Robust 1Q 2022 Portfolio Performance
Portfolio Information: Australia & South Korea
Blue & William(3),
As at
31 Mar 2022
8 Chifley Square,
Sydney
Pinnacle Office
Park, Sydney
Sydney
(Under
Development)
8 Exhibition
Street(4),
Melbourne
Victoria Police
Centre,
Melbourne
David Malcolm
Justice Centre,
T Tower,
Seoul
Perth
Attributable
NLA
104,055 sf
375,640 sf
152,666 sf
244,490 sf
364,180 sf
167,784 sf
226,949 sf
Ownership
50.0%
Principal
tenants (1)
Corrs Chambers
Westgarth,
QBE Insurance,
Berkshire
Hathaway
100.0%
Aristocrat
Technologies,
Konica Minolta,
Coles
100.0%
50.0%
50.0%
50.0%
99.4%
Pending
Practical
Completion
Supermarkets
Ernst & Young,
Amazon,
Minister for
Finance State
of Victoria
Minister for
Minister for
Finance - State
of Victoria
Works -
Government of
Western
Hankook
Corporation,
Philips Korea, SK
Australia Communications
99 years expiring
Tenure
Freehold
Freehold
Freehold
Freehold
5 Apr 2105
99 years
expiring
Freehold
30 Aug 2114
Purchase price
A$165.0m
A$306.0m
(on acquisition)
S$197.8m
S$289.9m
A$327.7m
S$322.2m
A$168.8m
S$201.3m(4)
A$347.8m
A$165.0m
KRW252.6b
S$350.1m
S$208.1m
S$292.0m
A$234.5m
Valuation (2)
A$310.0m
A$166.8m(3)
A$294.4m
A$405.0m
A$237.5m
KRW272.0b
S$228.5m
S$302.1m
S$162.5m
S$286.9m(4)
S$394.7m
S$231.4m
S$313.1m
Capitalisation
4.63%
5.13%
4.50%
5.00%(5)
4.38%
5.38%
3.80%
rates
1)
On committed gross rent basis.
2)
Keppel REIT
3)
Valuation as at 31 Dec 2021 based on Keppel REIT's interest in the respective properties and the exchange rates of A$1 = S$0.9745 and KRW 1,000 = S$1.151.
Under development and based on "as-is" valuation as at 31 Dec 2021.
4) Keppel REIT owns a 50% interest in the 8 Exhibition Street office building and a 100% interest in the three adjacent retail units.
5) Refers to Keppel REIT's 50% interest in the office building and 100% interest in the three adjacent retail units.
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