Shell Singapore is set to relocate its operations to Asia Square Tower 1 (AST1) in Singapore’s Marina Bay financial district, as announced by the Singapore Central Private Real Estate Fund (SCPREF) on 24 April 2026. This significant move involves Shell occupying approximately 100,234 square feet across three floors, marking one of the largest office leasing transactions in Singapore for 2026. The relocation is scheduled for the first half of 2027.
The decision to move to AST1 aligns with Shell Singapore’s strategy to be closer to its customers and partners, enhancing its presence in the Marina Bay area. The new location will offer a high-performance workplace equipped with smart technology, supporting flexible and sustainable working practices. Kah Peng Aw, Chairman of Shell Companies in Singapore, stated, “Asia Square Tower 1 provides a strong platform for Shell Singapore’s continued growth. We are confident this move will strengthen collaboration across our teams and with external partners.”
Pei Teng Foo, Chief Executive of SCPREF, expressed enthusiasm about the move, highlighting it as a testament to the quality and strategic positioning of SCPREF’s assets. “Shell’s decision to relocate to our portfolio is a strong endorsement… and underscores the appeal of the SCPREF’s assets to multinational companies,” Foo remarked.
SCPREF, managed by Hongkong Land, focuses on ultra-premium commercial properties in Singapore, with an initial portfolio valued at S$8.2b. This includes AST1, which offers connectivity to multiple MRT stations and a range of amenities, reinforcing its appeal to blue-chip tenants like Shell.
