Investor Presentaiton
8 Chifley
Square,
Sydney
Pinnacle Office Blue & William(3),
Park, Sydney
Sydney
Portfolio Information: Australia, South Korea & Japan
As at
30 Sep 2023
8 Exhibition
Street(4),
Melbourne
Victoria Police
Centre,
Melbourne
T Tower,
Seoul
KR Ginza II,
Tokyo
David Malcolm
Justice Centre,
Perth
Attributable
104,381 sf
375,652 sf
152,203 sf
244,600 sf
364,180 sf
167,784 sf
226,949 sf
36,323 sf
NLA
Ownership
50.0%
100.0%
100.0%
50.0%
50.0%
50.0%
99.4%
98.5%
Principal
tenants (¹)
QBE Insurance,
NSW Business
Chamber
Konica
Minolta, Coles
Aristocrat
Technologies,
Equifax, Temenos
Australia
Services, Human
Supermarkets
Synergistics
Australia Pty
Limited
Ernst & Young,
Amazon,
Minister for
Philips Korea,
Minister for
Finance - State
Minister for
Works -
Korea Medical
Netyear
Dispute Mediation
Group
Government of
Finance -
State of
Victoria
of Victoria
Western
Australia
and Arbitration
Agency, SK
Communications
Corporation,
Energy Gap
Tenure
99 years
expiring
5 Apr 2105
Freehold
Freehold
Freehold
Freehold
99 years
expiring
30 Aug 2114
Freehold
Freehold
Purchase price
(on acquisition)
A$165.0m
A$306.0m
A$327.7m
S$197.8m
S$289.9m
S$322.2m
A$168.8m
S$201.3m(4)
A$347.8m
S$350.1m
A$165.0m
S$208.1m
KRW252.6b
S$292.0m
JPY 8.83b
S$84.4m
A$222.5m
A$265.0m
A$295.0m
A$304.7m
A$430.0m
Valuation (2)
S$195.3m
S$232.6m
S$259.0m
S$267.5m(4)
S$377.5m
A$240.0m
S$210.7m
KRW293.5b
S$299.9m
JPY 9.0b
S$86.8m
Capitalisation
rate(2)
5.13%
6.00%
5.00%
5.25%(5)
4.25%
5.63%
3.90%
2.70%
(1)
On committed gross rent basis.
(2) Valuation and capitalisation rate as at 30 Jun 2023, valuation was based on Keppel REIT's interest in the respective properties and the exchange rates of
A$1 = S$0.8778, KRW 1,000 = S$1.022 and JPY 100 = S$0.9683
(3)
Keppel REIT
Blue & William achieved practical completion on 3 April 2023.
(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.
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