Rabobank moves into South Beach (The Straits Times)

DUTCH financial firm Rabobank officially opened its new Singapore office at South Beach Tower yesterday.

The 30,000 sq ft facility in Beach Road is the firm’s regional product and service hub for Singapore, Malaysia, the Philippines, Thailand and Vietnam and replaces its former premises in Robinson Road.

Rabobank, which operates in about 40 countries targeting mainly agriculture and commodities firms, set up an office here in 1986 with two people. The bank now has over 200 staff members based here.

Mr Marcel van Doremaele, chief executive of Rabobank Singapore and representative markets, said the office’s opening is an “important milestone” as it comes as the firm “enters a growth phase on the back of increased investment in food and agriculture in South-east Asia”.

Swiss business school International Institute for Management Development set up its new executive learning centre at the South Beach Tower in March.

The complex has an 88 per cent occupancy rate for its office spaces, according to its developer, the South Beach Consortium.

Social network Facebook and pharmaceutical giant Sanofi will move in by the third quarter of this year.

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