Bayer, Winterthur Life to move into 101 Tower in April
2005/3/9
By Jason Tan The China Post
Bayer Taiwan and Winterthur Life will join the list of first-batch tenants to move into Taiwan 101 Tower in April.
Bayer is a German enterprise focusing on healthcare, nutrition and high-tech materials, whereas Winterthur Life is the sole Swiss life insurance company on the island.
The other new tenants to move in later include Cosmos Bank, Fulland Securities, Royal Gold as well as the earlier announced Taiwan Stock Exchange Corp.
According to Taipei Financial Center Corp (TFCC), the land developer of Taipei 101, the other undisclosed lessees also consist of a Japanese car company, a jewelry company, a cosmetics outfit, as well as international consulting, trading and asset management firms.
TFCC said that the leasing is on schedule since it obtained the occupancy permit in last November. The confirmed occupancy rate currently stands at over 30 percent based on the office space rented out.
The other 30 percent is now under negotiations as over 10 firms are considering of residing at Taipei 101 Tower.
"I am confident that we can achieve 60 to 70 percent of occupancy rate by the end of this year," claimed Horace Lin, president of TFCC, in a media briefing yesterday.
Multinational corporations (MNCs), he said, are the initial leasing targets as these enterprises will beef up the image and popularity of Taipei 101 Tower.
It aims to lease up to 95 percent of office space by the end of next year, with 60 percent of MNCs and 40 percent of local corporations as main occupants.
Lin said that discounted rates will be offered to the first-batch firms, and the rent will be increased 10 to 15 percent this year for new tenants.
It is said that the current rent is over NT$2,000 per ping a month at Taipei 101 Tower.
According to Calvin Wang, country head of Jones Lang LaSalle, the lead leasing agent of Taipei 101 Tower, the supply of office buildings in Taipei will be mainly concentrate in Xinyi District over the next two years with rents expected to hike 10 percent in 2005.
Demand is consistently growing as companies want to move into newer buildings with enhanced facilities, security and services, Wang said, claiming that he is very optimistic of the tenancy rate of Taipei 101 Tower.
Meanwhile, TFCC said that it is now in search of restaurant operators for the top floors located at level 85, 86 and 88. These floors occupy a total space of 2,700 pings, and offer spectacular views for diners.
Cathy Yang, assistant vice president of TFCC, said that it has contacted 85 restaurant operators to date.
It will select eight outlets in total, with one to two international operators.
The outlets will provide diners with a selection of Chinese, Western, Japanese and Thai cuisines, as well as fusion and dining bar.
By Jason Tan The China Post
Bayer Taiwan and Winterthur Life will join the list of first-batch tenants to move into Taiwan 101 Tower in April.
Bayer is a German enterprise focusing on healthcare, nutrition and high-tech materials, whereas Winterthur Life is the sole Swiss life insurance company on the island.
The other new tenants to move in later include Cosmos Bank, Fulland Securities, Royal Gold as well as the earlier announced Taiwan Stock Exchange Corp.
According to Taipei Financial Center Corp (TFCC), the land developer of Taipei 101, the other undisclosed lessees also consist of a Japanese car company, a jewelry company, a cosmetics outfit, as well as international consulting, trading and asset management firms.
TFCC said that the leasing is on schedule since it obtained the occupancy permit in last November. The confirmed occupancy rate currently stands at over 30 percent based on the office space rented out.
The other 30 percent is now under negotiations as over 10 firms are considering of residing at Taipei 101 Tower.
"I am confident that we can achieve 60 to 70 percent of occupancy rate by the end of this year," claimed Horace Lin, president of TFCC, in a media briefing yesterday.
Multinational corporations (MNCs), he said, are the initial leasing targets as these enterprises will beef up the image and popularity of Taipei 101 Tower.
It aims to lease up to 95 percent of office space by the end of next year, with 60 percent of MNCs and 40 percent of local corporations as main occupants.
Lin said that discounted rates will be offered to the first-batch firms, and the rent will be increased 10 to 15 percent this year for new tenants.
It is said that the current rent is over NT$2,000 per ping a month at Taipei 101 Tower.
According to Calvin Wang, country head of Jones Lang LaSalle, the lead leasing agent of Taipei 101 Tower, the supply of office buildings in Taipei will be mainly concentrate in Xinyi District over the next two years with rents expected to hike 10 percent in 2005.
Demand is consistently growing as companies want to move into newer buildings with enhanced facilities, security and services, Wang said, claiming that he is very optimistic of the tenancy rate of Taipei 101 Tower.
Meanwhile, TFCC said that it is now in search of restaurant operators for the top floors located at level 85, 86 and 88. These floors occupy a total space of 2,700 pings, and offer spectacular views for diners.
Cathy Yang, assistant vice president of TFCC, said that it has contacted 85 restaurant operators to date.
It will select eight outlets in total, with one to two international operators.
The outlets will provide diners with a selection of Chinese, Western, Japanese and Thai cuisines, as well as fusion and dining bar.
posted by jason tan @ 3:28 AM
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