Anchor tenants secured for Marina One

An artist's impression of the upcoming Marina One mixed development. Its developer, M+S, expects to get its Temporary Occupation Permit in 2017.
An artist's impression of the upcoming Marina One mixed development. Its developer, M+S, expects to get its Temporary Occupation Permit in 2017.PHOTO: M+S

The massive upcoming Marina One mixed development has won anchor tenants for its retail space years ahead of its likely opening.

The line-up includes gym chain Virgin Active, Cold Storage supermarket and foodcourt Cookhouse by Koufu, said developer M+S, which is 40 per cent owned by state investment firm Temasek Holdings and 60 per cent owned by Khazanah Nasional, Malaysia's sovereign wealth fund.

Marina One - comprising luxury homes, Grade A office space and shops - expects to get its Temporary Occupation Permit in 2017.

Other tenants include Japanese restaurant Teppei Syokudo, speciality coffee house Jewel, and 4 Fingers Crispy Chicken.

The Marina One store will be the South Korean fried chicken maker's first in the Central Business District. "Retailers moved quickly to secure spaces at Marina One. Our retail strategy will continue to focus on introducing new, refreshing lifestyle and retail experiences which appeal to a sophisticated and cosmopolitan audience," said Ms Kemmy Tan, the chief operating officer of M+S.

The company did not disclose its tenant take-up rate so far, saying only that Marina One's retail podium spans 140,000 sq ft of net lettable space, of which 26,000 sq ft will be occupied by Virgin Active.

The fitness club will be spread across two floors. It will include an indoor swimming lap pool, an indoor climbing wall, as well as salt, steam and ice rooms alongside yoga studios.

Cushman and Wakefield managing director Toby Dodd, who transacted the lease for Virgin Active, said: "We are seeing good demand from new and exciting retail brands seeking to establish themselves in the prime financial district of Marina Bay through a presence in Marina One."

Marissa Lee

A version of this article appeared in the print edition of The Straits Times on September 19, 2015, with the headline 'Anchor tenants secured for Marina One'. Print Edition | Subscribe