DOCSLIB.ORG

Capitaland Commercial Trust Singapore’S First and Largest Commercial REIT

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Capitaland Commercial Trust Singapore’S First and Largest Commercial REIT CapitaLand Commercial Trust Singapore’s First and Largest Commercial REIT Nomura Investment Forum Asia 2018 5 June 2018 1 Important Notice This presentation shall be read in conjunction with CCT’s 1Q 2018 Unaudited Financial Statement Announcement. The past performance of CCT is not indicative of the future performance of CCT. Similarly, the past performance of CapitaLand Commercial Trust Management Limited, the manager of CCT is not indicative of the future performance of the Manager. The value of units in CCT (CCT Units) and the income derived from them may fall as well as rise. The CCT Units are not obligations of, deposits in, or guaranteed by, the CCT Manager. An investment in the CCT Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the CCT Manager redeem or purchase their CCT Units while the CCT Units are listed. It is intended that holders of the CCT Units may only deal in their CCT Units through trading on Singapore Exchange Securities Trading Limited (SGX-ST). Listing of the CCT Units on the SGX-ST does not guarantee a liquid market for the CCT Units. This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward- looking statements as a result of 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 other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of the CCT Manager on future events. 2 CapitaLand Commercial Trust Presentation Jun 2018 Contents Slide No. 1. Singapore Office Market 04 2. About CCT 15 3. Portfolio Performance 30 4. Financial Results and Capital Management 37 5. Looking Ahead 37 6. Additional Information 40 7. Acquisition of Gallileo, Frankfurt, Germany 51 *Any discrepancies in the tables and charts between the listed figures and totals thereof are due to rounding. 3 CapitaLand Commercial Trust Presentation Jun 2018 1. Singapore Office Market Capital Tower, Singapore 4 Annual new supply to average 0.7 mil sq ft over 4 years; CBD Core occupancy at 94.1% as at end Mar 2018 Singapore Private Office Space (Central Area) (1) – Net Demand & Supply 3.0 Forecast average annual 2.7 Post-Asian financial crisis, SARs & gross new supply 2.5 GFC -weak demand & undersupply 2.2 (2018 to 2021): 0.7 mil sq ft 1.9 1.9 2.0 1.7 1.8 1.5 1.61.6 1.4 1.4 CapitaSpring 1.5 1.3 1.3 1.4 1.0 0.9 1.0 0.8 0.7 0.8 0.8 0.6 0.6 0.6 0.50.4 0.4 0.4 0.5 0.3 0.2 0.3 0.3 0.1 0.2 0.2 -1.4 -0.8 -0.7 -0.6 sq ft million 0.0 -0.1 -0.03 -0.1 -0.05 -0.5 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1Q 2018F 2019F 2020F 2021F -1.0 2018 -1.5 Net Supply Net Demand Forecast Supply -2.0 Periods Average annual net supply(2) Average annual net demand 2008 – 2017 (through 10-year property market cycles) 1.2 mil sq ft 0.7 mil sq ft 2013 – 2017 (five-year period post GFC) 1.0 mil sq ft 0.5 mil sq ft 2018 – 2021 (forecast gross new supply) 0.7 mil sq ft N.A. Notes: (1) Central Area comprises ‘The Downtown Core’, ‘Orchard’ and ‘Rest of Central Area’ (2) Supply is calculated as net change of stock over the quarter and may include office stock removed from market due to conversions or demolitions. (3) Source: Historical data from URA statistics as at 1Q 2018; Forecast supply from CBRE Pte. Ltd. as at 4Q 2017. 