2013 issue/01

A quarterly publication by Mapletree Group

4 Singapore’s Largest IPO Launched

8 A Landmark Double Play in China

16 Arts in a Business City GoGo, an art installation by Marc Ruygrok, awaits its launch between VivoCity and HarbourFront Centre. Welcoming visitors as they drive in, the work is a playful take on alternative and futuristic modes of transport. It also references the accessibility of the area, with VivoCity acting as a gateway for visitors to Sentosa, and HarbourFront Centre serving as an international cruise centre for ferries and luxury liners. GoGo is one of seven specially commissioned artworks from the inaugural Singapore Biennale in 2006 at VivoCity, which effectively brings art into public spaces to create a more holistic lifestyle experience. For more on the launch of a commemorative book on these artworks, see page 11.

MCI (P) 151/01/2013 CO 200010560E CONTENTS

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Singapore’s Largest IPO Launches with a Flourish 8 11 16

A Landmark Double Play in China On the Waterfront Arts in a Business City

Mapletree Greater 5 Retail: A New Frontier 10 China Commercial Trust by Numbers All Roads Lead to Vietnam 14

Jaya Shopping Centre 6 Space for Lease 17 Makes a Comeback As a Lifestyle Mall Mapletree Industrial Trust 18 Build-to-Suit Solutions: MIT to Custom Build New Global Headquarters Data Centre for Equinix for Kulicke and Soffa

Stronger Ties with Foshan 7 Mapletree Offices 19

About mapping

Welcome to the revamped mapping. Mapping is a quarterly publication by Mapletree Group. Sporting a new look, mapping will not only present updates on happenings within the Mapletree Group, but also carry articles on real estate trends and issues, as well as feature stories on Mapletree’s business partners and stakeholders.

We hope you will enjoy reading mapping. Do share with us your feedback and tell us what you would like to read in our publication. Simply send your comments to: [email protected] 4 m news 5

Mapletree’s REITs to S$10.8 billion and Beijing. Additionally, MGCCT will Mapletree Greater China Commercial Trust by Numbers Singapore’s as at 31 March 2013. With this addition carry out active asset management Largest IPO to Mapletree’s suite of REITs, the and asset enhancement initiatives Mapletree Group now has a sizable to further extract value from the Launches with presence on the Singapore bourse, two properties. IPO making up about 18 percent of the a Flourish total market capitalisation of the With positive and favourable investment Mapletree’s fourth REIT has Singapore REIT (S-REIT) market. prospects, MGCCT secured robust been launched successfully, investor commitment. Besides having 238 As the first-ever REIT with commercial its total placement tranche and public S billion and is already making waves $1.68 properties in both China and Hong Kong offer almost 30 times subscribed, X in the Singapore market. gross proceeds raised, 30 SAR, MGCCT has presented investors MGCCT also secured 11 reputable making MGCCT the largest subscribed Million units with the unique opportunity to participate international cornerstone investors – REIT IPO ever in Singapore transacted on the in the favourable growth dynamics including CBRE Clarion, Norges Bank first day of trading of Greater China. The initial portfolio Investment Management, Henderson, comprises two best-in-class commercial Morgan Stanley Investment Management, properties: Festival Walk in Kowloon Newton Investment Management and Tong area and Gateway Plaza in Beijing. AIA, who subscribed for “Cornerstone MGCCT Units”, which are separate from the IPO. Both properties enjoy excellent connectivity, with convenient direct MGCCT is also the first S-REIT to access to major roads, expressways, operate with a performance-based Million subways and rail lines. With an aggregate fee structure. While the management 2.4 billion Million gross floor area of approximately fee structures for most S-REITs are S$4.3 square feet gross floor area 2.4 million square feet, the properties based on assets under management Mapletree’s Group CEO, Mr Hiew Yoon Khong, total valuation square1.9 feet lettable floor area and Mr Muthukrishnan Ramaswami, President, have a committed occupancy of about and net property income, MGCCT’s Singapore Exchange Limited at the MGCCT 99 percent, as at 30 November 2012. management fee structure is based listing ceremony on distributable income and growth The MGCCT IPO offers investors in distribution per unit (DPU). Not only Mapletree successfully listed its fourth an attractive distribution yield of does this align the interest of the REIT real estate investment trust (REIT) on 5.6 percent over the projection year Manager (Mapletree Greater China % % 7 March 2013, the Mapletree Greater FY13/14, and 6.1 percent in projection Commercial Trust Management Ltd, China Commercial Trust (MGCCT) – year FY14/15, based on its IPO price or the “Manager”) with that of the 5.6 6.1 with an initial public offering (IPO) of S$0.93 per unit, with its distribution investors, the unique performance- Million estimated distribution for Projection price of S$0.93 per unit. growth driven by strong organic rental linked management fee structure will annual38 shopper traffic yield for Projection Year 13/14 Year 14/15 reversions, supported by strong market incentivise the Manager to deliver at Festival Walk Adding to Mapletree’s established track dynamics in both Hong Kong SAR sustainable DPU growth for unitholders. record in listing and managing REITs, MGCCT made a strong debut, with a MGCCT Stock Information closing price of S$1.03 per unit, almost At IPO (7 March 2013) At 3 May 2013 11 percent above its IPO price. In all, the IPO Price Closing Price IPO raised proceeds of over S$1.6 billion, assets making MGCCT the largest REIT IPO % in Singapore to date. Mapletree holds a S$0.93 S$1.115 32 percent stake in the REIT (post the Market Cap Market Cap exercise of the Over-Allotment Option). 99 occupancy rate as at MGCCT has an estimated market S$2,475 Million S$2,968 Million 30 November 2012 capitalisation of S$2.8 billion, bringing 19.9% increase the total market capitalisation of 2 6 m news

