Inspiring Leadership Summit 2014 Ocean Financial Centre 19 May 2014

of 30
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Information Report



Views: 55 | Pages: 30

Extension: PDF | Download: 0

Inspiring Leadership Summit 2014 Ocean Financial Centre 19 May 2014. 1. Prime Location in the Heart of CBD. OFC. Downtown. Bayfront. 4 th Generation Building on Site. The site occupied by OFC has 999-year lease term commencing from 22 June 1862 Site has been redeveloped 4 times:. 1864
Inspiring Leadership Summit 2014Ocean Financial Centre19 May 20141PrimeLocation in the Heart of CBDOFCDowntownBayfront4th Generation Building on Site
  • The site occupied by OFC has 999-year lease term commencing from 22 June 1862
  • Site has been redeveloped 4 times:
  • 18641st Generation Ocean Building19232nd Generation Ocean Building19743rd Generation Ocean Building20114th Generation Ocean Financial Centre1992Ocean Towers addedIssues Facing Ocean Building/Ocean Towers (c.2007)
  • 1) Aging buildings (OB completed in 1974, OT 1992) and inability to compete with new buildings
  • Low net lettable area efficiency (OT 69%, OB 75%)
  • Irregular / small floor plates
  • Obsolete plant & equipment; need to incur $25m capex to refurbish OT
  • Difficult to attract blue-chip tenants; may lose some anchor tenants to newer buildings (e.g. EY moved to One Raffles Quay)
  • 2) Coincided with Global Financial Crisis
  • Capital rationing
  • Loan availability
  • Maintain profit / income
  • Ocean Building (OB)Ocean Towers (OT)Raffles Place MRTBefore redevelopment into Ocean Financial CentreOptions & Long-Term Solutions
  • Long Term Solutions
  • Redevelop Ocean Building/Ocean Tower into a premier Grade A office building
  • Engage world-renowned architect, César Pelli, to design the new iconic Ocean Financial Centre
  • Participate in URA’s Art & Lighting Incentive Schemes to increase the GFA by up to 4%
  • Utilize additional GFA of 15% due to proximity to Raffles Place MRT Station
  • Maximize total GFA to 1 million sf and building height to 245m (43-storey)
  • Unveiling the Ocean Financial Centre design in Oct 2007
  • Options Considered
  • Redevelop or refurbish?
  • Highest and best use?
  • Include or exclude Ocean Towers for total / partial redevelopment?
  • StrategyInnovative Development PlanStage 1 Transfer existing tenants at Ocean Building to Ocean TowersStage 2 Demolish Ocean BuildingStage 3 Construct Ocean Financial CentreStage 4 Transfer existing tenants at Ocean Towers to Ocean Financial CentreStage 5 Demolish Ocean TowersStage 6 Construct car park podiumOFC
  • Key Benefits
  • Retain anchor tenants for Ocean Financial Centre(Drew & Napier, DMG, Verizon, iFast, etc. took up 220,000 sf or 25% of space in new building)
  • Continue to enjoy rental income from Ocean Towers during construction of Ocean Financial Centre
  • Shorten the development time frame
  • Capture the demand from upturn of market
  • OBOTCarparkPodiumRetailKey Challenges
  • Securing approvals from authorities for simultaneous use of GFA for OT & OFC during reconstruction
  • Tight & congested site
  • Large floor plates of new building overlap into existing OT
  • Existing separate foundations for OB & OT impose structural constraints
  • Building is on top of Raffles Place MRT station
  • Operation of OT & OFC at different stages requires careful planning and management (eg. handling of tenant complaints)
  • Façade inclines at 1.5°OFC under constructionOT carpark demolished in Phase 2Raft foundations of two existing basements stitched together and thickened by 3 to 4m to support the taller and heavier OFC OFC overlapping into existing OTOcean Financial Centre
  • A New Landmark at Raffles Place
  • Completed the iconic Ocean Financial Centre in Apr 2011
  • 43-storey with 885,000 sf NLA
  • ~80% pre-committed to blue-chip tenants before completion
  • (current occupancy: 99.1% as at Mar 2014)
  • Ocean Financial CentreComparison of Ocean Financial Centre & Ocean Building / Ocean Towers
  • Divestment to Keppel REIT for 99-year period
  • Divestment generated a total gain of $877 million in 2011
  • Contributed 64% of KLL record net profit of $1.37 billion in 2011