5 CapitaLand Commercial Trust Presentation Jun 2018 Known Future Office Supply in Central Area (2018 – 2021) Expected Proposed Office Projects Location NLA (sq ft) completion (1) 2Q 2018 Frasers Tower Shenton Way 663,000 2H 2018 18 Robinson Robinson Road 145,000 Subtotal (2018): 808,000 2019 Redevelopment of Funan DigitaLife Mall(2) Beach Road/City Hall 204,000 2019 Park Mall Redevelopment Orchard Road 352,000 Subtotal (2019): 556,000 1H 2020 79 Robinson Road Robinson Road 500,000 2Q 2020 Hub Synergy Point Redevelopment Anson Road 128,000 2020 Afro-Asia Building Redevelopment Shenton Way 154,000 Subtotal (2020): 782,000 2021 CapitaSpring, a new integrated development at Market Street(3) Raffles Place 635,000 Subtotal (2021): 635,000 TOTAL FORECAST SUPPLY (2018-2021) 2,781,000 Total forecast supply excluding strata offices 2,781,000 Notes: (1) According to BT Report dated 12 January 2018, about 70% of Frasers Tower’s NLA has been committed. (2) WeWork, a coworking operator has taken up 40,000 sq ft of space in the office component of Funan DigitaLife Mall (announced on 14 Dec 2017) (3) CapitaSpring reported committed take-up by JPMorgan for 24% of the development’s NLA (4) Sources: CBRE Pte. Ltd. and respective media reports 6 CapitaLand Commercial Trust Presentation Jun 2018 Grade A office market rent up 3.2% QoQ and 8.4% YoY % 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 Mthly rent (S$ / sq ft ) 9.90 9.50 9.30 9.10 8.95 8.95 9.10 9.40 9.70 % change - 4.8% - 4.0% - 2.1% - 2.2% -1.6% 0.0% 1.7% 3.3% 3.2% $20 S$18.80 $18 $16 S$11.40 $14 S$11.06 S$9.70 $12 $10 $8 S$9.55 $6 S$8.00 $4 $2 S$4.48 Monthly gross rent by per square foot square per by rent gross Monthly Global financial Euro-zone Post-SARs, Dot.com crash crisis crisis $0 1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Source of data: CBRE Pte. Ltd. (figures as at end of each quarter). 7 CapitaLand Commercial Trust Presentation Jun 2018 2. About CCT Ng Hock How, CapitaLand “Building People” Photography Competition 2012 CompetitionCapitaLandPeople”Photography How,Hock“Building Ng Raffles City Singapore 8 CapitaLand Commercial Trust Presentation May 2018 CapitaLand Commercial Trust First and Largest Commercial REIT in Singapore (since 11 May 2004) S$6.3b# 10 S$10.7b* About 4.5 million 30% Market Properties in Singapore’s Deposited Owned by Capitalisation Central Area Properties sq ft NLA (100% basis) CapitaLand Group Raffles City Singapore (60.0% interest) CapitaSpring CapitaGreen Asia Square Tower 2 (45.0% interest) One George Street Capital Tower Twenty Anson HSBC Building Bugis Village (50.0% interest) Six Battery Road # Market Capitalisation based on closing price of S$1.69 per unit as at 1 Jun 2018 * Deposited Properties as at 31 March 2018 9 CapitaLand Commercial Trust Presentation Jun 2018 Owns 10 centrally-located quality commercial properties New integrated development, CapitaSpring at Market Street under construction 7 Twenty Anson Asia Square 1 Capital Tower 2 Tower 2 8 HSBC Building Six Battery 3 CapitaGreen 4 Road 9 Bugis Village One George Raffles City CapitaSpring(3) 5 Street(1) 6 Singapore(2) 10 Note: (1) CCT has 50.0% interest in One George Street. 10 (2) CCT has 60.0% interest in Raffles City Singapore. (3) CCT has 45.0% interest in CapitaSpring. 77% of gross rental income(1) contributed by office and 23% by retail and hotels & convention centre CCT 1Q 2018 income contribution by sector Hotels & Convention Centre, 9% Office, 77% Master lease to Gross Rental hotel operator with Income Mainly about 75% of rent 1Q 2018 from 60% on fixed basis interest in Raffles City Retail, 14% Note: (1) Based on gross rental income from 1 January 2018 to 31 March 2018; including gross rental income from CCT’s 60.0% interest in Raffles City Singapore and 50.0% interest in One George Street; and excluding retail turnover rent 11 CapitaLand Commercial Trust Presentation Jun 2018 Portfolio diversification with income