Jaya Shopping Centre Makes a Comeback As a Lifestyle Mall Following a MYR 400 million re-development, the new Jaya Shopping Centre aims to be a lifestyle destination and a familial focus for the community.

Jaya Shopping Centre will be divided into be it over recreation or running day-to- seven retail zones to specially cater to the day errands. needs of various groups of consumers. This includes Family & Conveniences; The community has many memories Working Professionals; Young Adults; attached to the old mall, an iconic The re-developed mall aims to be a self- contained, “home-away-from-home” for Family & Education; Lifestyle; Leisure; and 40-year old built in 1974. members of the community Youth and Entertainment. The new mall The new and improved icon is envisioned boasts 270,000 square feet (sq ft) spread to carry on the tradition of being the The Jaya Shopping Centre, which was over seven levels of retail space and four favourite shopping centre in Petaling demolished as part of its redevelopment levels of basement parking, and is more Jaya, and will house 30 percent of its plan, is currently undergoing a than double the space of the old mall of original tenants when it reopens. To date, MYR 400 million transformation, and 130,000 sq ft. the mall has pre-leased over 60 percent is expected to re-open its doors in of its net lettable area to some 80 tenants. the second half of the year. Besides aiming to be an integral part of the community with its return, the new The mall is developed and managed Located within the 500,000 strong mall also aims to be a self-contained, by Jaya Section Fourteen Sdn Bhd, an established and vibrant “home-away-from-home” for members investment arm of a private real estate community, one of the most diverse and of the community, a space where busy fund managed by CIMB-Mapletree affluent in , the newly renovated families can spend quality time together Management Sdn Bhd.

Spanning a gross floor area of about This collaboration will allow Equinix to MIT to Custom 385,000 square feet, the seven-storey focus on its core business activities, while Build Data Centre high specification building is situated MIT manages the capital expenditure and within the one-north precinct. It is development process for the building. This for Equinix scheduled for completion in the second is MIT’s second data centre development half of 2014, at an estimated cost of and the second BTS project secured in Mapletree Industrial Trust (MIT) celebrated S$108 million. Estimated costs could the financial year ended 31 March 2013, the groundbreaking ceremony of a build- reach S$217 million, should Equinix attesting to MIT’s development expertise to-suit (BTS) facility for Nasdaq-listed exercise options to equip two floors in in customising high-specification industrial Equinix Inc, on 18 April 2013. Equinix is the centre with additional infrastructure, facilities. See Property Spotlight on page a global interconnection and data centre to further support data centre activities. 18 for MIT’s other BTS development for company, with a presence in 15 countries Located in the south-western region Kulicke and Soffa. and 31 markets, routing more than of Singapore, the property is easily Artist’s impression of Equinix’s third IBX 90 percent of the world’s internet traffic accessed via major expressways, over 900 telecommunication exchanges. and is well connected by the public transportation network. The facility is to be Equinix’s third International Business Exchange (IBX) data Equinix is committed to lease the entire centre in Singapore, catering to increasing facility for a tenure of 20 years with local demand for premium interconnection an option to renew for two additional and data centre services in Singapore, five-year terms, or any other duration from financial and cloud companies. depending on the remaining land lease. m china focus 7

Stronger Ties with Foshan Mapletree has forged a stronger relationship with Foshan, China, as work on a premium business development within Guangzhou South Railway Station economic circle commences. Artist’s impression of South Station Enterprise City, the first and largest premium business development to be built within Guangzhou South Railway Station economic circle

