Straits Trading Business Segments Overview
CAPITAL RECYCLING TRACK RECORD
Proven track record of SRE
SRE's Divestment of 114 William Street
Acquisition
Asset
Enhancement
•
•
Harvest
.
26-storey office building situated in the Melbourne CBD
Acquired in August 2015 for approximately S$125.1million
(A$125.0million)
Asset enhancement works, together with active leasing
strategy, resulted in significant improvements in occupancies,
WALE and yield
Divested for approximately S$171.8million
(A$161.5million) in November 2016
Achieved IRR of 24.6% and EM of 1.39x
SRE's Divestment of the Greater Tokyo Office Fund
Successful divestment of the
Greater Tokyo Office Fund (GTOF)
•
In June 2015 SRE acquired
47.5% stake in a portfolio of
office properties in greater
Tokyo at higher-than-market
yields via off-market deals
Follow-up
fund with
updated
strategy
Establishment of Japan Value
Fund II (JVF II)
Redeployed capital into a
larger portfolio with a
committed capital of JPY8.Obn
in June 2018
Portfolio fully divested in
FY2018; crystalised valuation
gains of S$35.0million,
representing asset-level IRR of
19.0% and EM of 1.4 times.
Updated mandate to acquire
office and other assets in the
Greater Tokyo and other key
cities in Japan
STRAITS
TRADING
ESTABLISHED
1887
A MEMBER OF THE TECITY GROUP
114 William Street,
Melbourne
•
Investment return far
exceeded target returns
Portfolio under active asset
reconstitution to realise value
and capture market
opportunities
36
© Copyright 2021.
The Straits Trading Company Limited.
All rights reserved.View entire presentation