OUE Downtown 3.79

OUE Downtown or 6 Shenton Way, formerly DBS Building Towers is a high-rise skyscraper complex at 6 Shenton Way in the central business district of Singapore. Tower 1, at and 50 storeys, was completed in 1975 and is one of Singapore's oldest skyscrapers. Tower 2, at 150m and 36 storeys, was completed twenty years later in 1994. The former headquarters of DBS Bank was located in the complex. Overseas Union Enterprise (OUE) acquired the complex in 2010 and renamed it 'OUE Downtown'.HistoryThe DBS Tower One was finished in 1975, together with a wave of brutalist-style buildings, that dominated the 1950s to 1970s period. It was designed by Architects Team 3. Firms involved in the development of the building included DBS Land Limited, Obayashi-Gumi, Ltd., Steen Consultants Private Limited, Liu Cheng Consulting Engineers, Davis Langdon & Seah Philippines Inc., and Mitsubishi Elevator and Escalator.Acquisition by Overseas Union EnterpriseThe towers were sold to Overseas Union Enterprise (OUE) for S$870.5 million in 2010.In July 2012, DBS moved out of the towers and into its new headquarters at Marina Bay Financial Centre (MBFC) Tower 3. Various 'core support functions' were relocated to a nine-storey building at Changi Business Park, near the Expo MRT Station, in 2010. The Changi site has a permissible gross floor area of some 50000m2.