Investor Presentaiton
In progress
Heads of
Agreement
Signed
1
Portfolio Rejuvenation Through Ongoing Redevelopments and Asset
Enhancement Initiatives
Ongoing redevelopments and AEls present immediate organic growth opportunities
Delivered 6.0% - 8.0% yield on cost from completed developments and AEls since 2021
Redevelop older-specs assets into modern and future-ready properties
Repurpose and rejuvenate dated assets to suit the demands of the New Economy
Development of unutilized plot ratio
Sector
High-
Specs
Industrial
High-
Specs
Industrial
General
Industrial
Logistics
Property
Address
Completion
Date
% Completed (1)
Estimated
Cost
Illustrative
Yield on Cost
7002 Ang Mo Kio Avenue 5
3Q2023
c.92%
c.S$53.3m (2)
c. 7.1%
16 Tai Seng Street
21B Senoko Loop
ESR-LOGOS
RELE
2 Fishery Port Road
■ Redevelopment of ramp-up modern
cold storage facility
■ Non-binding Heads of Agreement
signed with a master tenant for 20+5
years with built-in rental escalations
per annum
2Q2024
c.20%
c.S$32.0m (3)
c. 6.0%
1Q2024
c.71%
c.S$38.5m
c. 6.6%
29 months
construction
period
. Tender for
construction
works called
Expected
start of
c.S$240.0m
c.7.0%
construction
in 4Q2023
"
Progress Updates
Advanced lease negotiations with 3 high-
specifications prospects (semicon, lifestyle,
and industrial manufacturing), with rental
rates in line with market
Planned Green Mark Gold Certification
AEI has enabled the lease renewal of an
incumbent tenant in the pharmaceutical
industry in 2Q2023, achieving positive
rent reversion of circa 40%
Planned for Green Mark Gold Certification
■ Redevelopment of a Built-to-suit High-Spec
facility on a 15-year master lease to NTS
Components Singapore Pte Ltd ("NTS"),
with fixed annual rent escalation
Planned for Green Mark Gold Certification
Proposed redevelopment of a modern high-
specification ramp-up cold storage facility,
fitted out with an Automated Storage and
Retrieval System ("ASRS") for frozen food
products.
Planned for Green Mark Platinum
Certification
ESR-LOGOS
REIT
Notes: (1) As at 30 June 2023. (2) The revised total cost is expected to be S$53.3 million, which includes previously announced expected cost of approximately S$35.7 million and additional
cost of approximately S$17.6 million. (3) The revised total cost is expected to be S$32.0 million, which is higher than the S$25.9 million as previously announced due to increased
construction costs.
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