Mapletree recently celebrated the business development in Guangzhou enhancing the transportation groundbreaking of South Station and Foshan. connectivity of Sanshan New City. Enterprise City at Sanshan New City in Foshan. When completed, it will be Located within Sanshan New City, a “South Station Enterprise City will the first and largest premium business financial and commercial centre being herald a new standard for Guangzhou development to be built within China’s developed as part of the integration and Foshan, by benchmarking itself to Guangzhou South Railway Station between Guangzhou and Foshan, Singapore’s Grade-A office features,” economic circle. South Station Enterprise City will enjoy said Mr Hiew Yoon Khong, Mapletree’s easy access to modern and efficient Group Chief Executive Officer. “With One year after Foshan’s Mayor, transportation hubs, including the new its innovative business space design, Mr Liu Yuelun, paid a visit to Mapletree Guangzhou South Railway Station and eco-friendly features and state-of-the-art Business City in Singapore, Foshan Guangzhou Baiyun International Airport. amenities, South Station Enterprise City government officials and Mapletree The project is in close proximity to is well-positioned to meet the real estate senior management gathered at Guangzhou’s South Railway Station, the requirements of regional headquarters, Sanshan New City, to witness the largest railway transportation hub in Asia, companies in information and technology, groundbreaking, a milestone that and is expected to draw large volumes finance, research and development, and marks the strengthening relationship of cross-border travellers. This provides larger back-of-the-office operations.” between Mapletree and Foshan. further impetus for future improvements in The Group’s second integrated infrastructure, and for other urbanisation This office and business development development in Foshan, South Station opportunities within Sanshan New City. utilises one of Mapletree’s key business Enterprise City is further evidence strategies in China, by building on of Mapletree’s commitment to and With Sanshan New City situated the company’s proven track record confidence in the city. in the central region of the Pearl of combining work and entertainment River Delta area, Mapletree’s latest spaces – creating what will soon be South Station Enterprise City will development in Foshan will be Asia’s most exciting new high-tech and span across 500,000 square metres, encircled by Guangzhou City to its eco-friendly commercial development. comprising 23 premium office buildings, east, Foshan city to its west and with ample commercial and supporting Hong Kong SAR to its south. With Phase 1A of South Station Enterprise amenities. This is Mapletree’s first the completion of the much anticipated City is expected to be completed integrated office and business Guangzhu Light Railway, Foshan City in 2014. Marketing for the project development in Foshan – and is also (together with Macau) will be accessible is scheduled to commence from the the largest premium headquarters and within a one-hour radius, further fourth quarter of 2013. 8 m china focus 9

Mapletree Minhang Development Project The Mapletree Minhang Development Minhang District: a populous, is set to be the first large-scale commercial and retail development of its kind in Project spans a total gross floor area decentralised business district that Minhang district of 297,000 sqm. Upon completion, houses about 2.5 million people, or it will become the first large-scale 11 percent of Shanghai’s population commercial and retail development of its kind in the district, catering to the fast Located in Xinzhuang: excellent expansion needs of both multinational connectivity to the Shanghai Hongqiao VivoCity corporations and large domestic International Airport and convenient office tenants. In line with China’s access provided by the High Speed sustained economic growth, continued Rail Station; extensive connectivity to rapid urbanisation and the resultant all parts of Shanghai being located at decentralisation of concentrated areas, the intersection of two new subway lines it is one of several new Mapletree projects seeking to capitalise on the emerging demand for high quality, cost- effective Grade-A office alternatives outside Shanghai’s CBD area.

Mapletree established its presence VivoCity: gross floor area in China in 2005, and the Greater of 120,000 sqm, including China region is now the company’s 17,000 sqm of basement retail largest overseas market to date, space; features over 280 shops A Landmark Double Play in China with total assets under management including a supermarket and Mapletree’s upcoming Minhang Development Project in Shanghai sitting at S$5.7 billion (RMB 28.6 billion) a cinema, houses an open- features two of its iconic brands, further affirming the company’s as at 31 March 2012. Mapletree’s air rooftop garden and a development know-how in China. children’s playground business strategy has evolved from Central acquiring and developing logistics Business As Mapletree celebrated another MBC in Singapore is a world-class properties for its capital management District successful launch on a spring day in business development at the fringe of platform, Mapletree Logistics Trust, Xinzhuang Town China recently, it also observed another Singapore’s CBD, conceived to support to developing mixed-use residential Mapletree significant milestone – the likelihood of the needs of leading multi-national and commercial properties – including Minhang Business City featuring two of its award-winning flagship businesses. In a similar way, the MBC Future City in Xi’an and Nanhai Business brands under one roof for the first time. project in Minhang will provide 200,000 City – as well as premium business Shanghai square metres (sqm) of Grade-A office projects, such as the South Station The groundbreaking of the Mapletree space, together with high quality facilities Enterprise City in Foshan. Minhang Development Project on 18 March and environmentally sustainable features, 2013 marks the first franchise which to accommodate an impressive business With the development of another Business Centre: houses a large comprises both of Mapletree’s two flagship population of up to 20,000. major project, both in terms of scale conference hall, multi-functional Singapore development brands, Mapletree and quality, Mapletree will not only meeting rooms, video conference Business City (MBC) and VivoCity. As with the second Mapletree signature strengthen its foothold in the China room with state-of-the-art audio and brand, VivoCity, the new lifestyle mall market, but further demonstrate its video conference facilities The integrated commercial cum retail development in Minhang will offer expertise in mixed-use developments, development, worth around RMB 5 billion, full-scale retail, food and beverage and the introduction of signature Sky Bridge: connecting seven Mapletree Business City: is set to be Mapletree’s largest single faciilities, as well as service amenities brands into China. The development office towers and VivoCity Seven blocks of Grade-A office investment in China to date. Strategically to the office tenants of MBC. It is also will be constructed in three phases: towers of international top quality located within the fast-emerging set to be a prime entertainment and MBC in phases one and three; and design, targeting LEED GOLD Lush Central Park Design: as well Xinzhuang business district in Minhang, leisure destination for its surrounding VivoCity in phase two. Works for certification, 83 percent floor plate as surrounding landscape fronting it sits at the fringe of Shanghai’s vibrant catchment area, which sees over phase one are expected to commence efficiency, clear ceiling height of 3 metres a lake view central business district (CBD) and near 300,000 residents living within just in the first half of 2013, for completion the local government office. a three-kilometre radius. in 2015. 10 m china focus

