DOCSLIB.ORG

Press Release K-REIT Asia to Acquire 87.5% Interest in Ocean Financial

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Press Release K-REIT Asia to Acquire 87.5% Interest in Ocean Financial THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OF SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN THE UNITED STATES. THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT. NO PUBLIC OFFERING OF THE SECURITIES IS BEING, OR WILL BE MADE IN THE UNITED STATES. Press Release K‐REIT Asia to acquire 87.5% interest in Ocean Financial Centre through Ocean Properties Pte. Limited DPU‐accretive acquisition of Ocean Financial Centre enhances K‐REIT Asia’s portfolio with one of the largest and newest premium office buildings in the Raffles Place and Marina Bay precincts Singapore, 17 October 2011 – the trustee of K‐REIT Asia has entered into a conditional sale and purchase agreement with, among others, Straits Property Investments Pte Ltd (the “Vendor”), a wholly‐ owned subsidiary of Keppel Land Limited, for the acquisition of an approximate 87.5% interest in Ocean Properties Pte Limited (“Ocean Properties”) for a period of 99 years (the “Acquisition”). Ocean Properties owns Ocean Financial Centre, a landmark Grade A 43‐storey premium office tower which is one of the largest and newest office developments with environmentally sustainable features located in Singapore’s central business district (“CBD”), comprising approximately 884,957 square feet or 82,215 square metres of net lettable area (“NLA”). As of 15 September 2011, about 79.6% of the total office NLA had been leased to established corporations such as the Australia and New Zealand Banking Group, BNP Paribas, Drew & Napier LLC, Stamford Law Corporation, The Executive Centre and Verizon Communications. The agreed value for the Acquisition, which was negotiated on a willing‐buyer and willing‐seller basis, is $2,013.1 million. This includes a five‐year rental support of up to $170.0 million. Savills Valuation and Professional Services (S) Pte Ltd and Knight Frank Pte Ltd have independently valued the Acquisition as at 15 September 2011 at $2,054.0 million and $2,050.0 million respectively. K-REIT Asia Management Limited 230 Victoria Street #15-03 Bugis Junction Towers Singapore 188024 Tel: (65) 6835 7477 Fax: (65) 6835 7747 www.kreitasia.com 1 Company Regn No: 200411357K K‐REIT Asia Management Limited, the manager of K‐REIT Asia (the "Manager"), plans to fund the Acquisition with the proceeds from a proposed 17‐for‐20 underwritten renounceable rights issue and bank borrowings. Post‐Acquisition, K‐REIT Asia is expected to have an aggregate leverage level of 41.6%. Controlling unitholders of K‐REIT Asia, Keppel Corporation Limited and Keppel Land Limited, have provided irrevocable undertakings to subscribe for their pro‐rata entitlements in K‐REIT Asia’s rights issue. Ms Ng Hsueh Ling, CEO of the Manager, said, “We remain confident of Singapore’s fundamentals as one of Asia’s key financial centres as well as the positive outlook for the Singapore office market in the short to medium term especially for Grade A office space. The acquisition of Ocean Financial Centre, one of the best premium commercial buildings in Singapore’s business and financial district will enhance our portfolio significantly as well as improve our distribution