Investor Presentaiton
Acquisition of S$318.3 mil' in Assets to Strengthen
Presence in Key Markets
Growing total assets and increasing proportion of stable income
La Clef Tour Eiffel
Somerset Central TD
5 Rental Housing
Properties in Japan
Additional 45.0% stake in
Standard at Columbia
QUEST
Quest Cannon Hill
Acquisition of 3 serviced residences, 5 rental housing properties
and additional 45% stake in Standard at Columbia from Sponsor
▲ 3.0% DPS accretion
based on 54% debt funding and placement price of S$1.12
Private placement
2.7x
oversubscribed and upsized
to S$170 mil
Placement price at tight discount
of c.3.7% to the adjusted VWAP2
c.73%
of placement proceeds
to partially fund the acquisition and
related fees and expenses
c.27% (S$45.1 mil) to partially fund
future potential acquisitions³
Hai Phong City
Stapled Securityholder approval obtained, acquisition completed in 4Q 2022
Notes:
1.
2.
Total capitalised costs excluding the outstanding development cost and interest expense to be incurred for Standard at Columbia
The adjusted volume weighted average price (VWAP) is computed based on the VWAP of all trades in the Stapled Securities on the SGX-ST for the preceding market day on 12 Aug 2022 up to the time the placement agreement was signed on
15 Aug 2022 and excluding the advanced distribution
3.
The balance of the proceeds, if any, shall be used for general corporate and/or working capital purposes
CapitaLand Ascott Trust
Investor Presentation
20View entire presentation