contribution from 9 properties(1) Raffles City Singapore and Five Grade A offices contributed 90% of Portfolio NPI Twenty Anson, 3% Bugis Village, 2% One George Street Raffles City (50%), 4% Singapore (60%), HSBC Building, 5% 24% Six Battery Road, 13% Net Property Income 1Q 2018 Capital Tower, 13% Asia Square Tower 2, 18% CapitaGreen, 18% Note: (1) Based on net property income from 1 January 2018 to 31 March 2018; including net property income from CCT’s 60.0% interest in Raffles City Singapore and 50.0% interest in One George Street; and excluding retail turnover rent 12 CapitaLand Commercial Trust Presentation Jun 2018 Diverse tenant mix in CCT’s portfolio(1) Education and Services, 3% Government, 2% Legal, 3% Manufacturing and Banking, 19% Distribution, 5% Food and Beverage, 6% Real Estate and Property Services, 7% Gross Rental Income as at Financial Services, 13% 31 Mar 2018 Insurance, 7% Retail Products and Services, 8% Energy, Commodities, Maritime and Logistics, 10% Business Consultancy, IT, Media and Hospitality, 9% Telecommunications, 8% Notes: (1) Based on committed monthly gross rental income of tenants as at 31 March 2018, including CCT’s 60.0% interest in Raffles City Singapore and 50.0% interest in One George Street; and excluding retail turnover rent 13 CapitaLand Commercial Trust Presentation Jun 2018 CCT
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]
  • POISED for a GRADUAL RECOVERY Senior Associate Director | Research | Singapore +65 6531 8567 [email protected]
    COLLIERS QUARTERLY OFFICE | SINGAPORE | RESEARCH | Q4 2020 | 14 JANUARY 2021 Shirley Wong POISED FOR A GRADUAL RECOVERY Senior Associate Director | Research | Singapore +65 6531 8567 [email protected] Tricia Song 2021–25 Director and Head | Research | Insights & Q4 2020 Full Year 2021 Annual Average Singapore > CBD Grade A office showed resilience with +65 6531 8536 Recommendations [email protected] 336,900 sq ft net absorption in 2020 despite CBD Grade A rents declined 2.1% GDP contraction of 5.8%, driven by previous QOQ in Q4 2020 and 5.4%* for Demand flexible workspace commitments. In 2021, -59,600 sq ft 787,900 sq ft 894,000 sq ft the full year to SGD9.57 (USD7.24) we expect technology to drive demand. per sq foot, on weak global > We expect relatively muted CBD Grade A economic conditions. We forecast supply in 2021-2022, with annual expansion rents to grow 5.5% by the end of averaging 2.6% of stock versus 4.7% for the 0 sq ft 783,900 sq ft 883,000 sq ft 2021, on an eventual economic Supply last five years. 2023 should see higher supply rebound and benign supply. at 4.5% of stock. We forecast new demand in 2021 Annual Average to be driven by the technology QOQ / YOY / Growth 2021–25 / End Q4 End 2021 End 2025 sector. Meanwhile, Q4 2020 CBD > CBD Grade A rents declined 2.1% in Q4 2020 Grade A vacancy of 5.2% (+1.8pp 1.0pp-2.1%* +3.7% and 5.4%* for the full year to SGD9.57 5.5% YOY) could tighten over the next (USD7.24) per sq foot.
    [Show full text]
  • CAPITALAND COMMERCIAL TRUST 2Q 2020 Financial Results 23 July 2020 Important Notice
    CAPITALAND COMMERCIAL TRUST 2Q 2020 Financial Results 23 July 2020 Important Notice This presentation shall be read in conjunction with CCT’s 2Q 2020 Unaudited Financial Statement Announcement. This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of 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, availability of real estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding 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. Neither CapitaLand Commercial Trust Management Limited (“Manager”) nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.