brand name, make the mall an ideal partner for retailers seeking to broaden the horizons for their brands in Foshan. VivoCity is planning to partner with a wide variety of local and international retailers, both new and current, to create a unique and dynamic retail and lifestyle experience. Some of the established brands include Breadtalk, H&M, KFC, Starbucks and Watsons.

The mall comprises around 230 shops, with a third of its retail space dedicated to food and beverage businesses. This unique selling point, and the planning behind VivoCity Nanhai, will deliver shoppers a multitude of gastronomic experiences, catering perfectly to the spending patterns of local consumers.

Artist’s impression of VivoCity Nanhai Research suggests that Foshan residents dedicate around one-third of their monthly spending to dining. Furthermore, during their stay in With a gross floor area of over Foshan, visitors from Guangzhou Retail: 100,000 square metres and a also allocate a third of their total A New Frontier top-class tenant mix in the offering, spending on meals. the new mall is well poised to join VivoCity Nanhai partners with the ranks of Mapletree’s signature VivoCity Nanhai is part of Nanhai progressive retailers, in a bid brand, VivoCity, as a one-stop Business City, an integrated development to take retailing in Southern shopping, food and entertainment comprising offices, retail and residential China to a whole new level. lifestyle shopping centre. components. Located within the Qiandenghu financial centre and Benefitting from Mapletree’s capability With top-line facilities and a vibrant Foshan downtown areas, it has an in developing the VivoCity brand name consumer and lifestyle experience immediate catchment of around along with our managers’ on the for tenants and shoppers alike, VivoCity 220,000 residents living within a ground knowledge of the local business Nanhai has to date secured UA Cinemas three-kilometre radius, as well as environment, VivoCity Nanhai is set to and Lotus Hypermarket as two anchor 580,000 people in Guicheng. partner with a wide variety of retailers, tenants – who will collectively take up in a bid to create a unique consumer 25 percent of the overall retail space. Nanhai Business City is a project and lifestyle experience for the UA Cinemas is slated to be the first by the Mapletree India China Fund, Foshan community. five-star cinema complex in Foshan, a dual-country private real estate with a seating capacity of 1,600 people; fund that aims to capitalise on the VivoCity Nanhai is set to open in 2014 while renowned hypermart chain CP growth potential of the economies in Foshan, providing Southern China Lotus views the new development and demographic profiles of China the opportunity to welcome the large- as an ideal Nanhai location, closely and India. Launched in 2008 with a scale lifesyle destination. Mapletree in line with the mall’s positioning as a committed capital of US$1.16 billion, held a topping-out ceremony for the family destination. the fund focuses largely on the project in March, another significant investment and development of milestone for the construction of Mapletree’s established track record office, retail and residential real the landmark mall. and expertise at developing the VivoCity estate in both countries. m arts 11

In the space of an hour, the speckled iconic VivoCity development from the sunlight has faded and the breeze inaugural Singapore Biennale 2006. comes up, sending attractive ripple The inaugural book, Art in the City, patterns across the water and into showcased Mapletree Business City’s the middle distance. Equally too, (MBC) atoll inspired art collection. the sculpture now changes with the weather, its colour, warmth and As a patron of the arts, Mapletree Take me to shadow-play all altering organically, firmly believes that not only should as rain above threatens to break the great art and design be supported – the water inclement heat. it should be shared as a community A keen patron of the arts, treasure. This commitment is exhibited Mapletree is also a major Few things enliven our public spaces through the commissioned artworks proponent of bringing art like outdoor art, and nowhere is the around the public spaces at VivoCity out of the close confines of mix more effective than beside our and MBC, both of which act as galleries, and into the places waterways in a thriving city centre. permanent galleries for the all-weather that we live, work and play. To celebrate this pleasing interplay, artworks, and a further means to engage As a recently launched book Mapletree recently launched Art on shoppers, create photo opportunities celebrates the role that art the Waterfront, the second part of the for visitors and invigorate the spaces can play on our waterfront company’s new three-part artbook series. they occupy. spaces, we take a special pictorial look at the The new book features the seven VivoCity’s art collection was curated fusion of water and art. art installations around Singapore’s by renowned Japanese art expert, Fumio Nanjo, who based the curatorial theme on mankind’s dream – closely relating his work to the biennale’s overarching theme of belief. Six international artists were selected, based on works that reflected the vibrant personality of VivoCity, and its truly memorable setting.

