About The Manager

Suntec REIT is managed by ESR Trust Management (Suntec) Limited, a wholly-owned subsidiary of Acrophyte Asset Management Pte. Ltd. ("Acrophyte AM"), which in turn is a subsidiary of Tang Organization Pte. Ltd.1 ("Tang Organization").

Established in the 1990s, Tang Organization is a leading Singapore-based real estate group that has evolved into a diversified multinational conglomerate with integrated capabilities across the real estate value chain. Its core competencies include: (i) property development and investment; (ii) real estate fund and asset management; and (iii) construction.

Tang Organization benefits from the combined management and operational teams of SingHaiyi Group Pte. Ltd.2 ("SingHaiyi"). SingHaiyi is an established real estate company with a strong track record in the office and retail sectors, in addition to residential development. Both Tang Organization and SingHaiyi were previously listed on the Mainboard of the Singapore Exchange and were subsequently privatised by the Tang Family3.

Leveraging the combined experience and institutional knowledge of Tang Organization and SingHaiyi, the group is well-positioned to create long-term value for all unitholders. The Tang Family, as the largest unitholder in Suntec REIT, reinforces strong alignment with the interests of all unitholders. As the new sponsor and the shareholder of the Manager, Tang Organization remains committed to prudent stewardship, disciplined capital management, and sustainable value creation for all unitholders.

Notes:

  1. Formerly known as Chip Eng Seng Corporation Ltd.
  2. Formerly known as SingHaiyi Group Ltd.
  3. Includes Mr Gordon Tang, Mrs Celine Tang, their children and other members of their family.