IOI Properties Singapore appoints Lorraine Shiow as CEO

As CEO of IOI Properties Singapore, Shiow will certainly steer brand-new methods to boost performance, develop the firm’s company in the city-state and fortify its reputation as a respected property developer in Singapore.

IOI Properties’ accumulated purchases in Singapore’s CBD amount to about $4.616 billion. The Singapore assets make up 64% of the group’s overall property portfolio of $10.35 billion, including Malaysia and China.

With Shiow taking the reins at IOI Singapore, the property group is completing its largest venture in Singapore– IOI Central Blvd Towers, a multi-billion-dollar commercial project with 1.26 million sq ft of Grade-An office around a 16-storey and 48-storey towers and 30,000 sq ft retail and F&B area. The development will definitely even be right connected to the Downtown MRT Terminal on the Downtown Line.

The other is the redevelopment of Shenton House, which Lee bought en bloc for $538 million last November. The intention is to redevelop Shenton House into a mixed-use property development with Grade-An office space and deluxe branded serviced households.

IOI Properties Singapore has recently selected Lorraine Shiow as CEO, a newly established role for the firm, according to the firm in a May 27 statement. The Singapore entity is part of Bursa Malaysia-listed IOI Properties Group, and Shiow will report directly to group chief executive officer Lee Yeow Seng.

Apart From IOI Central Blvd Towers, the company has 2 other properties in business district Singapore. One is the upcoming 350-key W Singapore – Marina View high-end resort and 683-unit Marina View Residences.

J’Den Condo Jurong East Central Road

According to the business, around 50% of office at IOI Central Boulevard Towers has already been used, with anchor tenants like tech giant Amazon and international brokerage house firm Morgan Stanley. The building is anticipated to produce an approximated rental revenue of a minimum of $180 million yearly, making up 20% of IOI Properties Group’s earnings.

Shiow was in the past CEO of Frasers Property, China, wherein she looked after the company’s residential, commercial and logistics business, investments, and service growth. She had actually formerly held many other C-Suite roles at Frasers Property, involving COO, executive VP for International Markets, and acting COO for Singapore housing property development.

error: Content is protected !!