapore International Convention and Exhibition Centre and interlinked to the five office towers. It attracts about 24 million visitors a year and enjoys a large catchment of tourists and business travelers from the eight five-star hotels nearby, as well as a daily working population of approximately 15,000 in Suntec City.
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Comprising 814,285 sq ft of net lettable retail space with more than 400 retail outlets, Suntec City Mall is segmented into four thematic mall zones namely Galleria, the Tropics, the Fountain Terrace and the Entertainment Centre, each offering a variety of goods and services to appeal to the different market segments. In addition, there are five specialty zones, namely Happy Kidz, Tasty Treatz, e-life@Suntec, MY.PLAYGround and the new fashion zone at Galleria, which target the various customer profiles and provide greater appeal to shoppers with a wider range of brands and shopping ambience.
Suntec City Office Towers
Suntec City Office Towers comprises four 45-storey office towers and one 18-storey office tower; all of which are Grade-A intelligent office buildings with commanding views of the CBD, Marina Bay and the sea. Each is served by high-speed lifts and offers column-free space and intelligent building management systems.
With quality buildings fronting the Marina Bay skyline and complemented by a wealth of amenities from the integrated shopping mall, Suntec City Offices draw a good stream of multinational firms from a diverse range of sectors, such as Banking, Insurance and Financial Services, Technology, Services and Consultancy, Trading, Shipping and Freight Forwarding. Suntec City Office Towers is home to multinational corporations and prominent local companies, with more than 120 tenants as at 30 September 2007.
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Competitive Strengths of the Properties
The "Suntec" brand name is
recognized
domestically and internationally. Awards won over the years by the Properties included two FIABCI Prix d' Excellence awards for excellence in all aspects of real estate development (Overall winner and Commercial / Retail winner) in 1999 and the "Outstanding Contribution to Tourism" award in 1998 from Singapore Tourism Board. With economies of scale, the Properties benefit from cost efficiencies on shared promotion, maintenance, and other overhead costs. |
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The Manager is of the opinion that the Properties enjoy the following competitive strengths:
• Strategic and prime location
- Located in the Singapore Central Business District's Marina Centre area.
- Well served by transport facilities, including access to City Hall MRT Interchange.
- Will be further enhanced when directly served by two MRT stations in 2010.
- Significant opportunities to increase rental yields.
• Large immediate catchment
- Tourists and business travellers staying
in 8 hotels within walking distance.
- Over two million participants from events at nearby convention centre.
- Approximately two million visitors monthly.
- Approximately 15,000 office workers daily.
• Strong branding of the "Suntec" name and Fountain of Wealth
- Recognized domestically and internationally.
- Fountain of Wealth attracts half a million visitors a year.
• Economies of scale and scope
- Cost efficiencies on shared promotion and maintenance expenditure.
- Scope to provide large variety of attractions within the Properties.
• Quality tenant base
- Foreign institutions, prominent local corporations and multinational companies.
- Enhanced stability of rental income.
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• Quality properties with excellent technology infrastructure
- Includes 1999 FIABCI Prix d' Excellence awards (Overall winner and Commercial / Retail winner).
- Partnerships and alliances with technology and telecommunications companies provide strong technology infrastructure support.
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