per unit to our unitholders.” “Following the Acquisition, K‐REIT Asia will have four of its five Singapore assets located strategically within the Raffles Place and Marina Bay precincts, and become the largest owner of key premium offices located in the heart of Singapore’s CBD.” The Acquisition is expected to benefit Unitholders of K‐REIT Asia ("Unitholders") as it: is expected to be accretive to K‐REIT Asia’s distribution per unit from the cash flows it generates; will enhance the quality of and strengthen the branding of K‐REIT Asia’s property portfolio in the prime Raffles Place and Marina Bay precincts; will increase K‐REIT Asia’s exposure to the Singapore office market by asset size from approximately 89.5% to approximately 93.1%; will reduce the average age of K‐REIT Asia’s property portfolio by NLA from approximately 6 years to approximately 4 years; will improve K‐REIT Asia’s lease expiry profile such that no more than 11% of K‐REIT Asia’s portfolio by NLA will expire in any one year over the next five years; and will enhance and strengthen K‐REIT Asia’s tenant base with established organisations which include financial institutions and multinational corporations. As the Acquisition constitutes both an interested party transaction under the Property Funds Appendix of the Code on Collective Investment Schemes and an interested person transaction under the Listing Manual, it will be subject to the approval of the Unitholders at an extraordinary general meeting which is expected to be held on 10 November 2011. – end – 2 About K‐REIT Asia (http://www.kreitasia.com) Sponsored by Keppel Land Limited, one of the largest listed property companies in Singapore, K‐REIT Asia was listed on the Singapore Exchange on 28 April 2006 following a distribution in specie of units in K‐REIT Asia to its shareholders. K‐REIT Asia aims to generate steady and sustainable returns for its Unitholders by investing in quality income‐producing commercial properties and real estate‐related assets in Singapore and key cities pan‐ Asia. As at 1 October 2011, K‐REIT Asia has an asset size of approximately $3.9 billion, comprising seven quality commercial properties. In Singapore, K‐REIT Asia owns Bugis Junction Towers, a one‐third interest in Marina Bay Financial Centre Towers 1 & 2 and Marina Bay Link Mall, a one‐third interest in One Raffles Quay and 92.8% of the strata area in Prudential Tower. In Australia, K‐REIT Asia owns a 50% interest in 275 George Street in Brisbane, and the office tower at 77 King Street and a 50% interest in 8 Chifley Square, both in Sydney. K‐REIT Asia is managed by K‐REIT Asia Management Limited, a wholly‐owned subsidiary of Keppel Land Limited. For more information, please contact: Media Relations Investor Relations Ms Grace Chia Ms Casiopia Low Senior Manager Manager Group Corporate Communications Investor Relations & Research Keppel Corporation K‐REIT Asia Tel: (65) 6413‐6434 / (65) 9694‐1328 Tel : (65) 6433‐7622 Email: [email protected] Email: [email protected] This press release is also available on www.kreitasia.com, www.keppelland.com.sg and www.kepcorp.com. 3 .
Load more

Recommended publications
  • List of Clinics in Downtown Core Open on Friday 24 Jan 2020
