An official statement from DBS on the subject made clear its intention to buy equity in Central Boulevard Development Pte to own a significant stake in the Marina Bay Financial Centre (MBFC) Tower 3 building in central Singapore.
MBFC Tower 3 is a new 46-storey international Grade A office development that opened in March 2012 and is among the most high-profile recent additions to the Singapore skyline. DBS Bank is the building’s anchor tenant and occupies 600,000 sq ft of offices across 18 floors.
In addition to traditional office space work environments, the bank has its flagship branch and several customer-facing units based on the site. According to the company, the fit-out effort that created the DBS operating base was among the largest ever undertaken in Singapore.
“We set out to create a conducive and collaborative workplace of the future for our employees who have been instrumental to DBS’ progress,” explained DBS Bank’s chief executive Piyush Gupta. “The decision to acquire a stake in our new headquarters in MBFC Tower 3 enables us to better manage our occupancy costs in the long-term.”
Marina Bay is home to some of the most desirable office space in Southeast Asia and many of the largest financial services companies in the world. DBS’ relocation to its MBFC Tower 3 offices was completed in October 2012 and has been described by the firm as a major milestone in a regional strategic occupancy plan it drew up and revealed in 2007.
Editor’s notes: In August 2024, DBS Bank listed Marina Bay Financial Centre Tower 3 as its Singapore office address on its website.
Regus at MBFC also provides flexible office and workspace solutions, such as private serviced offices, custom-managed offices, and coworking spaces.