AYER RAJAH EXPRESSWAY 20 WEST COAST HIGHWAY Property Overview MCT’s portfolio comprises five properties located in Singapore’s Alexandra Precinct, HarbourFront Precinct and the CBD. PORTFOLIO NET LETTABLE AREA PORTFOLIO APPRAISED VALUE 3.9 million sq ft S$6,682 million VIVOCITY approximate 10-minute drive from the BANK OF AMERICA MERRILL LYNCH Singapore’s largest mall with 1,077,191 CBD and enjoys excellent linkages to HARBOURFRONT square feet of NLA spread over a three- the adjacent PSA Building, Mapletree A premium six-storey office building storey shopping complex and two Business City II, as well as the Labrador with an NLA of 215,734 square feet. basement levels. Strategically located Park MRT Station. Its environmentally Completed in August 2008, MLHF in the heart of the HarbourFront sustainable design and features features modern office specifications Precinct, this iconic development is have also garnered several local and such as large and efficient column- directly connected to the HarbourFront international awards. free rectangular floor plates of Mass Rapid Transit (“MRT”) station approximately 46,000 square feet and and enjoys exceptional connectivity PSA BUILDING integrated suspended ceiling and to Sentosa and the HarbourFront An established integrated development raised floors. Centre. VivoCity is positioned as a with a 40-storey office block and a multi-dimensional retail and lifestyle three-storey retail centre, ARC, with an destination for Singaporeans and aggregate NLA of 523,781 square feet. tourists alike, offering visitors a unique PSA Building’s excellent location within waterfront shopping and dining the Alexandra Precinct, a short distance experience. For the year ended 31 from the CBD, makes it an ideal choice March 2018, VivoCity attracted 55.0 for companies who prefer a quality million visitors and S$958.2 million of office location outside the CBD. ARC record tenant sales. further offers a wide range of amenities and F&B offerings to the working MAPLETREE BUSINESS CITY I population in the vicinity. An outstanding and large-scale integrated business hub located in the MAPLETREE ANSON Alexandra Precinct. MBC I comprises A 19-storey premium office building four blocks of Grade-A office and located in the Tanjong Pagar micro- business park space with an aggregate market of the CBD with an NLA of 330,167 NLA of 1,707,280 square feet. The square feet. Mapletree Anson, built with user-friendly features, recreational Grade-A specifications, is one of the first facilities and amenities, as well as buildings in Singapore to be awarded the wide public spaces and lush greenery, Green Mark Platinum certification by the make this development a complete BCA. It is conveniently located within a “work and play” environment. MBC I two-minute walk from the Tanjong Pagar is conveniently located within an MRT Station and connected to major arterial roads and expressways. 21 DHOBY GHAUT CITY EAST COAST PARKWAY HALL TELOK AYER RAFFLES CHINATOWN PLACE MBC I PSA BUILDING DOWNTOWN TANJONG PAGAR CENTRAL ALEXANDRA BUSINESS PRECINCT MLHF OUTRAM DISTRICT MOUNT PARK PASIR FABER CENTRAL EXPRESSWAY MARINA COASTAL EXPRESSWAY PANJANG MAPLETREE MARINA LABRADOR VIVOCITY ANSON BAY PARK TELOK BLANGAH HARBOURFRONT 10 MINUTES DRIVE FROM CBD HARBOURFRONT PRECINCT RESORTS WORLD SENTOSA SENTOSA MAJOR EXPRESSWAYS MRT: CIRCLE LINE EAST-WEST LINE NORTH-SOUTH LINE NORTH-EAST LINE DOWNTOWN LINE MRT STATION MAP ZOOMED OUT: SENTOSA EXPRESS LINE SINGAPORE CHANGI AIRPORT CENTRAL BUSINESS DISTRICT ALEXANDRA PRECINCT HARBOURFRONT PRECINCT 22 Mapletree Commercial Trust Property Overview VivoCity VivoCity’s physical attributes have always been conducive. Stemming from our proactive management efforts, VivoCity has successfully evolved over time to become a key destination mall and its solid performance has stood out in today’s changing landscape. FY17/18 tenant sales grew 0.7% year- on-year to a record of S$958.2 million and shopper traffic held strong at 55.0 million in spite of downtime from ongoing AEIs. FY17/18 revenue and NPI grew 2.9% and 4.1% respectively to reach S$206.6 million and S$156.7 million. GROSS REVENUE S$206.6m NET PROPERTY INCOME S$156.7m COMMITTED OCCUPANCY1 99.8% 23 Annual Report 2017/18 A 3-storey shopping complex with 2 basement levels and a 7-storey annexe carpark Net Lettable Area: 1,077,191 square feet Number of Leases: 341 Car Park Lots: 2,179 Title: 99 years commencing from 1 October 1997 Gross Revenue: S$206.6 million Net Property Income: S$156.7 million Market Valuation: S$3,028.0 million Committed Occupancy1: 99.8% Key Tenants: VivoMart, Tangs, H&M, Golden Village, Kopitiam VivoCity Lease Expiry Profile as a % VivoCity Trade Mix by of Gross Rental Revenue Gross Rental Revenue (as at 31 March 2018) (as at 31 March 2018) 29.7% 25.9% Food & Beverage ............................. 31.3% 21.0% Fashion ............................................ 22.0% Fashion Related .............................. 10.6% 13.0% Departmental Store/Hypermart ...... 9.6% 10.5% Beauty ............................................... 6.5% Lifestyle ............................................. 