#Exclusive* Malaysia, Singapore PMs unveil design of JV building

KUALA LUMPUR (Feb 19): Prime Minister Datuk Seri Najib Razak and his Singapore counterpart Lee Hsien Loong today jointly unveiled the design of Marina One, an integrated development in the heart of Singapore's new financial district in Marina Bay.

The afternoon event today was part of the annual bilateral meeting between the two heads of government, according to a statement from M+S Ptd Ltd.

The event marked a vastly improved relationship between the present leaders of the two countries, which had suffered strained ties during the reign of Tun Dr Mahathir Mohamad for more than two decades.

Marina One is one of two projects undertaken by M+S Pte Ltd, a 60:40 investment company by Khazanah Nasional Bhd and Singapore’s Temasek Holdings Pte Ltd.

At the ceremony held at the Marina One show gallery, M+S chairman Tan Sri Azman Yahya introduced the development as a coveted business and lifestyle destination, given its strategic location in the Marina South district and its award-winning design by world renowned architect, Christoph Ingenhoven1.

Scheduled for completion in 2017, Marina One covers a gross floor area of 3.67 million square feet. It will comprise two towers of 1,042 luxury city residences, two office towers and a retail podium with shopping and lifestyle amenities.

Azman said:  “Marina One marks a brand new chapter in the Marina Bay masterplan. This momentous collaboration between Malaysia and Singapore will position Marina One on an unprecedented scale on the world map as a new financial centre attracting businesses.”

In November 2012, M+S unveiled another integrated development, DUO in Ophir-Rochor, Singapore.

“The successful unveiling of Marina One and DUO marks the significant progress made since the two Prime Ministers witnessed the exchange of the M+S shareholders' agreements in Putrajaya on 5 January 2012,” said the M+S statement.

Later today, the Prime Ministers are also scheduled to unveil the urban wellness and resort wellness developments in Medini Iskandar Malaysia.

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