Major global shipping lines and international logistics provider, P&O Nedlloyd Ltd has signed a tenancy agreement with Mapletree Investments Ptd Ltd to take up 20,000 square feet of office space at the newly refurbished HarbourFront Tower Two (formerly Cable Car Towers). P&O Nedlloyd was represented by its Country Manager, Mr Paul Hoogwaerts while Mapletree Investments Pte Ltd was represented by its President/CEO, Mr Khoo Teng Chye.

Affirming his firm’s decision, Mr Hoogwaerts said, “As one of the world’s premier shipping lines and international logistics provider, it makes sense for us to be operating out of an office overlooking the harbour as the port is the main mode of our business. We are delighted to be located within the HarbourFront development and share in the excitement of being part of this world class waterfront development.”

Mr Khoo said, “Mapletree is pleased to welcome P&O Nedlloyd to The HarbourFront development. They join a growing list of blue-chip MNCs, like ExxonMobil and DuPont who have chosen to locate their offices at The HarbourFront development. This just goes to prove that world class organisations are attracted to well located and integrated developments like The HarbourFront which is able to provide a dynamic and conducive working environment for them.”

Together with HarbourFront Tower One and Keppel Bay Tower, HarbourFront Tower Two forms the Office Park precinct at The HarbourFront Development. The HarbourFront Development is a 24-hectare world class integrated waterfront development comprising offices, a one million square feet retail, entertainment and lifestyle hub called The HarbourFront (scheduled for completion in mid-2006), the Singapore Cruise Centre and the Special Interest Village at the St. James Power Station. The HarbourFront development will be served by the North-East MRT from April 2003, as well as the future Circle Line MRT.