5.3% Electronics ........................................ 4.6% Sports ................................................ 3.6% FY18/19 FY19/20 FY20/21 FY21/22 FY22/23 Entertainment .................................. 3.1% & beyond Others2 .............................................. 3.4% Number of Leases 2 Others includes Retail Bank, Optical, Medical, Services and Convenience. 92 112 81 41 15 Data are as at 31 March 2018. Gross revenue, net property income, tenant sales and shopper traffic are for the financial year ended 31 March 2018. 1 Actual occupancy was 93.1%. Occupancy rates are based on VivoCity’s enlarged NLA of 1,077,191 square feet resulting from the added public library on Level 3 and bonus GFA from the CSFS deployed to extend Basement 1. The additional NLA on Level 3 and Basement 1 has been fully committed but currently undergoing fitting-out. 24 Mapletree Commercial Trust Property Overview VivoCity 4 1 5 2 3 Photo Captions 1 Exciting product launches with hands-on experience 5 Timezone’s flagship arcade featuring new and dazzling attractions 2 Endless dining options 6 VivoCity launched its Kids Club to overwhelming response 3 Hosting the Justice League Super Heroes and the world’s 7 Continuous tenant remixing to enhance retail offerings only replica of Batman’s Knightcrawler 8 Meeting the demand for larger format concept stores 4 Celebrating Chinese New Year with shoppers 25 Annual Report 2017/18 TENANT SALES 6 S$958.2m 958.2 951.8 939.2 908.9 905.9 7 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 SHOPPER TRAFFIC 55.0m 55.8 55.0 53.9 53.2 53.2 8 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 26 Mapletree Commercial Trust Property Overview Mapletree Business City I MBC I is an outstanding and large-scale integrated office and business park complex located in the Alexandra Precinct, and counts many large MNCs as its tenants. Recognised by many as a best-in- class asset, MBC I reinforces MCT’s long-term defensiveness and stability. In FY17/18, MBC I made its maiden full-year NPI contribution of S$103.7 million, representing 30.6% of MCT’s total NPI, and is one of the drivers to MCT’s all-rounded performance. GROSS REVENUE S$126.0m NET PROPERTY INCOME S$103.7m COMMITTED OCCUPANCY1 99.4% 27 Annual Report 2017/18 MBC I is an integrated office and business park development comprising one 18-storey office tower (MBC 10) and three business park blocks (MBC 20E, 20W and MBC 30) Net Lettable Area: 1,707,280 square feet Number of Leases: 36 Title: Strata Lease commencing from 25 August 2016 to 29 September 2096 Gross Revenue: S$126.0 million Net Property Income: S$103.7 million Market Valuation : S$1,892.0 million Committed Occupancy1: 99.4% Purchase Price: S$1,780.0 million Date of Purchase: 25 August 2016 Key Tenants: The Hongkong And Shanghai Banking Corporation Limited, Info-communications Media Development Authority, Samsung Asia Pte. Ltd., SAP Asia Pte. Ltd. Lease Expiry Profile by Gross Trade Mix by Gross Rental Revenue Rental Revenue (as at 31 March 2018) (as at 31 March 2018) 40.4% Banking & Financial Services ......... 24.0% 30.2% Government Related ...................... 14.8% Consumer Goods ............................ 13.1% 17.9% Electronics ...................................... 12.4% IT Services & Consultancy .............. 10.5% 9.1% Shipping Transport ........................... 6.3% 2.4% Pharmaceautical .............................. 5.7% Energy ............................................... 4.0% FY18/19 FY19/20 FY20/21 FY21/22 FY22/23 Real Estate ........................................ 4.0% & beyond Others2 .............................................. 5.2% Number of Leases 2 Others includes F&B, Education, Medical and Fitness. 2 7 10 7 10 Data are as at 31 March 2018. Gross revenue and net property income are for the financial year ended 31 March 2018. 1 Actual occupancy was 99.4%. 28 Mapletree Commercial Trust Property Overview PSA Building Tenants continue to recognise PSA Building’s quality and the attractiveness of Alexandra Precinct as an alternative location to the CBD. By providing a suite of F&B, convenience and services offerings, ARC serves as an essential amenities centre for the working population in the vicinity. GROSS REVENUE S$48.9m NET PROPERTY INCOME S$37.0m COMMITTED OCCUPANCY1 98.7% 29 Annual Report 2017/18 Integrated development comprising a 40-storey office building and a 3-storey retail centre Net Lettable Area: 523,781 square feet Number of Leases: 116 Car Park Lots: 749 Title: Leasehold 99 years wef 1 October 1997 Gross Revenue: S$48.9 million Net Property Income: S$37.0 million Market Valuation : S$740.0 million Committed Occupancy1: 98.7% Purchase Price: S$477.2 million Date of Purchase: 27 April 2011 Key Tenants: Office: PSA Corporation Limited, Casino Regulatory Authority, Mapletree Investments Pte Ltd, Bank of Singapore Limited Retail: FairPrice, McDonald’s, Auntie Kim’s Korean Restaurant, Ichiban Sushi Lease Expiry Profile by Gross Trade Mix by Gross Rental Revenue2 Rental Revenue (as at 31 March 2018) (as at 31 March 2018) 41.0% Shipping Transport ........................