Straits Trading Business Segments Overview
2
GROWTH INITIATIVES
SRE - To grow from current S$2.0 billion to S$3.0 billion target Invested Assets in near term
Growth Strategy 1 - Further expansion into Asia Pacific logistics sector with Australia and South Korea as key markets
•
Logistics sector in Asia Pacific is poised to benefit from secular growth prospects spurred by COVID-19
Initial commitment of S$220 million. Portfolio expansion in Australia via build-to-suit development projects committed by blue-chip tenants
Aggregated a portfolio of 10 properties (1) with total assets worth S$516.7 million (2), representing a 39% uplift since Dec 2020
SRE to double down on Australian and South Korean logistics assets
AUSTRALIA
Built-to-suit warehouses in South Australia
and Victoria
Coco-Cola Amatil
677 springvale
Adelaide
SOUTH KOREA
Future-proof workplaces for
post-COVID occupier requirements
Collaboration with IGIS Asset Management, one of Korea's largest asset
managers, to establish a portfolio that develops and manages modern logistics
facilities to serve the populous Greater Seoul area
Initial commitment of ~KRW104 billion (~S$120 million)
Nexus North
885 Mountain Highway
320 Pitt Street (Sydney CBD)
Owens-Illinois Glass
Raytheon
Melbourne
Incitec Pivot
45 St Georges Terrace (Perth
CBD)
Sky Logis: A modern 6-storey ramp up logistics
facility
(1) See Appendix: Slide 34 and 35 for more information on SRE's logistics portfolio in Australia and South Korea
2) Figure represents SRE's pro-rata share of property value in Australia & Korea Logistics Portfolio as of 30 June 2021
STRAITS
TRADING
ESTABLISHED
1887
A MEMBER OF THE TECITY GROUP
Highlight 1
Diversification
Highlight 2
Growth
Highlight 3
Value Creation
Anseong: Development of a mixed logistics
facility (dry & cold storage)
18
Highlight 4
Financials
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