SINGHAIYI Group and its joint venture partners - Suntec Reit's manager ARA Trust Management and Haiyi Holdings - have secured UBS Singapore as its anchor office tenant for their commercial development at 9 Penang Road.
UBS Singapore plans to move to the 10-storey Grade A office building in the second half of 2020. It will take up 381,000 square feet of net lettable area, spanning eight levels across two towers. The new building is located near Singapore's prime shopping belt Orchard Road and Dhoby Ghaut MRT station. It also has 15,000 sq ft of retail space, and an extended 99 years leasehold which will expire on Dec 7, 2115.
UBS has close to 4,000 employees in Singapore across its businesses, and the new premises will also be home to UBS University, which provides training and development programmes for its staff across the region.
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