Financial News - 13 APR 2010: DBS signs up to be major tenant at MBFC Tower 3

DBS signs up to be major tenant at Marina Bay Financial Centre Tower 3. See news.


Key Points

• DBS will occupy more than half the available office space (700,000 square feet out of 1.3 million square feet).
• Tower 3 is 55 per cent pre-committed at the moment.
• Tower 3 is slated to receive its Temporary Occupation Permit by the second quarter of 2012.     

Author's Note
Previously it was reported that phase one of MBFC, which include Towers 1 and 2, has been fully leased. See Financial News - 7 APR 2010: Keppel Land - MBFC phase one fully leased.


More Information about MBFC at www.mbfc.com.sg.

Financial News - 7 APR 2010: Keppel Land - MBFC phase one fully leased

Keppel Land: Marina Bay Financial Centre (MBFC) phase one fully leased ahead of completion. See report.

Key Points

• Barclays Capital, the investment banking division of Barclays Bank PLC, is leasing an additional ten floors at MBFC.
• Prudential Asset Management (Singapore) Limited has signed on to lease approximately 37,000 sq ft of space in MBFC’s Tower Two.
• MBFC Tower Two is now fully leased except for a small percentage of space reserved for existing tenants’ expansion.
• MBFC Commercial Tower One has attained the TOP in March, with Marina Bay Residences attaining TOP within the next two weeks. MBFC Commercial Tower Two will have its topping out ceremony on 13 April 2010 and its TOP expected in Q3.

Author's Note
Marina Bay Financial Centre is a partnership of three of Asia’s major developers – Cheung Kong, Hongkong Land and Keppel Land. The full development will consist of three office towers and two residential towers. Phase one includes two office towers (Tower One and Tower Two) and the residential tower, Marina Bay Residences.

More Information about MBFC at www.mbfc.com.sg.

Stock Target Price - Updated TP for Keppel Land

Updated target price of Keppel Land by DMG.

Latest updates at Stock Target Price.

Financial News - 5 APR 2010: Dates for Keppel Group's First Quarter 2010 Financial Results

Dates for Keppel Group's First Quarter 2010 Financial Results. See report.

Date of Result Release:

• K-Reit Asia on 19 Apr 2010
• Keppel Land on 20 Apr 2010
• Keppel Corporation on 22 Apr 2010

Stock Target Price - KIM ENG raises TP of Keppel Corp

Updated target price of Keppel Corp by KIM ENG.
Maintains Buy, TP up from S$10.80 to S$11.07.

Raises sum‐of‐the‐parts target price mainly on the back of higher average selling price assumptions for its Keppel Bay  projects.

Latest updates at Stock Target Price.