    LIST OF CLINICS IN DOWNTOWN CORE OPEN ON FRIDAY 24 JAN 2020 POSTAL S/N NAME OF CLINIC BLOCK STREET NAME LEVEL UNIT BUILDING TEL OPENING HOURS CODE 1 ACUMED MEDICAL GROUP 16 COLLYER QUAY 02 03 INCOME AT RAFFLES 049318 65327766 8.30AM-12.30PM 2 AQUILA MEDICAL 160 ROBINSON ROAD 05 01 SINGAPORE BUSINESS FEDERATION CENTER 068914 69572826 11.00AM- 8.00PM 3 AYE METTA CLINIC PTE. LTD. 111 NORTH BRIDGE ROAD 04 36A PENINSULA PLAZA 179098 63370504 2.30PM-7.00PM 4 CAPITAL MEDICAL CENTRE 111 NORTH BRIDGE ROAD 05 18 PENINSULA PLAZA 179098 63335144 4.00PM-6.30PM 5 CITYHEALTH CLINIC & SURGERY 152 BEACH ROAD 03 08 GATEWAY EAST 189721 62995398 8.30AM-12.00PM 6 CITYMED HEALTH ASSOCIATES PTE LTD 19 KEPPEL RD 01 01 JIT POH BUILDING 089058 62262636 9.00AM-12.30PM 7 CLIFFORD DISPENSARY PTE LTD 77 ROBINSON ROAD 06 02 ROBINSON 77 068896 65350371 9.00AM-1.00PM 8 DA CLINIC @ ANSON 10 ANSON ROAD 01 12 INTERNATIONAL PLAZA 079903 65918668 9.00AM-12.00PM 9 DRS SINGH & PARTNERS, RAFFLES CITY MEDICAL CENTRE 252 NORTH BRIDGE RD 02 16 RAFFLES CITY SHOPPING CENTRE 179103 63388883 9.00AM-12.30PM 10 DRS THOMPSON & THOMSON RADLINK MEDICARE 24 RAFFLES PLACE 02 08 CLIFFORD CENTRE 048621 65325376 8.30AM-12.30PM 11 DRS. BAIN + PARTNERS 1 RAFFLES QUAY 09 03 ONE RAFFLES QUAY - NORTH TOWER 048583 65325522 9.00AM-11.00AM 12 DTAP @ DUO MEDICAL CLINIC 7 FRASER STREET B3 17/18 DUO GALLERIA 189356 69261678 9.00AM-3.00PM 13 DTAP @ RAFFLES PLACE 20 CECIL STREET 02 01 PLUS 049705 69261678 8.00AM-3.00PM 14 FULLERTON HEALTH @ OFC 10 COLLYER QUAY 03 08/09 OCEAN FINANCIAL CENTRE 049315 63333636
    [Show full text]
  • 2020 MICE Directory
    2020 MICE Directory EMPOWERING COMMERCE, CAPABILTIES, COMMUNITY CONTENTS MESSAGES 5 Message from SACEOS President 6 Message from Singapore Tourism Board EVENT CALENDARS 28 Calendar of Conferences 2020 31 Calendar of Exhibitions 2020 36 Calendar of Conferences 2021 38 Calendar of Exhibitions 2021 VENUE 44 Auditorium, Conventions & Exhibitions Centres 57 Hotels 69 Unique Venues DIRECTORY LISTING 81 SACEOS Members Listings 116 General Listings 209 Singapore Statutory Boards & Government Agencies 217 Advertiser’s Index SACEOS DIRECTORY 2020 Message from SACEOS President I Message from Singapore Tourism Board MR ALOYSIUS ARLANDO MS MELISSA OW President Singapore Association of Deputy Chief Executive Convention & Exhibition Singapore Tourism Board Organisers & Suppliers (SACEOS) Welcome to the 2020 edition of MICE e-directory – the industry’s go-to guide. SACEOS is a community-based association of the MICE industry whose members contribute to a rich history of successful corporate events, business meetings and conventions and exhibitions in Singapore. 2019 was another exciting year for Singapore’s business events landscape. The city maintains its momentum as a leading global business events hub, This year in 2020, SACEOS rang in the new decade with a big bang - by unveiling our brand playing host to a vibrant array of business events across various industry PRESIDENT new visual identity, a symbol of transformation, and a timely reflection that represents a hallmark clusters, and keeping its position as Asia Pacific’s leading city in the 2018 for the next phase of our growth, our hope, our unified future. global ranking by the International Congress and Convention Association MESSAGE (ICCA), and top international meeting country since 2013 in the Union of Singapore is a key player in the ASEAN region and the rest of the world.
