Capitamalls Asia Limited Asia’S Leading Mall Developer, Owner and Manager
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CapitaMalls Asia Limited Asia’s Leading Mall Developer, Owner and Manager Singapore • China • Malaysia • Japan • India Investment in Prime Shopping Mall and Office Development in Shanghai 8 November 2010 CapitaMalls Asia Limited (CMA) Outline • Project Highlights • Rationale • Project Details • Appendix 2 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 Project Highlights 3 Investment in Prime Shopping Mall cum Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Project Highlights • Six storey shopping mall with office block in prime Luwan district, Shanghai • Strong population catchment of 1 million with high disposable incomes • 5 km away from Lujiazui commercial district • Located above subway Lines 9 and 13 4 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Artist’s Impression 5 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Investment in Prime Shopping Mall and Office Development in Shanghai Overall A prime development comprising a planned six- storey shopping mall and a 31-storey office tower (CMA has an effective stake of 66%) Tenure 50 years Estimated year of completion 2015 Site area (approximate) 24,000 sq m Total GFA excluding 127,000 sq m (50% retail, 50% office) car park (approximate) Total development cost RMB3.86 billion (S$747.2 million) (estimated) Cost per sq m – GFA RMB30,400 (S$5,885) 6 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Schematic Diagram of Development 31-storey office tower Subway L4 L3 6 levels of retail connection L2 L1 at B2 B1 B2 B3 Car park B4 B5 7 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 Rationale 8 Investment in Prime Shopping Mall cum Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Rationale of Investment Deepening our presence in Shanghai with our fifth mall • Shanghai is currently one of the key global financial centres enjoying strong growth • Strategic location of site in prime Luwan district • Strong catchment ensures high shopper traffic and demand for office • Lack of quality retail offering and office space • Connectivity to subway is completed • Capital value at ~RMB30,400 per sq m (vs. residential at RMB35,000- 100,000 psm) • Deepening into Shanghai with total assets under management 1 to cross ~S$3 billion by 2014 • Bringing total assets in China to 52 shopping malls amounting to 35.7% of CMA total property value 2 1. Based on 100% basis of our five malls in Shanghai 2. As at 31 Oct 2010 9 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 Project Details 10 Investment in Prime Shopping Mall cum Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Location of Luwan District in Shanghai Outlined area: Shanghai city centre Baoshan Yangpu Hongkou Zhabei Jiading Putuo Jing’an Huangpu Pudong Changning Luwan Xuhui Minhang Nanhui 11 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Luwan District Huai Hai Road commercial belt Mid- to high-end apartments Xintiandi Tianzi Fang 12 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Strategic Location in Key Commercial & Residential Area 5 minutes’ drive to Huai Hai Road (high-end shopping district) Raffles City Shanghai Xintiandi Luwan Subway Line 9 site 2km Subway Line 13 13 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Well-Connected to Major Landmarks via Subway Direct connection to subway Lines 9 & 13 Raffles City Huai Hai Lujiazui Road commercial district Xujiahui Luwan shopping site belt World Expo site 14 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Dense Residential Area Around the Site Approximately 1 million residents within 3 km radius from site View to the south View to the south 15 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Dense Residential Area Around the Site (cont’d) View to the north Luwan site 16 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Existing Retail Offerings 17 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Potential Future Retail Offerings Note: Examples of existing tenants in CMA malls 18 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 Appendix 19 Investment in Prime Shopping Mall cum Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Shanghai Districts - Statistics Residents in Luwan District have among the highest disposable incomes in Shanghai Item Unit LUWAN Huangpu Changning Jing’an Xuhui Hongkou Minhang Pudong Putuo Population ‘000 310 610 610 310 900 790 920 1940 870 Area Sq km 8 12 38 8 55 23 371 533 55 Population Per sq km Density 38,750 50,833 16,053 38,750 16,364 34,348 2,480 3,640 15,818 GDP Value Added per RMB/yr 32,258 24,098 42,131 43,226 83,889 75,190 121,739 162,423 12,759 Capita Retail Sales RMB/yr 50,968 58,525 27,213 62,581 32,667 21,013 35,109 27,165 15,632 per Capita Source :Shanghai Statistical Yearbook 2009 20 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010 CapitaMalls Asia Limited (CMA) Thank You For enquiries from analysts/investors, please contact: Caroline Fong Investor Relations Tel: (65) 6536 5856 Fax: (65) 6536 3884 Email: [email protected] http://www.capitamallsasia.com 21 Investment in Prime Shopping Mall and Office Development in Shanghai 8 Nov 2010.