    [Show full text]
  • Capitacommercial Trust CIRCULAR DATED 9 JUNE 2008 Overview
    CAPITACOMMERCIAL TRUST CAPITACOMMERCIAL CIRCULAR DATED 9 JUNE 2008 OVERVIEW THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. (Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended)) Singapore Exchange Securities Trading Limited takes no responsibility for the accuracy of any statements or opinions made, or reports contained, in this Circular. If you are in any doubt as to the action you should take, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser immediately. If you have sold or transferred all your units in CapitaCommercial Trust, you should immediately forward this Circular, together with the Notice of Extraordinary General Meeting and the accompanying Proxy Form in this Circular, to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for onward transmission to the purchaser or transferee. Meanings of capitalised terms may be found in the Glossary of this Circular. CIRCULAR DATED CIRCULAR DATED CIRCULAR TO UNITHOLDERS IN RELATION TO: 9 JUNE 2008 (1 GEORGE STREET) (1) the proposed acquisition of 1 George Street, Singapore; and (2) The proposed general mandate for the issue of new Units and/or Prime Landmark Office Building Convertible Securities. 1 George Street is one of the newest premier commercial properties prominently located in the core of Singapore’s CBD with large column-free floor plates and state-of-the-art building specifications IMPORTANT DATES AND TIMES FOR UNITHOLDERS MANAGED BY CAPITACOMMERCIAL TRUST designed to suit tenants in the financial services industry and Last date and time for lodgment of Proxy Forms : Wed, 25 June 2008 at 10.30 a.m.
    [Show full text]
  • 1 CAPITALAND COMMERCIAL TRUST ANNOUNCEMENT ASSET VALUATION Pursuant to Rule 703 of the Singapore Exchange Securities Trading
    CAPITALAND COMMERCIAL TRUST (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 6 February 2004 (as amended)) ANNOUNCEMENT ASSET VALUATION Pursuant to Rule 703 of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual, CapitaLand Commercial Trust Management Limited (the “Manager”), as manager of CapitaLand Commercial Trust (“CCT”), wishes to announce that independent valuations as at 30 June 2019, have been obtained for the properties owned/ jointly owned by CCT. The value of CCT’s Singapore properties comprising Asia Square Tower 2, CapitaGreen, Capital Tower, Six Battery Road and 21 Collyer Quay (HSBC Building) was S$7,112.2 million in aggregate as at 30 June 2019. This figure of S$7,112.2 million excludes CCT’s 60.0% interest in Raffles City Singapore held through RCS Trust, 50.0% interest in One George Street held through One George Street LLP and 45.0% interest in CapitaSpring held through Glory Office Trust and Glory SR Trust. The value of Raffles City Singapore as at 30 June 2019 was S$3,340.0 million. CCT’s 60.0% interest in Raffles City Singapore held through RCS Trust was S$2,004.0 million. The value of One George Street was S$1,141.0 million as at 30 June 2019. CCT’s 50.0% interest in One George Street held through One George Street LLP was S$570.5 million. The value of CapitaSpring, based on the residual land value approach, was S$1,062.0 million. CCT’s 45.0% interest in CapitaSpring held through Glory Office Trust and Glory SR Trust amounts to S$477.9 million.
    [Show full text]
  • CAPITALAND COMMERCIAL TRUST Capitaland Group Corporate Day, Bangkok 14 August 2019 Important Notice
    CAPITALAND COMMERCIAL TRUST CapitaLand Group Corporate Day, Bangkok 14 August 2019 Important Notice This presentation shall be read in conjunction with CCT’s 2Q 2019 Unaudited Financial Statement Announcement. The past performance of CCT is not indicative of the future performance of CCT. Similarly, the past performance of CapitaLand Commercial Trust Management Limited, the manager of CCT is not indicative of the future performance of the Manager. The value of units in CCT (CCT Units) and the income derived from them may fall as well as rise. The CCT Units are not obligations of, deposits in, or guaranteed by, the CCT Manager. An investment in the CCT Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the CCT Manager redeem or purchase their CCT Units while the CCT Units are listed. It is intended that holders of the CCT Units may only deal in their CCT Units through trading on Singapore Exchange Securities Trading Limited (SGX-ST). Listing of the CCT Units on the SGX-ST does not guarantee a liquid market for the CCT Units. This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of 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 other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.