    [Show full text]
  • Investor Presentation
    Investor Presentation Citi APAC Property Conference Hong Kong 27 June 2019 Outline • Key Highlights 3 • Portfolio Optimisation 4 • Market Review 15 • Acquisition in Seoul 19 • Additional Information 34 IMPORTANT NOTICE: The past performance of Keppel REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments or shifts in expected levels of property rental income, changes in operating expenses, including employee wages, benefits and training, property expenses and governmental and public policy changes, and the continued availability of financing in the amounts and terms necessary to support future business. Prospective investors and unitholders of Keppel REIT (“Unitholders”) are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of Keppel REIT Management Limited, as manager of Keppel REIT (the “Manager”) on future events. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained in this presentation. None of the Manager, the trustee of Keppel REIT or any of their respective advisors, representatives or agents shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
    [Show full text]
  • Investor Presentation Dbaccess Asia Conference, Singapore
    Investor Presentation dbAccess Asia Conference, Singapore 22 May 2019 Outline • Key Highlights 3 • 1Q 2019 Update 6 • Market Review 19 • Acquisition in Seoul 23 IMPORTANT NOTICE: The past performance of Keppel REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments or shifts in expected levels of property rental income, changes in operating expenses, including employee wages, benefits and training, property expenses and governmental and public policy changes, and the continued availability of financing in the amounts and terms necessary to support future business. Prospective investors and unitholders of Keppel REIT (“Unitholders”) are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of Keppel REIT Management Limited, as manager of Keppel REIT (the “Manager”) on future events. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained in this presentation. None of the Manager, the trustee of Keppel REIT or any of their respective advisors, representatives or agents shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
    [Show full text]
  • Singapore Office Market Review
    Q2 2021 Published 8 April 2021 Singapore Office Market Review DEMAND Pg 3 SUPPLY Pg 4 Special Feature: Guoco Midtown Pg 6 New Developments: B1/2 Category Pg 7 Rentals Forecasts Top prime rates for premium Grade A buildings have softened from a • Market still dominated by tech firms and the financial services high of $14.00 per sq ft a year ago, to around $11.50 - $12.00 per sq ft. / investment sector, as well as displaced tenants looking for new Average prime rates in the Raffles Place area are in the region of office premises. $9.50 per sq ft. Office rates in theRobinson Road / Shenton Way area are in the $7.00 - $8.50 per sq ft bracket. • Demand for co-working space to continue with hybrid solutions proving popular. There is not much difference in the rental costs for Tanjong Pagar, which averages around $7.50 per sq ft. City Hall ranges from $7.00 to • Ample choice of supply at the moment and the amount of shadow $9.00 per sq ft and Beach Road averages around $7.25 per sq ft. space is increasing, due to companies rightsizing. There has been little movement on Orchard Road, and as such this • Supply will begin to tighten later in the year. location still enjoys a relatively high occupancy rate. Rents range from $7.50 to $9.50 per sq ft in this district. • Only two sizeable office developments due for completion this year in the CBD (CapitaSpring and Afro-Asia iMark). Edge of CBD like Novena, River Valley Road and decentralized locations like Harbourfront Centre and Paya Lebar Square range from • Rates to soften by 7% across the board, but rate of decline will $6.00 to $7.00 per sq ft.
    [Show full text]
  • Raffles Place Information Kit
    Raffles Place Information Kit Version 2.0 November 2014 1 Table of Content Table of Content Page A. General - Table of Content 2 - System map 3 B. Station Information - Station Contacts & Overview 4 - Taxi & General Contacts 5 - Station Layout 6-10 - Locality Map 11 - Bus Services (By Bus Stop) 12 - Places of Interest 13-14 - Train Service Disruption Leaflet 15-17 2 3 Station Overview Station Contact Points Duty SM Hand phone 9663 4982 Passenger Service Center 6767 3301 EXIT: Exit A: Raffles Square Exit F: Cecil Street Exit B: Raffles Square Exit G: UOB Plaza Exit C: Ocean Financial Exit H: Chartered Bank Centre (Shopping Level) Building Exit D: Republic Plaza Exit I: AIA Tower Exit E: Ocean Financial Exit J: Marina Link Mall Centre (Street Level) LIFT: Lift 1: Remote Fare Gate Lift 2: Paid Area PLATFORM Upper Platform: - East Bound (towards Pasir Ris) : Line 1 – Platform A - North Bound (towards Jurong East): Line 4 – Platform B Lower Platform: - West Bound (towards Joo Koon): Line 2– Platform C - South Bound (towards Marina Bay / Marina South Pier): Line 5– Platform D 4 Taxi & General Contacts Nearby Taxi Stand Road Via Singapore Land Tower Battery Road Exit B Taxi Services Booking number SMRT Taxis 6555 8888 Comfort & City Cab 6552 1111 Trans Cab 6555 3333 Premier Taxis 6363 6888 Hotline Contact SMRT Hotline 1800 3368 900 SMRT Press Contact 9822 0902 TransitLink Hotline 1800 2255 663 Transcom Hotline 1800 8420 000 SMRT Online Feedback: www.smrt.com.sg/feedback.aspx 5 3. Notices and manpower deployment at Concourse RAFFLES PLACE GTM S TSO Concourse Free Area S S Wide Gate S S S S S S S S Service S S SHOP Gate PSC S Concourse Paid Area LEGEND 6 Escalator Planter Info Booth – Station staff - CST member Route from concourse (free area) to platform level via the wide gate & service gate 6 3.