To commemorate the artworks, Art on the Waterfront explores new perspectives and the creative concept behind each artwork. The works are photographed from interesting angles, allowing readers to reconnect with their favourite piece from a fresh perspective.

Just as VivoCity’s art collection presents a great opportunity for visitors to think about art in public spaces, Art on the Waterfront brings these artworks to a wider audience, creating inspiring and light-hearted There by Henkvisch moments for them to enjoy during The concept of There is to create an imaginary place that stretches further beyond a quieter moment. VivoCity’s rooftop and into the open air. As onlookers watch its acrobatic swings, they become aware of the free space ahead where images are not still but always Here, mapping brings you an exclusive moving and changing. preview of Art on the Waterfront. 12 m arts 13

Snowman by Inges Idee Aphrodite’s Roses Snowman playfully riffs off the incongruity of being in by Hiroshi Yoshimizu a tropical country, juxtapositioning nature and culture – It is said that when Aphrodite, the both elegant and innocent, strange and familiar. goddess of love and beauty arose from the seas, the gods created the rose to celebrate her birth.

Vivo Punch by Michael Cheung Snowflakesby Inges Idee (aka Punchman) An amalgamation of sandblasted stainless steel Up on the rooftop Sky Park of VivoCity with different forms of snowflakes clustered into and at the children’s open-air playground, a crystalline pile, Snowflakes captures for its Vivo Punch greets visitors with exuberant onlookers a macro view of snow and triggers smiles and playful punches into the air. reflection on how individual, unique elements are These colourful toy characters show brought together to form an inspiring work of art. off various dynamic poses, and were specially made to embody the energy, vitality and interactivity of VivoCity.

The seven art installations featured in Art on the Waterfront include GoGo (pictured on cover), There, Flower Tree by Choi Jeong Hwa Snowman, Snowflakes, With its towering presence and flowers from different seasons, Flower Tree, Aphrodite’s the Flower Tree creates in its surroundings an imaginative Roses and Vivo Punch. dimension where time and space converge. 14 m mapping tips 15

Vietnam, a proud Q When you travel abroad, what City with friends is really the ideal language. Coming from Singapore, and energetic emerging market is the first local dish you must have weekend for me. yes is used as a term of agreement. when you return to Vietnam? Where Whereas in Vietnam, in addition to is a great place to sample it? Q What is your favourite building indicating assent, it can also be a form A Vietnamese cuisine is tasty, diverse or architectural style, and why? of courtesy, meaning, “I’ve heard what and healthy and characterised by fresh A The unassuming shophouse is my you say”. vegetables, sauces and a minimal favourite architectural form in Vietnam, and use of oil. For me, the must-eat food for that matter anywhere in Asia where Q How would you best describe would have to be cá kho tô,. a braised they are found. They fulfill the Jane Jacobs the prevailing trend in real estate caramelised fish, usually catfish, cooked ideal of unregulated usage, and letting in Vietnam? How do you see in a claypot. Have this dish with lots buildings be as flexible and mixed-use as it developing? of rice, to soak up all the gravy. It’s a their needs require. The typical shophouse A Mapletree has eight projects in Vietnamese staple food and is commonly in Vietnam is multi-use, with lower floors Vietnam spread across the logistics, available, but for me the best place to functioning as shops or offices and industrial, office, retail and serviced try this dish is Hoang Nguyên. Even for upper floors serving residential purposes. apartment sectors. Vietnam’s real estate international cuisine, good food and wide Furthermore, shophouses in Vietnam are industry is currently facing short-term variety is the norm in Vietnam. Its historical inherently egalitarian, with equal street challenges, due to a lack of credit in French influence, and large Korean frontage while the mixed-use element adds the local banking system and short-term and Japanese expatriate communities, to the diversity. In the name of development oversupply in selected sectors. However, ensure a wide choice of good international and modernity, much like in other parts given the limited stock of good quality cuisine, at affordable prices. of Asia, they are slowly being replaced buildings, increasing affluence, rising with monolithic high-density buildings. urbanisation and high foreign direct Q Road traffic is often listed as investment, we remain bullish about a challenge to visitors to Vietnam. Q In terms of doing business in real estate investment opportunities Was that your biggest adjustment, Vietnam, what’s one thing you have in Vietnam over the medium to long- or was there something else that learned that you wish you knew term. All these factors will lead to rising took more getting used to when when you first arrived? demand for quality real estate across you first arrived? A In hindsight, one thing that I wished all real estate sectors, in the major A Dealing with traffic in Vietnam was I knew earlier is how “yes” is used in their cities of Vietnam. initially daunting. But now, ironically, All Roads Q Tell us about your time in I feel safer as a pedestrian in Vietnam this market. than in most other Asian cities. Drivers here respect pedestrian rights to the Lead to Vietnam A I’ve been in Vietnam since 2009, and road, and will give way to those crossing. work and life have been exciting. One This issue, mapping looks at the emerging market of Vietnam, a nation Hence the saying that the easiest way of the things that I first noticed about that has seen significant investment from Mapletree in recent times. to cross roads is to just walk – the traffic the country is the energy of the place. One person who is especially confident of its future is Mr Alexander will swerve to avoid you. John Ee, the Chief Executive Officer for Mapletree in Vietnam. Motorcycles are zipping everywhere – with some carrying entire families of four Buoyed by a profoundly resilient population, Vietnam’s significant or more, and others carrying entire van- Q Describe the perfect weekend and fiercely independent population, potential has seen Mapletree partner loads of goods. Over time, I’ve noticed there, in terms of immersion in Vietnam is a proud, energetic nation. with Vietnam’s largest local retailer and a strong sense of entrepreneurship from local culture. As recent media reports suggest the launch landmark developments such the multitude of street stalls, hawkers and A Vietnam is in a constant state of economy will return to robust growth as Saigon South Place, a mixed-use cottage businesses, and a strong desire change, as increasing affluence, tourism, by 2014-2015 with GDP climbing to commercial complex and Mapletree for improvement through education and rising sophistication drive the 7.1 percent, Mapletree considers Business city within Vietnam’s Binh and hard work. Opportunities abound proliferation of new and interesting Vietnam an important emerging Duong New City. To date, Mapletree for businesses that can harness these cafes and restaurants, street shops market in Asia. Given its competitive manages eight properties across the elements and tap into this market of more and buildings. Being able to experience that rapid change first hand by exploring cost structure, stable political country, and has committed over than 90 million people – 50 percent of Mr Alexander John Ee, CEO for Mapletree in Vietnam, at the Ho Chi Minh City People’s Committee Building environment and large, youthful US$1 billion to its projects in Vietnam. whom are less than 29 years old. the nooks and crannies of Ho Chi Minh – one of the oldest and most beautiful French architecture buildings in Ho Chi Minh City 16 m csr

