THE REEF DEVELOPER
The Reef Developer – Keppel Land
The Reef Developer, Keppel Land, is a subsidiary wholly owned by Keppel Corporation. Founded in 1968, Keppel Corporation rose from humble beginnings from a small ship repair yard and grew to its present day’s stature. Ranked as one of the largest multi-business companies in Singapore, its current business is built upon 4 core pillars which include energy and environment, urban development, connectivity, and asset management.
As a group, The Reef Developer posted consolidated revenue of Singapore Dollars $7.6 billion in 2019 with a net profit of $707 million and total net assets of $11.6 billion. The biggest shareholder is Temasek Holdings Private Limited which owns over 20% of the company. As of 30 September 2020, Keppel Land holds a huge reserve of land for an estimated 44,000 homes and a gross floor area of 1.7 million square feet for commercial development across Singapore and various countries in Asia.
The corporate mission of The Reef Developer is to lead new cityscapes into the new era of sustainable urbanization. Keppel Land has been making steady progress in pursuing its sustainability goals across its portfolio of residential projects, offices, commercial space, malls, as well as integrated developments. One of its key milestones in 2020 was the enablement of its headquarters, Keppel Bay Tower, to be fully powered by renewable energy. This is the first commercial building in Singapore to attain this level of sustainability achievement.
As a real estate developer, The Reef Developer is well known for 2 large-scale developments that have significantly contributed to the real estate landscape in southern Singapore namely the Keppel Bay waterfront precinct and Marina Bay Financial Centre.
Seated on a historical landmark, Keppel Harbour was transformed from a ship repair yard area into Singapore’s acclaimed waterfront, Keppel Bay. It is strategically located minutes from Central Business District and forms an integral part of the lively waterfront city in the southern coastline of Singapore which includes renowned attractions such as Resorts World Sentosa integrated resort, Universal Studios Singapore, and VivoCity mega mall.
Over the years, The Reef Developer has dramatically shaped the seafront landscape of the southern coastline with 3 beautiful luxury residences which include the award-winning residences of Reflections and Caribbean at Keppel Bay, as well as Corals at Keppel Bay. When the development of the precinct is completed, Keppel Land will realize its vision of having 3,000 quality residences at Keppel Bay.
In addition to Keppel Bay, Keppel Land is renowned for its award-winning development of the Marina Bay Financial Centre. Recipient of the prestigious Green Mark Platinum Award by the Building and Construction Authority of Singapore, this integrated development comprises 3 Grade A office towers which offer over 3 million square feet of premium office space and the availability of large column-free floor plates. Conveniently located in the Downtown Marina area, the Marina Bay Financial Centre is linked via an underground pedestrian network to both Downtown and Raffles Place MRT stations and nearby buildings.
In addition to large-scale integrated development, The Reef Developer has built many homes in Singapore over the decades. These developments include Marina Bay Residences and Marina Bay Suites in the Central Business District, Pebble Bay at Tanjong Rhu along the Kallang River, Madison Residences in District 10 and the list goes on.
The Reef Developer – Mapletree
Established in 2000, The Reef Developer – Mapletree Investments, was founded to hold the non-port properties transferred from PSA to Temasek Holdings. One of its first major projects was to rejuvenate the old Maritime Square on the southern coast of Singapore and to transform it into a vibrant waterfront precinct. One of the first steps was to revamp the old World Trade Centre. In 2003, the old World Trade Centre was given a new lease of life with a new name, HarbourFront Centre. In 2006, Mapletree launched a mega retail mall, VivoCity, next to HarbourFront Centre with over 1 million square feet of retail space. Considered one of the largest shopping malls in Asia, VivoCity provides comprehensive amenities to both tourists and residents living nearby.
In addition to developing retail malls, The Reef Developer undertook a business park development in 2008. Mapletree Business City I and II are located along Pasir Panjang Road in the Alexandra precinct. With a gross floor area of 309,052 square meters and a net lettable area of 268,665 square meters, Mapletree Business City is one of the largest integrated developments in Singapore.
Both Mapletree Business City I & II consist of 1 office tower, 7 business park blocks and a retail F&B cluster, and a total area of approximately 2.9 million square feet. Some of the unique features of the Mapletree Business City include a campus styled work environment, flexibility to configure the area required with column-free floor plates, quality finishing, and advanced building management systems. With these key attributes, Mapletree is able to meet the different needs of its corporate tenants.
In addition, the award-winning Mapletree Business City is well connected to buses, MRT networks, and even expressways. By providing comprehensive facilities and services, Mapletree is able to promote the concept of ‘work and play’ within the Business City. Besides facilities, the large configurable floor area also encourages companies to house all their operations in one location. These facilities include meeting places, gym, swimming pool, convenience store, childcare center, clinic, and even a laundromat. Furthermore, there are ample public spaces, lush greenery, and beautiful landscapes to make the work environment comfortable and relaxing.
Besides Singapore, The Reef Developer has offices in many countries such as Australia, China, Hong Kong, India, Japan, Malaysia, Poland, South Korea, the Netherlands, the UK, the US, and Vietnam.
As of 31 March 2020, The Reef Developer owns and manages S$60.5 billion worth of properties which include office, retail, logistics, industrial and residential. In addition, Mapletree also manages both Singapore real estate investment trusts and private equity real estate funds, which hold a diverse portfolio of assets in many nations.