    [Show full text]
  • Frankfurt Rheinmain 30.3. – 4.4.2014 Biennale Der Lichtkultur
    Frankfurt RheinMain 30.3. – 4.4.2014 Biennale der Lichtkultur Biennale Lighting Culture Parallel zur www.luminale.de Impressum Grußwort Greetings www.luminale.de Liebe Luminale-Fans, Dear Luminale Fans, liebe Gäste, dear Guests, Redaktion es ist mir eine Freude, It is my pleasure to invite Helmut M. Bien Sie zur 7. Ausgabe der you to the 7th edition Angelika Kroll-Marth Luminale einzuladen. Als of Luminale, the Lighting Westermann Kommunikation Biennale der Lichtkultur Culture Biennale, which Gesellschaft für Publizistik mbH begleitet sie die Architek- accompanies the architec- Stiegelgasse 39 turmesse Light+Building. ture fair Light+Building. 55218 Ingelheim Frankfurt am Main wird in diesen Over the coming days, Frankfurt am Tagen zum international wichtigsten Main will be the most important Layout, Grafi k, Produktion Treffpunkt der Fachleute. Abends meeting place for experts from the Peter Sauer zieht es die Luminale-Besucher auf sector. In the evening Luminale visi- Messe Frankfurt Straßen und Plätze, um sich von tors fill the streets and squares of Medien und Service GmbH Kunstwerken, Design-Objekten, Publishing Services the city where they can enjoy works Ludwig-Erhard-Anlage 1 Performances und Licht-Klang-In- of art, design objects, performances 60327 Frankfurt am Main stallationen faszinieren zu lassen. and light and sound installations. Zur Luminale öffnet sich die Stadt During Luminale, the city becomes Sanart Grafi k Design, Bad Vilbel den Kreativen als Experimentierfeld. an experimental proving ground for Dieser Labor-Charakter unterscheidet creative personalities. This labora- Übersetzung die Luminale von der Vielzahl der tory character distinguishes Veronica Özbakir, Bad Vilbel Lichtfestivals, die – nicht zuletzt Luminale from the numerous other inspiriert durch den Erfolg der lighting festivals, many of which are Litho Luminale – mit Licht Leute in ihre inspired by the success of Luminale Reproduktion45, Frankfurt am Main Innenstädte locken.
    [Show full text]
  • Capitaland Commercial Trust
    CAPITALAND COMMERCIAL TRUST FY 2019 Financial Results – Additional Information 22 January 2020 FY 2019 Gross Revenue higher by 4.7% YoY Higher gross revenue mainly from Gallileo, Main Airport Center, Asia Square Tower 2 and 21 Collyer Quay S$ million FY 2018 FY 2019 110.3 105.0 91.1 91.4 71.4 73.1 68.9 67.2 Divested on 29 Aug 2018 25.3 27.2 20.4 12.8 12.5 11.8 10.1 7.7 - - (1) (2) Asia Square CapitaGreen Capital Tower Six Battery Road 21 Collyer Quay Gallileo Main Airport Bugis Village Twenty Anson Tower 2 Center (MAC) (1) Notes: (1) CCT owns 94.9% of Gallileo and MAC which contributed revenue and income from 19 June 2018 and 18 September 2019 respectively. The reported figure is on 100.0% basis. (2) Bugis Village returned to the State on 1 April 2019. 2 CapitaLand Commercial Trust Presentation Jan 2020 FY 2019 Net Property Income higher by 2.1% YoY Net property income lifted mainly by Asia Square Tower 2, Gallileo, 21 Collyer Quay S$ million FY 2018 FY 2019 83.4 80.0 73.3 72.0 54.8 56.3 55.1 52.8 Divested on 29 Aug 2018 24.7 22.5 20.3 12.3 9.3 9.4 5.0 4.5 - - Asia Square CapitaGreen Capital Tower Six Battery Road 21 Collyer Quay Gallileo (1) Main Airport Bugis Village(2) Twenty Anson Tower 2 Center (MAC)(1) Notes: (1) CCT owns 94.9% of Gallileo and MAC which contributed revenue and income from 19 June 2018 and 18 September 2019 respectively.