    [Show full text]
  • Singapore Singapore
    16 December 2011 Trade Marks Journal No. 050/2011 TRADE MARKS JOURNAL TRADE MARKS JOURNAL SINGAPORE SINGAPORE TRADE PATENTS TRADE DESIGNS PATENTS MARKS DESIGNS MARKS PLANT VARIETIES © 2011 Intellectual Property Office of Singapore. All rights reserved. Reproduction or modification of any portion of this Journal without the permission of IPOS is prohibited. Intellectual Property Office of Singapore 51 Bras Basah Road #04-01, Manulife Centre Singapore 189554 Tel: (65) 63398616 Fax: (65) 63390252 http://www.ipos.gov.sg Trade Marks Journal No. 050/2011 TRADE MARKS JOURNAL Published in accordance with Rule 86A of the Trade Marks Rules. Contents Page 1. General Information i 2. Practice Directions iii 3. Notices and Information (A) General xii (B) Collective and Certification Marks xxxiv (C) Forms xxxv (D) eTrademarks xxxix (E) International Applications and Registrations under the Madrid Protocol xli (F) Classification of Goods and Services xlvii (G) Circulars Related to Proceeding Before The Hearings And Mediation Division lxvi 4. New Notice lxxxviii 5. Applications Published for Opposition Purposes (Trade Marks Act, Cap. 332, 1999 Ed.) 1 6. International Registrations filed under the Madrid Protocol Published for Opposition Purposes (Trade Marks Act, Cap. 332, 1999 Ed.) 114 7. Changes in Published Applications Errata 203 Application Published but not Proceeding under Trade Marks Act (Cap. 332, 1999 Ed.) 204 Trade Marks Journal No. 050/2011 Information Contained in This Journal The Registry of Trade Marks does not guarantee the accuracy of its publications, data records or advice nor accept any responsibility for errors or omissions or their consequences. Permission to reproduce extracts from this Journal must be obtained from the Registrar of Trade Marks.
