Investor Presentaiton
Acquisitions to enhance portfolio quality
8
Daiwa HouseⓇ
D Project Tan Duc 2
DPL Ibaraki Yuki
Greater Tokyo, Japan
•
•
Freehold property
Built in January 2023
•
100% occupied
•
Expected to complete acquisition in 1Q 2024
Long An, Vietnam, near to Ho Chi Minh City
Built-to-Suit Cold Storage Facility
•
•
•
Built in September 2023
100% occupied
Expected to complete acquisition in 2Q 2024
WALE by GRI
(Years) (3)
Assuming the completion of the
Vietnam Acquisition and Japan
Acquisition (collectively
(collectively "New
Acquisitions") (1) on 31 December
2023, the aggregate leverage will
be 39.1% as at 31 December
2023(2), on a pro forma basis
Portfolio Age
(Years) (3)
Portfolio Valuation
(S$ Mn) (3,4)
831.9
889.1
6.2
6.7
6.3
5.9
Existing Portfolio
Existing Portfolio +
New Acquisitions
Existing Portfolio
Existing Portfolio +
New Acquisitions
Existing Portfolio
Existing Portfolio +
New Acquisitions
(1) Please refer to the announcements dated 29 December 2023 and 31 January 2024 for further information on the Vietnam Acquisition and
Japan Acquisition, respectively.
(2) The pro forma aggregate leverage is based on the assumptions that the transaction costs (save for the acquisition fees) for the New
Acquisitions were fully financed by debt financing and converted to S$ based on the foreign exchange rates of S$1.00
S$1.00 JPY107.11 for the Vietnam Acquisition and Japan Acquisition, respectively.
=
(3) On pro forma basis as at 31 December 2023, assuming the New Acquisitions were completed on 31 December 2023.
= VND18.412.82 and
(4) Valuation of the target properties for each of the New Acquisitions is based on the respective average valuation as disclosed in the respective
announcements and converted to S$ based on the foreign exchange rates of S$1.00 = VND18.412.82 and S$1.00 = JPY107.11 for the
Vietnam Acquisition and Japan Acquisition, respectively.
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