For Art’s Sake By extending its support of local art and artists, Mapletree is also in turn providing further enriching cultural experiences for its tenants.

As a follow up to the performance, an interactive workshop was conducted in April, during which participants experienced first hand the thrill of playing in a Chinese ensemble, led by the resident conductor of Singapore Chinese Orchestra, Mr Quek Ling Kiong. Besides music appreciation, the session demonstrated the way that Mapletree is hosting Arts in the City, musical principles, such as team building a series of arts performances and and communication, could in turn be art-based workshops held quarterly applied to the workplace as well. Interactive workshop led by the resident conductor at its flagship Mapletree Business City of Singapore Chinese Orchestra at MBC (MBC) in Singapore. Through the series, Apart from being in line with Mapletree’s launched in the spirit of Corporate Social drive to infuse sustainable practices central theme in promoting community Responsibility (CSR), the company is both into its businesses and operations, identity among its business fraternity supporting and promoting Singapore’s hosting the programme at MBC also at MBC. Positioned as the centrepiece artistic talent, and offering its tenants furthers Mapletree’s vision to make the of a thriving Alexandra commercial a deeper engagement with the arts. Alexandra Precinct a multi-dimensional area, the three deliberate drives to neighbourhood that blends first-rate nurture arts and culture within MBC The series kicked off with a lunchtime work spaces with recreation and included the commissioning and performance by one of Singapore’s entertainment options. Leveraging installation of eight artworks within most prodigious Chinese chamber its networks within the precinct, and the the compound; Design in the City, music ensembles, Ding Yi Music nearby HarbourFront Precinct, Mapletree an outdoor furniture design competition Company, aptly timed during the Lunar also extended the programme to its in commemoration of MBC’s grand New Year festive period in February. tenants and staff from both precincts. opening in March 2012; as well as The ensemble delivered a rich and the launch of a coffee table book, varied repertoire, ranging from traditional The arts is one of the key components Art in the City, showcasing MBC’s Chinese music to contemporary avant- of Mapletree’s CSR framework, and a art collection for a wider audience. garde interpretations and cross-genre works. In between numbers, they kept the audience engaged with personal insights into the various instruments and their respective roles in the ensemble.

Arts in the City is supported by the National Arts Council (NAC) through Arts@Work, an initiative that is part of the Arts and Culture Strategic Review, aimed at bringing the arts to our workplaces – in the hope that amidst our busy lives, we still enjoy opportunities for cultural engagement, and can enjoy meaningful arts experiences to share with our families, friends and colleagues. m space for lease 17

