50 Collyer Quay development now 22% pre-committed

Allen & Overy LLP and Bain & Company SE Asia are among the initial tenants for 22% or 88,000 sq ft of Overseas Union Enterprise’s 50 Collyer Quay development.

The entire development will comprise a total gross floor area of 503,469 sq ft, net lettable area of 412,000 sq ft, and 245 car parking spaces on four basement levels, according to an Overseas Union Enterprise report.

The office tower floor plates will range up to some 30,500 sq ft, with two of the floors designated as trading floors. The company’s wholly-owned subsidiary, Clifford Development Pte Ltd, has pre-committed leases with several corporations including European bank Skandinaviska Enskilda Banken AB.

The report added that the former Overseas Union House is being redeveloped into a new Grade A 18-storey office tower; the iconic Change Alley Aerial Plaza Tower being conserved and the Change Alley Pedestrian Overhead Bridge being retrofitted to provide quick and sheltered link to the Raffles Place MRT station.

The conservation of the Change Alley Aerial Plaza Tower and the refurbishment of the Change Alley Pedestrian Overhead Bridge are targeted to complete simultaneously with the office tower in the first quarter of 2011.

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