GUOCO MIDTOWN'S FIVE DIMENSIONS OF OFFICE FLEXIBILITY:

CATERING TO FUTURE DYNAMIC NEEDS OF BUSINESSES

SINGAPORE, 25 May 2022 - Guoco Midtown , the upcoming integrated development of GuocoLand Limited ("GuocoLand"), has opened Singapore's first fully operational office show gallery at its 30-storey office tower. The show gallery demonstrates the future of offices through Guoco Midtown's five dimensions of flexibility in office leasing.

Guoco Midtown is a 3.2-hectare integrated mixed-use development in Singapore's Downtown Core, with more than 700,000 sq ft of premium Grade A office space. It is expected to bring an additional 10,000 office workers, residents and visitors daily into the district when completed in phases from the fourth quarter of 2022.

The office tower will have an efficient, central core office floor plate of 30,000 sq ft with a generous 3.3m ceiling. The 1.8m wide floor-to-ceiling windows will allow workers to enjoy panoramic views of Marina Bay, Kallang Basin, and other skylines of the city.

Fig. 1 - Guoco Midtown's new office show gallery demonstrates the future of offices, including how office spaces can be designed as an activity-based workplace suited for today's agile workforce. Pictured here are some examples of collaborative workspaces.

Five Dimensions of Office Flexibility

Beyond best-of-class specifications, Guoco Midtown's premium Grade A offices showcase five dimensions of flexibility - presenting an alternative hybrid workspace to meet the evolving needs of today's enterprises. The five dimensions of office flexibility cater to differing needs of office tenants in future-proofing their business while maximising the opportunities from embracing a fluid, hybrid work environment. Guoco Midtown's five dimensions of office flexibility are:

Fig. 2 - Flex Connect: Guoco Midtown's Network Hub offers a suite of spaces for corporate tenants to tap on for collaborative work and recreational facilities, such as a rooftop pool and a private dining room.

Fig. 3 - Flex Lifestyles: A wide selection of F&B choices, including alfresco dining in lush garden settings, will provide tenants and the public with a welcome respite from work and plenty of spaces for networking.

5. Flex Cloud - Recognising that the vision to provide a flexible, scalable office space must be matched by having a flexible IT infrastructure, Guoco Midtown will provide office tenants with the option to access private cloud service on-demand. With the flexibility to tap onto the cloud service, tenants can reduce the need for large data centres or server rooms within their offices while enjoying the security and scalability of private cloud servers.

Ms Valerie Wong, Group General Manager (Asset Management) of GuocoLand, said: "The introduction of Guoco Midtown's five-dimensional flexible office concept is timely as companies are grappling with hybrid workplaces and rapid changes in future space planning. When we conceptualised this, we saw the need to offer flexibility beyond office space extension and provide an unmatched level of flexibility to meet dynamic business needs. Taking user requirements from traditional office leasing and co-working arrangements, we have created a one-of-a-kind flexible office product that has been designed and built into the infrastructure of Guoco Midtown."

Guoco Midtown is directly connected to the Bugis interchange MRT station, which is served by both the East-West Line and Downtown Line. It is also within walking distance to the North- South and Circle Lines. Guoco Midtown is also linked to the wider Beach Road-Bugis vicinity through an underground pedestrian network and a network of second-level linkways and bridges.

The multi-billion development is led by GuocoLand with a group of investors - Hong Kong- listed Guoco Group Limited, Hong Leong Holdings Limited and Hong Realty (Private) Limited.

Office Show Gallery virtual tour: Here

Guoco Midtown is a 3.2-hectaremixed-usemega-development on Beach Road and Tan Quee Lan Street, which will be the epicentre of Singapore's 'Midtown'. Coined as a 'City of the Future', the development will comprise a 30-storey office tower with 770,000 square feet of premium Grade A office space, three retail clusters, two condominiums with more than 700 luxury apartments - Midtown Bay and Midtown Modern, and a five-storey Network Hub building - a first-of-its-kindpurpose-built business and social networking club.

Guoco Midtown will also be home to 30 thematic gardens and public spaces spread over 3.8 hectares from the ground floor to the rooftops of the towers. Guoco Midtown is connected directly to the Bugis interchange MRT station and is expected to bring an additional 10,000 office workers, residents and visitors daily into the district when it is completed in phases between 2022 and 2024. The multi-billion

development is led by GuocoLand with a group of investors, Hong Kong-listed Guoco Group Limited, Hong Leong Holdings Limited and Hong Realty (Private) Limited.

GuocoLand Limited ("GuocoLand") is a public company listed on the Singapore Exchange Securities Trading Limited since 1978. The principal business activities of its subsidiaries are property development, property investment, hotel operations and property management.

GuocoLand and its subsidiaries ("the Group") have established property operations in their geographical markets of Singapore, China and Malaysia, comprising residential, hospitality, commercial and retail developments. In 2017, GuocoLand marked its expansion beyond Asia into the new markets of the United Kingdom and Australia through a strategic partnership with Eco World Development Group Berhad in Eco World International Berhad. As a premier property company, GuocoLand is focused on achieving scalability, sustainability and growth in its core markets through its property development, investment and management businesses.

The parent company of GuocoLand is Guoco Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. Guoco Group Limited is a member of the Hong Leong group of companies.

As at 31 December 2021, the Group has total assets of S$12.1 billion and total equity attributable to equity holders of S$4.02 billion.

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GuocoLand Limited published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:10:45 UTC.