Investment Portfolio
Overview
Suntec City
One Raffles Quay
MBFC Properties
9 Penang Road
177 Pacific Highway
Southgate Complex
Olderfleet, 477 Collins Street
Volume:
1,589,400
High:
1.880
Low:
1.850
Change:
+0.020
Last:
1.870
HIGH QUALITY COMMERCIAL ASSETS STRATEGICALLY LOCATED IN SINGAPORE’S & AUSTRALIA’S PRIME DISTRICTS

Suntec REIT’s portfolio comprises prime commercial properties in Suntec City, a 60.8% interest in Suntec Singapore, a one-third interest in One Raffles Quay and a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall (the “MBFC Properties”) and 30.0% interest in 9 Penang Road which is currently under development. These properties are located within Singapore’s growth precincts, namely Marina Bay, the Civic and Cultural District, as well as within the Central Business District. In addition, in Australia, Suntec REIT holds a 100% interest in 177 Pacific Highway located in Sydney and a 25.0% interest in the iconic Southgate Complex in Melbourne. In August 2017, Suntec REIT completed the acquisition of a 50.0% interest in Olderfleet, 477 Collins Street which is currently under construction.

Spanning a total net lettable area (“NLA”) of about 3.9 million sq ft, the properties derive a steady stream of income from a well-diversified pool of strong office and retail tenants. The committed occupancy of Suntec REIT’s office and retail portfolios stood at 99.2% and 98.8% respectively as at 31 December 2017.

PROPERTY STATISTICS
As at 31 December 2017
Total Net Lettable Area 3,940,7091,2 sq ft
• Office 2,931,887 sq ft
• Retail 1,008,822 sq ft
Number of tenants (actual) 865
• Office 409
• Retail 456
Valuation S$9,426.3 million3
Committed Occupancy
• Office 99.2%
• Retail 98.8%
Notes:
  1. Reflects the total net lettable area of Suntec City Office, Suntec City Mall, Suntec Singapore (Retail) and 177 Pacific Highway.
  2. Reflects one-third interests in One Raffles Quay and MBFC Properties and 25.0% interest in Southgate Complex.
  3. Includes the valuation of Suntec REIT’s 60.8% interest in Suntec Singapore, the valuation of Suntec REIT’s one-third interests in One Raffles Quay and MBFC Properties, the valuation of Suntec REIT’s 25.0% interest in Southgate Complex, the carrying values of Suntec REIT’s 30.0% interest in 9 Penang Road and 50.0% interest in Olderfleet, 477 Collins Street.
Suntec REIT’s office portfolio leases are well diversified across 13 business sectors. 62.5% of the total gross office revenue for the month of December 2017 was attributable to the major business sectors of Banking, Insurance and Financial Services, and Technology, Media and Telecommunications. The top 10 tenants of the office portfolio contributed 23.5% of Suntec REIT’s total gross revenue for the month of December 2017 and occupied an area representing 34.7% of the REIT’s total office portfolio NLA.

For the retail portfolio, 54.6% of the total gross retail revenue for the month of December 2017 was attributable to the major business sectors of Food and Beverage, and Fashion and Accessories. The top 10 tenants of the retail portfolio contributed 5.3% of Suntec REIT’s total gross revenue for the month of December 2017 and occupied an area representing 27.0% of the REIT’s total retail portfolio NLA.
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