Design of Marina One joint venture between Temasek and Khazanah unveiled

The prime ministers of Singapore and Malaysia unveiled the design of an upcoming joint venture project in the republic's central business district on Tuesday.

The Marina One development, a joint venture between Temasek Holdings and Khazanah Nasional, will be designed by Christoph Ingenhoven, an architect known for green and sustainable buildings, including Google's headquarters in Mountain View, California.

Tan Sri Azman Yahya chairman of M+S, the developer set up by Temasek and Khazanah, said: "We wanted a design which would be a convergence of the energy and vibrancy of the new central business district."

Singapore Prime Minister Lee Hsien Loong described Marina One as very important for both Singapore and Malaysia. He said it would be "an iconic project in our new business district for many more years to come".

Malaysian Prime Minister Najib Razak said: "We have a real winner in Marina One.... This is the beginning of a very exciting project."

The construction of Marina One is on track for an expected completion in 2017, after ground was broken on the site last year.

The development has a gross development value of $7 billion and will have 341,000 sq m of gross floor area.

It will feature a mixture of office, residential and retail space.

It is one of two projects, the other being DUO at Ophir-Rochor, that came about from the land swop agreement between Singapore and Malaysia.