Investor Presentaiton
Local Currency (A$/KRW/JPY)
31 Dec 2022
30 Jun 2023
A$/KRW/JPY
Overseas Property Valuations (As at 30 June 2023)
Valuation based on
Keppel REIT's interest
S$
Variance
Variance
30 Jun 2023
%
31 Dec 2022
30 Jun 2023
S$
%
Cap Rate
(%)
8 Chifley Square(¹)
A$227.5m
A$222.5m
A$(5.0m)
(2.2)
S$209.2m
S$195.3m
S$(13.9m)
(6.7)
(50% interest)
A$22,945
psm
5.13
Pinnacle Office Park(1)
A$7,594
A$305.0m
A$265.0m
A$(40.0m) (13.1)
S$280.5m
S$232.6m
S$(47.9m) (17.1)
6.00
(100% interest)
Blue & William (1, 2)
A$230.0m
A$295.0m
A$65.0m
28.3
S$211.5m
S$259.0m
S$47.4m
22.4
(100% interest)
8 Exhibition Street(1, 3)
A$304.7m
A$304.7m
S$280.2m
S$267.5m
S$(12.8m) (4.6)
(50% interest)
Victoria Police Centre(1)
A$430.0m
A$430.0m
S$395.5m
S$377.5m S$(18.0m) (4.6)
(50% interest)
psm
A$20,766
psm
A$13,409
psm
A$12,709
psm
5.00
5.25(4)
4.25
David Malcolm Justice
Centre(1)
A$241.0m
A$240.0m
A$(1.0m)
(0.4)
S$221.6m
S$210.7m
S$(11.0m)
(5.0)
A$15,056
psm
5.63
(50% interest)
Australia Portfolio
A$1,738.2m
A$1,757.2m
A$19.0m
1.1
S$1,598.6m
S$1,542.5m
S$(56.2m) (3.5)
T Tower (5)
KRW 275.9b
KRW 293.5b
KRW 17.6b
6.4
S$286.4m
S$299.9m
S$13.6m
4.7
(99.4% interest)
KR Ginza II(6)
(98.5% interest)
JPY 9.0b
JPY 9.0b
S$88.3m
S$86.8m
S$(1.5m)
(1.7)
KRW
23.5m/py
JPY 2.7m
psm
3.90
2.70
S$9,172.8m
S$9,167.7m
S$(5.1m)
(0.1)
Total Portfolio
Due to rounding to the nearest 1 decimal place, numbers in the table may not add up.
(1) Based on the exchange rates of A$1 = S$0.9197 as at 31 Dec 2022 and A$1 = S$0.8778 as at 30 Jun 2023.
(2) Achieved practical completion on 3 Apr 2023, 31 Dec 2022 valuation was based on "as is" while 30 Jun
2022 valuation was based "on completion" value.
(3) Includes 100% interest in the three adjacent retail units.
(4) Refers to Keppel REIT's 50% interest in the office building.
(5) Based on the exchange rates of KRW 1,000 = S$1.038 as at 31 Dec 2022 and KRW 1,000 = S$1.022 as
at 30 Jun 2023.
(6) Based on the exchange rates of JPY 100 = S$0.9849 as at 31 Dec 2022 and JPY 100 = S$0.9683 as at
30 Jun 2023.
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