Investor Presentaiton
Portfolio Information: Singapore
As at
30 Sep 2023
Attributable NLA
Ownership
Marina Bay Financial
Ocean Financial Centre
697,434 sf
79.9%
Centre(4)
1,017,609 sf
33.3%
One Raffles Quay
Keppel Bay Tower
441,690 sf
DBS Bank,
Principal
tenants (1)
BNP Paribas,
Drew & Napier,
The Executive Centre
Standard Chartered
Bank,
HSBC
99 years expiring
Tenure
13 Dec 2110
Purchase price
(on acquisition)
Valuation (2)
Capitalisation
rate(2)
S$1,838.6m (3)
99 years expiring
10 Oct 2104(5) and
7 Mar 2106(6)
S$1,426.8m(5)
S$1,248.0m(6)
99 years expiring
S$941.5m
S$1,770.0m (5)
S$2,140.5m
S$1,282.0m
S$1,336.0m (6)
33.3%
TikTok,
Deutsche Bank,
Ernst & Young
12 Jun 2100
386,224 sf
100.0%
Keppel Group,
Pacific Refreshments,
Syngenta Asia Pacific
99 years expiring
30 Sep 2096
S$657.2m
S$710.0m
3.40%
3.29% (5); 3.25% (6)
3.50%
3.55%
(2) Valuation and capitalisation rate as at 30 Jun 2023, valuation was based on Keppel REIT's interest in the respective properties.
(3) Based on Keppel REIT's 79.9% of the historical purchase price.
(4) Comprises Marina Bay Financial Centre (MBFC) Towers 1, 2 and 3 and Marina Bay Link Mall (MBLM).
(1)
On committed gross rent basis.
Keppel REIT
(5)
Refers to MBFC Towers 1 and 2 and MBLM.
(6)
Refers to MBFC Tower 3.
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