    [Show full text]
  • Trade Marks Journal No: 1795 , 01/05/2017 Class 28
    Trade Marks Journal No: 1795 , 01/05/2017 Class 28 3378457 25/05/2016 [International Registration No. : 1303365] Hunter, Jeff 15478 Sylvan Street Van Nuys CA 91411 United States of America Coker, Kristina 15478 Sylvan Street Van Nuys CA 91411 United States of America Proposed to be Used IR DIVISION Athletic equipment, namely, guards for protecting the hand and wrist. 4801 Trade Marks Journal No: 1795 , 01/05/2017 Class 29 3363961 21/12/2015 [International Registration No. : 1301504] Laixishi Shunxiang Peanut Products Co., Ltd. Zhanjiahui Village, Yuanshang Town, Laixi City, Qingdao City Shandong Province China Proposed to be Used IR DIVISION Processed sesame; processed manufactured bean; processed hazelnuts; processed pine nut; potato crisps; peanut butter; refined nuts; nuts, prepared; processed melon seeds. 4802 Trade Marks Journal No: 1795 , 01/05/2017 Class 29 3387243 16/03/2016 [International Registration No. : 1305603] FUJIAN HAISHAN FOODS CO., LTD. Xiaye Village, Chengxi, Longhai Fujian China Proposed to be Used IR DIVISION Charcuterie; fish (food products made from -); fruits, tinned [canned (Am.)]; meat, tinned [canned (Am.)]; seafoods, tinned [canned (Am.)]; vegetables, tinned [canned (Am.)]; vegetables, preserved; pickled vegetables. 4803 Trade Marks Journal No: 1795 , 01/05/2017 Class 29 3387514 20/03/2016 [International Registration No. : 1305990] Qingdao Chengyang Vegetables and Aquatic Products Wholesale Market Co., Ltd. Chengyang Village, Chengyang District, Qingdao City Shandong Province China Proposed to be Used IR DIVISION Meat; shellfish, not live; shrimps, not live; frozen fruits; vegetables, preserved; milk products; edible oils; jellies for food; vegetable salads. 4804 Trade Marks Journal No: 1795 , 01/05/2017 Class 30 2910059 15/09/2014 [International Registration No.
    [Show full text]
  • 1 CAPITALAND COMMERCIAL TRUST ANNOUNCEMENT ASSET VALUATION Pursuant to Rule 703 of the Singapore Exchange Securities Trading
    CAPITALAND COMMERCIAL TRUST (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 6 February 2004 (as amended)) ANNOUNCEMENT ASSET VALUATION Pursuant to Rule 703 of the Singapore Exchange Securities Trading Limited (“ SGX-ST ”) Listing Manual, CapitaLand Commercial Trust Management Limited (the “Manager ”), as manager of CapitaLand Commercial Trust (“ CCT ”), wishes to announce that independent valuations as at 30 June 2020, have been obtained for the properties owned/ jointly owned by CCT. Notwithstanding the announcement by the Manager on 26 February 2020 that it will conduct property valuations on an annual basis, in light of the proposed merger between CCT and CapitaLand Mall Trust (“ CMT ”) which was announced on 22 January 2020 (the “ Merger ”), the Manager had commissioned the valuations as part of the process to update certain information required for purposes of the Merger. The value of CCT’s Singapore properties comprising Asia Square Tower 2, CapitaGreen, Capital Tower, Six Battery Road and 21 Collyer Quay was S$7,020.5 million in aggregate as at 30 June 2020. This figure of S$7,020.5 million excludes CCT’s 60.0% interest in Raffles City Singapore held through RCS Trust, 50.0% interest in One George Street held through One George Street LLP and 45.0% interest in CapitaSpring held through Glory Office Trust and Glory SR Trust. The value of Raffles City Singapore as at 30 June 2020 was S$3,266.0 million. CCT’s 60.0% interest in Raffles City Singapore held through RCS Trust was S$1,959.6 million. The value of One George Street was S$1,122.0 million as at 30 June 2020.