INDUSTRIAL LOGISTICS RETAIL SINGAPORE CHINA VIETNAM

Name : Tanjong Pagar Distripark Name : Mapletree Zhengzhou Name : SC VivoCity Address : 37 and 39 Keppel Road International Logistics Park Address : Tan Phong Ward, District 7, Available Units : 3,000 – 50,000 sq ft Address : Wu Liu Avenue, Ho Chi Minh City Contact Person : Ms Kathleen Ong closing to Qian Cheng Street, Available Units : 40 – 1,300 sqm (+65 6377 6178) Zhengzhou International Contact Person : Ms Josephine Cobero Email : [email protected] Logistics Park (+84 908 094 088) / Available Units : 30,000 – 40,000 sq ft Ms Ternasser Chwee Contact Person : Ms Shell Wu (+65 9820 2337) Name : 23A Serangoon North (+86 21 2316 7770) Email : [email protected] / Address : 23A Serangoon North Avenue 5 Email : [email protected] [email protected] Available Units : 3,056 – 82,500 sq ft Contact Person : Ms Philomena Loh VIETNAM (+65 6377 7485) OFFICE Email : [email protected] Name : Mapletree Bac Ninh Logistics Park SINGAPORE Address : No. 1, Street 6, : HarbourFront Tower 1 Name : The Signature Vietnam-Singapore Name Address : 1 HarbourFront Place Address : 51 Changi Business Park Industrial Park Bac Ninh, Available Units : 3,400 sq ft Central 2 Phu Chan Commune, Contact Person : Ms Elyn Tan Available Units : 1,500 – 49,000 sq ft Tu Son Town, Bac Ninh (+65 6377 6396) Contact Person : Ms Toh Xinyi Available Units : 27,986 – 234,430 sq ft Contact Person : Ms Bach Ngoc Van Email : [email protected] (+65 6377 7482) (+84 937 425 995) Email : [email protected] Email : [email protected] Name : PSA Vista Address : 20 Harbour Drive Name : Toa Payoh North Available Units : 2,400 – 3,900 sq ft Address : 970/998/1004/1008 RETAIL Contact Person : Jannie Do Toa Payoh North SINGAPORE (+65 6377 6898) Available Units : 800 – 3,000 sq ft Email : [email protected] Contact Person : Ms Wendy Ang Name : Mapletree Business City (+65 6377 6164) Address : 10 Pasir Panjang Road Email : [email protected] Available Units : 2,000 sq ft – Contact Person : Ms Yvonne Yan MIXED USE SINGAPORE CHINA (+65 6377 7484) Email : [email protected] Name : HarbourFront Centre Name : Mapletree Baoshan Address : 1 Maritime Square Industrial Park Name : VivoCity Available Units : 1,000 – 14,000 sq ft (Office); Address : No.198, Changjian Road, Address : 1 HarbourFront Walk 600 – 2,400 sq ft (Retail) Baoshan District, Shanghai Available Units : 130 – 10,800 sq ft Contact Person : Ms Jannie Do Available Units : 80 – 2,000 sqm (Office); Contact Person : Ms Dorothy Neo (+65 6377 6898) / 1,300 – 7,000 sqm (Manufacturing (+65 6376 9249) Ms Felicia Woon Facility/Warehouse) Email : [email protected] (+65 6570 8584) Contact Person : Mr Alan Zhang Email : [email protected] / (+86 21 2316 7719) MALAYSIA [email protected] Email : [email protected] Name : Jaya Shopping Centre CHINA Address : Jalan Semangat, Section 14, LOGISTICS Petaling Jaya, Name : Silver Court SINGAPORE Available Units : 240 – 6,300 sq ft Address : No. 218 & 228 South Xizang Road, Contact Person : Ms Cecilia Khor Huangpu District, Shanghai Name : 134 Joo Seng Road (+603 2084 2357) / Available Units : 129 – 2,200 sqm (Office); Address : 134 Joo Seng Road Ms Chen Li Fang 670 sqm and above (Retail) Available Units : 16,548 – 49,644 sq ft (+603 2084 2351) Contact Person : Ms Lilie Hua Contact Person : Ms Jean Liow Email : [email protected] (+86 21 3307 1135) / (+65 9638 9433) Ms Jenny Zhang Email : [email protected] CHINA (+86 21 2316 7710) Email : [email protected] / Name : VivoCity Nanhai [email protected] Name : 10 Changi South Street 3 Address : Junction of Foping 4th Road & Address : 10 Changi South Street 3 Shilong South Road, VIETNAM Available Units : 5,436 – 13,105 sq ft Foshan City, Guangdong Province Contact Person : Ms Amanda Chuah Available Units : 20 sqm and above Name : Pacific Place (+65 9424 0448) Contact Person : Ms Cassy Li Address : 83B Ly Thuong Kiet Street, Email : [email protected] (+86 21 2316 7705) / Hoan Kiem District, Hanoi Ms Peggy Lim Available Units : 100 – 1,500 sqm (+86 139 2422 0383) Contact Person : Ms Chu Minh Ngoc Email : [email protected] / (+84 90 442 8000) [email protected] Email : [email protected] 18 m property spotlight

The build-to-suit K&S Corporate Headquarters is slated for completion in the second half of 2013 Mapletree Industrial Trust Build-to-Suit Solutions: New Global Headquarters for Kulicke and Soffa MIT demonstrates proven capabilities in delivering quality industrial space solutions across a range of business requirements.