  • Green Features atOcean Financial CentreSummary of Key Green FeaturesOVERALLENERGY SAVINGS35.1%REDUCTIONIN CO2 EMISSION4,542tonnes / yearWATERSAVINGS42,249 m3 / yearENERGYSAVINGS9,084,956 kWh / yearETTV42.76 W / m2AIR CONSYSTEMEFFICIENCY0.662 kW / tonneEEI175kWh / m2 / yearRoof-Top Solar PanelsLargest PV cell area in office buildings: 400 sqmHybrid Chilled Water SystemOnly Office Building in Singapore to use Hybrid Chilled Water SystemDistrict Cooling Supply (DCS)Hybrid In-house Chiller SupplyEnergy savings: 3.58 million kWh/yearCentralised Paper Recycling
  • Promotes conservation habit
  • Up to 334 tonnes of waste paper per year
  • 5,685 trees being saved per year
  • Green Savings and BenefitsEnergy Savings: 9.08 million kWh per yearequivalent to powering 1600 homes in a yearWater Savings:42,249 m3 per yearequivalent to 17 Olympic sized swimming poolOperations Cost Savings:$2.63 million per yearCarbon Reduction:4,542 tonnes per yearequivalent to 22,000 trees saved annuallyBlueChip TenantsSkyrise Greeningat Ocean Financial CentreRoof Garden at old Ocean Building (1974 – 2007)transplanted to Keppel TowerSky Gardens
  • 4 terraces of Sky Gardens
  • Levels 39, 41, 42 & 43
  • Total Green Plot Area: : 15,587 sqm
  • Reduces building heat gain
  • Energy consumption lowered
  • Sky GardensLevel 41Level 39Level 42Level 43What’s Unique about our Green Wall?
  • 1st to implement Vertical Greenery
  • screening for Carparks in CBD
  • “Au Natural” filtration system for
  • vehicular emissions
  • “3D-enhanced” Greenwall
  • Proprietary “Lift, Tilt, Lock” pots
  • system for enhanced safety
  • 1-to-1 exact pot identification for
  • the whole wall of 57,000 pots
  • Digital “Pixelation” ability
  • Fully automated 2-in-1 Irrigation
  • and Fertilizer System
  • Efficient LED night lighting
  • Green Wall Information 2years of design & planning Accelerated 15weeks of installation18,500Man-hours to complete25 species of plantsTotal area: 2,125sqmTotal pots: 56,968Green Wall Lighting “Cities at Night” lighting effect - EveningA New World Record!13th September 2013
  • World’s Largest Vertical Garden
  • Total Length – 110 mTotal Height – 19 mTotal species of plants – 25Total planting pots – 56,968Total verified area – 2,125 sqm (8 tennis court)Safety Awards
  • Keppel Group Safety Innovation Award
  • 2011 – Keppel Group Safety Innovation Award – Gold – Automatic Dust Trapper Mist Spray
  • 2012 – Keppel Group Safety Innovation Award – Bronze – Customizable Safety Hatch Cover for openings
  • 2013 – Keppel Group Safety Innovation Award – Gold – Tower Crane Proximity Sensors
  • MOM Workplace Safety & Health Award
  • 2011 – Ministry of Manpower Workplace Safety and Health – Performance Award for OFC
  • 2012 – Ministry of Manpower Workplace Safety and Health – Developer’s Award for OFC
  • 2013 – Ministry of Manpower Workplace Safety and Health – Performance Award for OFC
  • Urban Planning at Ocean Financial CentreCovered Plaza Opening Out to Raffles Place GreenFormer Ocean Towers’ Lobby fonting Raffles Place GreenNew Entrance Plaza Retail Annex & Direct Connection to MRT Station Retail annex along underground pedestrian network linking OFC directly to Raffles Place Interchange MRT StationArt in Ocean Financial CentreTall Tree In The EyeArtist: AnishKapoorSingapore SoulArtist: JaumePlensaSchool of FishArtist: Jane CowieAwards & Accolades
  • 1stBCA Green Mark Platinum awarded for high-rise office building in Singapore’s Central Business District (2008)
  • 1sthigh-rise office development in South East Asia to be conferred with LEED Platinum Pre-Certification, Core & Shell (2009)
  • Best Developer – Green Development (Future) Award (2009)
  • Cityscape Asia Real Estate Awards
  • Best Green Development Award (2011)
  • South East Asia Property Awards
  • World’s Best Commercial High Rise Development (2012)
  • International Property Awards
  • World’s Largest Vertical Green Wall (2013)
  • Guinness World Record Thank You30
    We Need Your Support
    Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

    Thanks to everyone for your continued support.

    No, Thanks

    We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

    More details...

    Sign Now!

    We are very appreciated for your Prompt Action!