    [Show full text]
  • FRANKFURT ““Inin Youryour Pocket:Pocket: a Cheeky,Cheeky, Wwell-Ell- Wwrittenritten Sserieseries Ooff Gguidebooks.”Uidebooks.” Tthehe Nnewew Yyorkork Timestimes
    Hotels Restaurants Cafés Nightlife Sightseeing Events Maps FRANKFURT ““InIn YYourour Pocket:Pocket: A cheeky,cheeky, wwell-ell- wwrittenritten sserieseries ooff gguidebooks.”uidebooks.” TThehe NNewew YYorkork TimesTimes OOctoberctober - NNovemberovember 22009009 The Book Fair Focus on China Ebbelwei Express The apple cider tram N°41 - €1.75 frankfurt.inyourpocket.com CONTENTS 3 the place to be for change. ESSENTIAL CITY GUIDES Contents Frankfurt’s districts 5 Getting streetwise Arrival & Transport 6 Get your bearings on S, U and ICE Ebbelwei Express 7 All aboard the totty tram Culture & Events 8 Theatres and shows Where to stay 11 From park bench to Park Grand Restaurants 16 Local or international, and cafés too Nightlife 29 From light drinking to debauchery Wellness 33 Massages and therapies Adult entertainment 34 Go on then, you naughty businessman What to see 36 The buildings, the history, the river Berlin – city of change. 40 Twenty years after the Wall came Bad Homburg down, the city still pulsates with Skyscrapers 41 history, creativity, variety and Frankfurt’s big boys diversity like nowhere else on earth. This is what makes Berlin Shopping 42 truly unique. Whatever you need To find out more, visit Directory 44 www.mauerfall09.de Maps & Index Centre map 46 Street register 48 Transport map 49 Venue index 50 be open, be free, be berlin. www.be.berlin.de frankfurt.inyourpocket.com October - November 2009 4 FOREWORD FRANKFURT DISTRICTS 5 With the advent of a cool autumn, Frankfurters Frankfurt is perhaps the most international city in Germany. German Foreign Minister, Joschka Fischer. Today it holds a heat up as the cultural season kicks off again after Cover story Despite its small size in comparison with the more popular large crowd of young professionals while still maintaining its a lazy summer.
    [Show full text]
  • Office Sector Briefing
    Offi ce sector briefi ng Singapore May 8, 2008 "Singapore’s Grade ‘A’ offi ce market continued its upward trend in the fi rst quarter of 2008 supported by demand from the fi nancial sector. Rents continued to rise, although at a slower rate than six months ago" The leasing market characterised by pre-commitment URA release two more transitional sites for sale at the deals fringe of the CBD Standard Chartered Bank takes another 225,000 sq.ft. Singapore Land Authority to move out from the central in Changi Business Park area Transitional offi ce and State properties see good take- Investment sales transactions of offi ces increase up rates by 29 per cent compared with the same period last year Image: The Central at Clarke Quay Savills Research www.savills.com Offi ce sector briefi ng Demand for Offi ce Space Remained Firm Tenant enquiry levels remained steady, and coupled with Two adjacent transitional offi ce land parcels were recently the shrinking availability of space, resulted in a spate of pre- awarded. Located on Scotts Road and Anthony Road, the commitments for yet-to-be-completed projects. The trend is land parcels with a combined site area of 2.18 ha will yield particularly prevalent in the fi nancial sector. Swiss private a total GFA of about 285,244 sq.ft. Land Parcel A was banking group EFG Bank leased 52,000 sq.ft. or two-thirds awarded to UOB Kay Hian Trading at S$242.5 per sq.ft. per of an upcoming nine-storey offi ce block along the edge of the plot ratio (ppr), while Land Parcel B was awarded to Sun CBD.
    [Show full text]