Investment Portfolio
Overview
Suntec City
One Raffles Quay
MBFC Properties
9 Penang Road
177 Pacific Highway
Southgate Complex
Olderfleet, 477 Collins Street
55 Currie Street
Volume:
5,456,200
High:
1.850
Low:
1.820
Change:
+0.010
Last:
1.850
HIGH QUALITY COMMERCIAL ASSETS STRATEGICALLY LOCATED IN SINGAPORE’S & AUSTRALIA’S PRIME DISTRICTS

Suntec REIT’s portfolio comprises prime commercial properties in Suntec City, 60.8% interest in Suntec Singapore Convention & Exhibition Centre (“Suntec Singapore”), one-third interest in One Raffles Quay, 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. These properties are located within Singapore’s Central Business District, Marina Bay and the Civic and Cultural District. In Australia, Suntec REIT holds a 100.0% interest in 177 Pacific Highway located in Sydney, a 50.0% interest in the iconic Southgate Complex, Melbourne and a 50.0% interest in Olderfleet, 477 Collins Street, Melbourne.

Spanning a total net lettable area (“NLA”) of about 4.1 million square feet (“sq ft”), the properties provide a steady stream of income from a welldiversified pool of strong office and retail tenants. The committed occupancy of Suntec REIT’s office and retail portfolios stood at 98.7% and 99.1% respectively as at 31 December 2018.

PROPERTY STATISTICS
As at 31 December 2018
Total Net Lettable Area 4,092,7331,2 sq ft
• Office 3,108,621 sq ft
• Retail 984,152 sq ft
Number of tenants (actual) 876
• Office 418
• Retail 458
Valuation S$9,727.0 million3
Committed Occupancy
• Office 98.7%4
• Retail 99.1%5
Notes:
  1. Reflects the total net lettable area of Suntec City Office, Suntec City Mall, Suntec Singapore (Retail) and 177 Pacific Highway.
  2. Reflects 60.8% interest in Suntec Singapore (Retail), one-third interest in One Raffles Quay and MBFC Properties and 50.0% 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 50.0% 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
  4. Includes one-third interest in One Raffles Quay, one-third interest in Marina Bay Financial Centre Towers 1 and 2 and 50.0% interest in Southgate Complex (Office).
  5. Includes 60.8% interest in Suntec Singapore (Retail), one-third interest in Marina Bay Link Mall and 50.0% interest in Southgate Complex (Retail).
Suntec REIT’s office portfolio leases are well diversified across 13 business sectors. 60.7% of the total gross office revenue for the month of December 2018 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 21.3% of Suntec REIT’s total gross revenue for the month of December 2018 and occupied an area representing 31.2% of the REIT’s total office portfolio NLA.

For the retail portfolio, 51.9% of the total gross retail revenue for the month of December 2018 was attributable to the major business sectors of Food and Beverage and Fashion and Accessories. The top 10 tenants of the retail portfolio contributed 5.7% of Suntec REIT’s total gross revenue for the month of December 2018 and occupied an area representing 27.9% of the REIT’s total retail portfolio NLA.
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