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regus group takes space in new singapore tower

1 Jun 12

Regus, the serviced office accommodation provider whose facilities are often used by small financial services companies, such as advisory firms, for satellite offices and start-ups, has taken 16,000sq ft of space in the third and final office tower to be built and, as of a few weeks ago, occupied as part of a major new mixed use development in Singapore.

Regus, the serviced office accommodation provider whose facilities are often used by small financial services companies, such as advisory firms, for satellite offices and start-ups, has taken 16,000sq ft of space in the third and final office tower to be built and, as of a few weeks ago, occupied as part of a major new mixed use development in Singapore.

As with its other facilities in major cities around the world, Regis’s new space will offer tenants fully-furnished, equipped and staffed offices, along with other facilities, according to representatives for the Marina Bay Financial Centre, as the 3.55 hectare waterfront development is known.

A company with a similar business model to that of Regis, Servcorp, is already open for business in Tower 2, next door to MBFC Tower 3.
DBS is the anchor tenant in Tower 3, which is 46 storeys high, according to Warren Bishop, chief executive officer for Raffles Quay Asset Management, the complex’s manager. Out of 1.3m sq ft of leasable space, approximately 800,000sq ft have been spoken for, Bishop said.

Other tenants in Tower 3, he said, include Ashurst LLP, Clifford Chance, Fitness First, and Rio Tinto.

Clifford Chance, a major international law firm with roots in London, was one of the first non-Singaporean law firms to be granted a licence to practice Singaporean law since the government there recently began making it easier for foreign firms to merge with local ones, and for foreign QCs to appear in Singapore courts.

 

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.