    [Show full text]
  • Ocean Financial Centre
    OCEAN FINANCIAL CENTRE First high-rise office development in South-East Asia to be conferred Platinum Level LEED-CS Award and first commercial 10 Collyer Quay Singapore 049315 building in Singapore’s CBD to be awarded BCA’s Green Mark Platinum Award. BUILDING SPECIFICATIONS Description 43-storey Grade A office building Overall Size Approx. 885,000 square feet NLA Typical Floor Area Approx. 20,000 - 22,000 square feet NLA Finished Floor to Ceiling Height Approx. 2.8m Cable Management System Approx. 150 mm raised floor system Floor Loading 3.5 kN/sqm (standard), 7.5 kN/sqm (core) Inter-Floor Accessibility Provision for 4 knockout openings per floor Car Park About 220 lots Allocation: 1 lot for every 4,300 square feet leased. Price: $500 per lot per month (subject to GST) Toilets Male and Female, 1 Executive/Handicapped toilet with shower facility per floor Pantry Common pantry on every office floor Lifts Low Rise zone : Level 1, 3 to 16 8 nos. Mid Rise zone : Level 1, 17 to 30 8 nos. High Rise zone : Level 1, 31 to 43 8 nos. Service lift : Level 1 to 43 2 nos. Carpark lift (at carpark podium) : Level 1 to 7 2 nos. Air-conditioning Centralised chiller system Mondays to Fridays (8am to 7pm), except public holidays After office hours charge: $90 per hour (subject to GST) Chilled water charge: $0.90 per rt per hour (subject to GST) Electricity Dual feed for 22 kV incoming power supply Electricity supply allocation per floor: 80 watt per square metre Security System 24-hour security system with CCTV monitoring at all main entrances and exits,
    [Show full text]
  • Waterproofing & Insulation
    waterproofing PROJECT REFERENCES Condominiums & Apartments 1K GREEN LANE APARTMENTS DP Architects 1 MOULMEIN RISE WOHA Architects ALESSANDREA Cyril K H Seah Architects AALTO RDC Architects AVILA GARDENS Ong & Ong Architects AZALEA PARK Ong & Ong Architects BALLOTA PARK Ong & Ong Architects BINJAI CREST RSP Architects BISHAN 8 RSP Architects BUCKLEY 18 Axis Architects CAIRNHILL CREST DP Architects CARRISA PARK Ong & Ong Architects CENTENNIA SUITES DP Architects CHESTERVALE ST Architects CLEMENTI WOODS ADDP Architects DERBYSHIRE HEIGHTS Architects Group Associates DOMAIN 21 DP Architects DOUBLE BAY RESIDENCES DP Architects DUCHESS RESIDENCES MKPL Architects EASTSIDE LOFT eco.id architects EASTWOOD GREEN Lee Sian Teck Architects EDELWEISS PARK Ong & Ong Architects ESPARINA RESIDENCES ADDP Architects EVERGEEN PARK RSP Architects FERRELL RESIDENCES Architects 61 FLORIDIAN DP Architects FRASER SUITES P&T Consultants GALLERY 8 Suying Design Architects GLENTREES MKPL Architects GREENVALE TERRACES Design Link Architects WPSpec ver 9.11 waterproofing PROJECT REFERENCES Condominiums & Apartments (cont’d) HAZEL PARK APCO Architects & DP Architects HILLVIEW GREEN Team Design Architects LA MANSION (A & A) DP Architects LE REVE DP Architects MADISON RESIDENCES P&T Consultants MIRAGE TOWERS RSP Architects MT SOPHIA SUITES Ronnie Chin & Associates NEWTON EURO-ASIA ADT Architects Design Team PARKVIEW ECLAT Ong & Ong Architects PATERSON SUITES DP Architects PAVILION PARK RSP Architects PROSPER GARDENS BJ Architects RESIDENCES @ SOMME GAiA Architects RHAPSODY AT MOUNT ELIZABETH Atelier Group Architects RIVERDALE APARTMENTS HKF Partnership ROBERTSON WALK P&T Consultants ROCCA BALESTIER Architects Group Associates SAPPHIRE 99 APARTMENTS Acme Architects SCOTTS HIGHPARK MKPL Architects SHELFORD VIEW (A & A) Look Architects SEMBAWANG GREENVALE Design Link Architects SEVEN PALMS Kerry Hill Architects SILVERSEAS DP Architects SOLITAIRE Team Design Architects SOUTHBANK DP Architects SPRING GROVE CONDOMINIUM RSP Architects ST.