Mapletree Industrial Trust (MIT) offers based global headquarters for K&S. Highlights of K&S Build-to-Suit (BTS) solutions to companies It comprises facilities for production, Corporate Headquarters: who prefer customised industrial facilities research and development, as well on a long-term lease. BTS solutions as a corporate office. K&S, a global • Excellent location in Serangoon allow companies to focus on their core leader in the design and manufacture North: easily accessible via major businesses while MIT manages the capital of semiconductor and LED assembly expressways (CTE, SLE, PIE) expenditure and development processes. equipment, will occupy 69 percent of the • Only 8 minutes’ drive to Ang Mo Kio net lettable area for a minimum tenure of Mass Rapid Transit Station MIT has secured several BTS projects, 10 years, while the remaining space will • Prime business space with energy with esteemed partners including Tata be available for leasing. saving, environmental-friendly features Communications, Kulicke and Soffa (K&S) • Well-equipped to cater to the needs and most recently, Equinix Inc. Each of companies in the clean and light project underscores MIT’s development manufacturing sectors capabilities and reinforces its standing as the preferred real estate partner for • Approximately 88,000 sq ft of remaining companies requiring customised high space is available for pre-leasing specification industrial facilities. • Slated for completion in the second half of 2013 Located at Serangoon North Ave 5, For leasing enquiries, please contact: the five-storey high-specification light Hotline: (65) 6377 8000 industrial building with a gross floor Marketing – Philomena Loh: (65) 6377 7458 area of approximately 330,000 square Email: [email protected] feet (sq ft), will be the new Singapore- m mapletree offices 19

Location Address Location Address

Singapore Mapletree Investments Pte Ltd Japan Mapletree Investments Japan Kabushiki Kaisha 10 Pasir Panjang Road, Omori Prime Building 10th Floor, #13-01, Mapletree Business City, 6-21-12 Minamioi, Shinagawa-ku, Singapore 117438 Tokyo 140-0013, Tel : +65 6377 6111 Japan Fax : +65 6273 2753 Tel : +81 3 6459 6469 Fax : +81 3 3766 3133 China Shanghai Mapletree Management Co., Ltd Unit 401, Silver Court, South Korea Mapletree Korea Management Co., Ltd No. 228 South Xizang Road, 4F, The Exchange Seoul, Huangpu District, Shanghai 200021, 45 Mookyodong, Chung-gu, China Seoul 100-772, Tel : +86 21 2316 7677 Korea Fax : +86 21 2316 7700 Tel : +82 2 6742 3200 Fax : +82 2 6742 3230 Beijing Mapletree Huaxin Management Consultancy Co., Ltd Malaysia Mapletree Malaysia Management Sdn. Bhd. Suite 5BCD1 Tower B, Gateway Plaza, A-18-5, 18th Floor, Northpoint Office, 18 Xiaguangli, East Third North Road, , 1 Medan Syed Putra Utara, Chaoyang District, Beijing 100027, 59200 , China Malaysia Tel : +86 10 5793 0333 Tel : +603 2283 3128 Fax : +86 10 5793 0300 Fax : +603 2283 6128

Guangzhou Mapletree Huaxin Enterprise Vietnam Mapletree Vietnam Management Management Consultancy Co., Ltd Consultancy Co., Ltd Unit 412-415, Block B, China Shine Plaza, 18 L2-1 Tao Luc 5 Street (VSIP II), No. 3-15 Lin He Xi Road, Vietnam – Singapore Industrial Park II, Tian He District, Guangzhou 510610, Binh Duong Industry – Service – Urban Complex, China Hoa Phu Ward, Thu Dau Mot City, Tel : +86 20 3839 2947 Binh Duong Province, Fax : +86 20 3801 0334 Vietnam Tel : +84 650 3543 688 Hong Kong Mapletree Hong Kong Management Limited Fax : +84 650 3767 678 SAR Suites 2001-2, 20/F, Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong Tel : +852 2918 9855 Fax : +852 2918 9915

India Mapletree India Management Services Private Limited 436, Regus Level 4, Rectangle No.1, Commercial Complex D4, Saket, New Delhi 110017, India Tel : +91 11 4051 4051 Fax : +91 11 4051 4052

Mapletree India Management Services Private Limited 3rd Floor, Envision Technology Center, #119, EPIP Area Phase I, Whitefield, Bengaluru 560066, Karnataka, India Tel : +91 80 4939 0800 Fax : +91 80 4939 0700 www.mapletree.com.sg Mapletree Investments Pte Ltd (Mapletree) is a leading Asia-focused real estate development, investment and capital management company headquartered in Singapore. The Group is focused on investing in Asian markets and real estate sectors with good growth potential. Mapletree manages four real estate investment trusts (REITs) and three private real estate funds. As at 31 March 2013, Mapletree owns and manages total real estate assets of approximately S$21.8 billion. These comprise office, retail/lifestyle, residential, logistics, business park and industrial properties across Asia. To support its regional business, Mapletree has offices in Singapore, China, Hong Kong SAR, India, Japan, Malaysia, Vietnam and South Korea.