The Minster Building

Property Statistics As at 31 December 2024
Market Valuation
Market Valuation
S$458.6 million1,2,3,4
NLA
Total Net Lettable Area
0.3 million sq ft1
Commited Occupancy
Committed Occupancy
90.8%1
Net Property Income
Net Property Income
S$21.0 million5
Location The Minster Building, 21 Mincing Lane, EC3
Ownership Interest 100.0%
Title 999-year leasehold from 24 October 1990
Purchase Price S$666.0 million6
Car Park Lots 8

Notes:

  1. Reflects Suntec REIT's interest in the property.
  2. Based on the valuation as at 31 December 2024.
  3. Based on exchange rate of £1.00 = S$1.7043 as at 31 December 2024.
  4. The valuation reflects the price that would be received from the sale of the investment property where the Purchaser’s cost (including stamp duty) is assumed to be 6.8%, in line with accounting standards. The valuation based on the price that would be received for the sale of the special purpose vehicle holding the investment property where the Purchaser’s cost (excluding stamp duty) is assumed to be 1.8% is £290.5 million as of 31 Dec 23 and is £282.3 million as of 31 Dec 24.
  5. Based on exchange rate of £1.00 = S$1.7082.
  6. Based on exchange rate of £$1.00 = S$1.8866.

The Minster Building is a Grade A office building with ancillary retail located in the heart of City of London.

The office development is within 10 minutes walking distance to five train stations. The property is surrounded by several important institutions of historical significance and landmark attractions