Managed by: Capitaland and UEM Sunrise
About M+S Pte Ltd
Owned 60:40 by Khazanah Nasional Berhad and Temasek Holdings (Private) Limited respectively, M+S Pte Ltd will develop four land parcels in Marina South and two land parcels in Ophir-Rochor in Singapore, each as an integrated development. An indirect wholly-owned subsidiary of UEM Land Holdings Berhad (www.uemland.com) (“UEM Land”) which is a real estate company within Khazanah’s portfolio, and CapitaLand – one of Asia’s largest real estate companies – have been appointed to oversee the marketing and development of the project at Ophir-Rochor.
Khazanah is the investment holding fund of the Government of Malaysia entrusted to hold and manage the commercial assets of the Government and to undertake strategic investments. Khazanah is involved in various sectors such as power, telecommunications, banking, automotive manufacture, airport management, infrastructure, property development, broadcasting, semiconductor, steel production, electronics, investment holding, technology and venture capital. Some of the key listed companies in Khazanah’s investment portfolio include Telekom Malaysia Berhad, Tenaga Nasional Berhad, CIMB Group, Proton Holdings Berhad, PLUS Expressway Berhad, Malaysia Airlines System Berhad, Malaysia Airport Berhad, UEM Land Holdings Berhad, Axiata Group Berhad and Time dotcom Berhad.
For further information on Khazanah, please visit www.khazanah.com.my.
About Temasek Holdings (Private) Limited
Incorporated in 1974, Temasek Holdings is an Asia investment company headquartered in Singapore. Supported by 12 affiliates and offices in Asia and Latin America, Temasek owns a diversified S$186 billion portfolio as at 31 March 2010, concentrated principally in Singapore, Asia and the emerging economies.
Temasek’s investment themes centre on Transforming Economies, Growing Middle Income Populations, Deepening Comparative Advantages and Emerging Champions. Its portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; life sciences, consumer & real estate; energy & resources.
Total shareholder return for Temasek since its inception in 1974 has been a healthy 17% compounded annually. It has a corporate credit rating of AAA/Aaa by rating agencies Standard & Poor’s and Moody’s respectively.
For further information on Temasek, please visit www.temasek.com.sg.
Background for Media
Development of Marina South and Ophir-Rochor
The governments of Malaysia and Singapore announced on 24 May and 20 September 2010 that the Singapore government shall vest six land parcels in Marina South and Ophir-Rochor in lieu of the three parcels of Points of Agreement (POA) land in Tanjong Pagar, Kranji and Woodlands and three pieces of land in Bukit Timah (Lot 76-2 Mk 16, Lot 249pt Mk 4 and Lot 32-10 Mk 16). The Marina South and Ophir-Rochor land parcels shall be vested in M+S Pte Ltd for joint development when Keretapi Tanah Melayu Berhad vacates the Tanjong Pagar Railway Station.
The Marina South site is located at the heart of the financial and business cluster in Singapore’s Marina Bay area. It is positioned between the proposed central linear park and a major public open space above the Marina Bay MRT Station, and will be well served by the Marina Bay and Downtown MRT Stations.
The Ophir-Rochor site is located between the Kampong Glam Historic District and the Beach Road Conservation Area, and in a new growth area envisioned to become an exciting 24/7 mixed-use cluster. It also enjoys excellent connectivity with the existing Bugis station and the upcoming Downtown line.