Robust 1Q 2022 Portfolio Performance
Portfolio Information: Singapore
As at
Ocean Financial Centre
31 Mar 2022
Attributable NLA
Ownership
Marina Bay
Financial Centre (4)
One Raffles Quay
Keppel Bay Tower
698,312 sf
1,022,508 sf
441,102 sf
79.9%
33.3%
33.3%
BNP Paribas,
DBS Bank,
Drew & Napier, Standard Chartered Bank,
Principal
tenants (1)
The Executive Centre
99 years expiring
Tenure
13 Dec 2110
S$1,838.6m(3)
Purchase price
(on acquisition)
Valuation(2)
Capitalisation
rates
S$2,066.2m
HSBC
99 years expiring
10 Oct 2104(5) and
7 Mar 2106(6)
S$1,426.8m(5)
S$1,248.0m (6)
S$1,683.3m(5)
S$1,265.3m(6)
3.50%
3.45% (7); 3.63%(6);
4.25%(8)
Deutsche Bank,
Ernst & Young,
TikTok
99 years expiring
12 Jun 2100
S$941.5m
S$1,250.0m
3.45%
386,223 sf
100.0%
Keppel Group,
BMW Asia,
Pacific Refreshments
99 years expiring
30 Sep 2096
S$657.2m
S$674.7m
3.55%
1) On committed gross rent basis.
2) Valuation as at 31 Dec 2021 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).
5)
Refers to MBFC Towers 1 and 2 and MBLM.
Keppel REIT
6)
Refers to MBFC Tower 3.
7)
Refers to MBFC Towers 1 and 2.
8) Refers to MBLM.
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