Operational Statistics Presentation
Development
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Section 3: FY 2020 Operational Highlights
Workspace Performance
CapitaLand
Offices, business parks, industrial and logistics portfolios continued to be resilient in 4Q
2020
Offices
Overall committed office occupancy remained stable
at >85% driven by proactive leasing
Renewals and new take-ups for FY 2020 registered
positive reversions portfolio-wide
~43% of Singapore portfolio office community have
returned to their workplaces. China has gradually
resumed back to normal working arrangements since 3Q
2020
Healthy weighted average lease expiries (WALE) across
key office markets
Committed Occupancy Rate (%)¹
85
85
94
91.4
90.9
89.9
China Singapore³ Japan South Korea Germany
Notes:
1. As of 31 Dec 2020
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Business Parks, Industrial and Logistics
Overall committed occupancy¹ remained robust
Maintained positive rental reversions across the
geographies YTD
>50% of monthly gross revenue is derived from less
impacted new economy industries, which are tech-driven
and/or R&D-focused
Tenants' workforce in some geographies have gradually
resumed work
Topping out of Capita Spring
38% committed occupancy as
of 19 Jan 2021
Another 22% under advanced
negotiation
Topped out level 51
On track to commence
operations in 2021
Committed Occupancy Rate (%)1
87.6
97.4 97.5
92.9
93
89
Singapore
U.S.6
Australia
China
4
UK
India
5
2.
As of 16 Oct 2020
3.
For Singapore Grade A office buildings only, including 79 Robinson Road
4.
Refers to the 32 logistics properties and 4 suburban office properties owned by Ascendas Reit
5.
Refers to the 38 logistics properties owned by Ascendas Reit
6.
Refers to the 28 business park properties and 2 office properties owned by Ascendas Reit
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