    [Show full text]
  • 3Q 2016 Financial Results 18 October 2016
    3Q 2016 Financial Results 18 October 2016 1 Outline Key Highlights 5 Financial Highlights 7 Portfolio Analysis 12 Capital Management 24 Market Review & Outlook 27 Awards & Engagement Activities 30 Important Notice The value of Units and the income from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by the Manager, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders of Keppel REIT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. The past performance of Keppel REIT is not necessarily indicative of the future performance of Keppel REIT. 2 Overview Best-in-Class Assets Largest Portfolio of Assets Under Well-Diversified Youngest in Strategic Locations Premium Office Assets Management Tenant Base Portfolio 11 office towers in 8 quality 307 tenants Premium Grade and Grade A assets in 3.3 million sf S$8.3 billion diversified across Approx. the business and financial districts total attributable NLA various business 5 years of Singapore and Australia sectors Marina Bay Financial Centre One Raffles Quay Ocean Financial Centre Tower 3 Tower 2 Tower 1 South Tower North Tower 3 Ocean Colours Premium Grade A Office Portfolio ‒ 8 premium office assets with 11 office towers strategically located in the
    [Show full text]
  • Proposed Acquisition of a One-Third Interest in Marina Bay Financial
    Proposed Acquisition of a One‐third Interest in Marina Bay Financial Centre Tower 3 Investor Presentation October 2014 KEPPEL REIT I PROPOSED ACQUISITION OF A ONE‐THIRD INTEREST IN MBFC TOWER 3 1 Important Notice Important Notice The value of Units and the income from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by the Manager, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders of Keppel REIT may only deal in their Units through trading on the SGX‐ST. Listing of the Units on the SGX‐ST does not guarantee a liquid market for the Units. The past performance of Keppel REIT is not necessarily indicative of the future performance of Keppel REIT. KEPPEL REIT I PROPOSED ACQUISITION OF A ONE‐THIRD INTEREST IN MBFC TOWER 3 2 Content Overview Transaction Summary Marina Bay Financial Centre Tower 3 Transaction Details Key Benefits of Transaction KEPPEL REIT I PROPOSED ACQUISITION OF A ONE‐THIRD INTEREST IN MBFC TOWER 3 3 Overview –Current Portfolio of nine quality Premium Grade and Grade A 1 office assets with 11 office towers, tenanted to established corporations across various business sectors Premium office buildings located in the prime CBDs 2 of Singapore and Australia, both countries with AAA sovereign ratings 3 Total portfolio value of more than S$6.9 billion 4 Total NLA of approximately 2.9 million sq ft(1) 5 Market capitalisation of S$3.6 billion(2) The above information is as at 30 September 2014.
    [Show full text]
  • Inside Hong Kong Office Space?
    September 2011 The Office A review of the Singapore office market Also interested in Inside Hong Kong office space? Visit below website to download Singapore’s top 30 a Hong Kong market review rental choices www.corporatelocations.com.hk/ marketresearch.html The information in this publication should be regarded as a general guide only. Whilst every effort has been taken to take care in its preparation, no representation is made or responsibility accepted for its accuracy. Corporate Locations (S) Pte Ltd License No. L3010044A Tel 6320 8355 / [email protected] / www.corporatelocations.com.sg DEMAND New developments dominate the leasing market The brand new developments have certainly Demand for office space has returned to more continued to dominate the office leasing market active levels after a slight lull in the earlier part of this year with all three big schemes attracting this year. The strong pace of the office leasing an impressive list of new tenants. Asia Square market in 2010, particularly for the larger deals, Tower 1 continues to interest those companies was unlikely to be sustainable since this was looking for the largest floor plates and new when the major schemes for 2011 secured their tenants here include Google – circa 150,000 anchor tenants. These included Citibank leasing sq ft (moving from AXA Tower), White & Case 250,000 sq ft in Asia Square Tower 1, ANZ (relocating from Singapore Land Tower), Julius Bank and BNP Paribas both taking 200,000 Baer leasing around 60,000 sq ft (relocating from sq ft and 150,000 sq ft respectively in Ocean One George Street), Lloyds of London taking Financial Centre whilst Bank of America/Merrill 65,000 sq ft (also from One George Street) Lynch leased 120,000 sq ft in OUE Bayfront.
    [Show full text]