The world's highest skyscraper, Taipei 101, yesterday welcomed the Bayer Group as its first tenant and is preparing for its second tenant, Swiss insurer Winter Life, to move in later this month.
Bayer, which is Germany's second-largest chemical and drug maker, will locate its Taiwan headquarters on the tower building's 53rd and 54th floors. The new office space accommodates about 230 of Bayer Taiwan's employees.
"We like this building very much, and believe it is the safest place to work, with the high-tech infrastructure and design," said Elmar Stachels, chief executive officer of Bayer's Greater China region, during the moving-in ceremony yesterday.
PHOTO: CHANG CHIA-MING, TAIPEI TIMES
With a five-year lease, Bayer believes the move will help it attract domestic and international businesses, as well as bolster its business in Taiwan, Stachels said.
Future tenants
Winter Life will relocate its Taiwan branch to Taipei 101 next Monday, said Harace Lin (
Other future tenants include Peoples' King International Co, D.B. Zwirn Advisors Taiwan and the Taiwan Stock Exchange Corp (TSE). The TSE is currently the largest tenant, holding the 9th to the 12th floors. It will move in by year's end.
Now that the first tenant has commenced operations in the building, more potential customers waiting on the sidelines will be more interested in exploring leasing options, said Calvin Wang (王治平), managing director of Jones Lang LaSalle International Property Consultants, the leading leasing agent for the skyscraper.
Currently, the occupancy rate at Taipei 101 is still about 35 percent for the 58,000-ping office space, but Wang is confident that the building will be 60 percent to 70 percent full by the end of the year, and next to full by the end of next year.
"Many companies have shown strong interest in making Taipei 101 their address these days, [giving it] prestige like the Empire State Building in New York City," Wang said.
As for the safety concerns of some prospective tenants following several accidents during the tower's construction, Wang said doubts had been dissolved now that the building had withstood several major earthquakes. As a result, current tenants were more interested in renting higher levels of the building.
Strict controls on access would also give confidence to customers, Wang said.
Floor pass
Taipei 101 utilizes the Visitor Access Kiosk System developed by Siemens AG, which enables visitors to key in the floor or company they want to visit.
With confirmation by the tenant, the visitor receives a pass allowing entry through a security door.
AI BOOST: Although Taiwan’s reliance on Chinese rare earth elements is limited, it could face indirect impacts from supply issues and price volatility, an economist said DBS Bank Ltd (星展銀行) has sharply raised its forecast for Taiwan’s economic growth this year to 5.6 percent, citing stronger-than-expected exports and investment linked to artificial intelligence (AI), as it said that the current momentum could peak soon. The acceleration of the global AI race has fueled a surge in Taiwan’s AI-related capital spending and exports of information and communications technology (ICT) products, which have been key drivers of growth this year. “We have revised our GDP forecast for Taiwan upward to 5.6 percent from 4 percent, an upgrade that mainly reflects stronger-than-expected AI-related exports and investment in the third
Mercuries Life Insurance Co (三商美邦人壽) shares surged to a seven-month high this week after local media reported that E.Sun Financial Holding Co (玉山金控) had outbid CTBC Financial Holding Co (中信金控) in the financially strained insurer’s ongoing sale process. Shares of the mid-sized life insurer climbed 5.8 percent this week to NT$6.72, extending a nearly 18 percent rally over the past month, as investors bet on the likelihood of an impending takeover. The final round of bidding closed on Thursday, marking a critical step in the 32-year-old insurer’s search for a buyer after years of struggling to meet capital adequacy requirements. Local media reports
TECHNOLOGICAL RIVALRY: The artificial intelligence chip competition among multiple players would likely intensify over the next two years, a Quanta official said Quanta Computer Inc (廣達), which makes servers and laptops on a contract basis, yesterday said its shipments of artificial intelligence (AI) servers powered by Nvidia Corp’s GB300 chips have increased steadily since last month, should surpass those of the GB200 models this quarter. The production of GB300 servers has gone much more smoothly than that of the GB200, with shipments projected to increase sharply next month, Quanta executive vice president Mike Yang (楊麒令) said on the sidelines of a technology forum in Taipei. While orders for GB200 servers gradually decrease, the production transition between the two server models has been
ASE Technology Holding Co (日月光投控), the world’s largest integrated circuit (IC) packaging and testing supplier, yesterday announced a strategic collaboration with Analog Devices Inc (ADI), coupled with the signing of a binding memorandum of understanding. Under the agreement, ASE intends to purchase 100 percent shares of Analog Devices Sdn Bhd and acquire its manufacturing facility in Penang, Malaysia, a press release showed. The ADI Penang facility is located in the prime industrial hub of Bayan Lepas, with an area of over 680,000 square feet, it said. In addition, the two sides intend to enter into a long-term supply agreement for ASE to