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Key Attractions of Property Portfolio
- Quality Assets. Prudential Tower, a prime 30-storey Grade-A office building at
Raffles Place, won the prestigious FIABCI Prix d'Excellence Award (office/industrial category) in 2003.
Bugis Junction Towers, a 15-storey office tower above the Bugis MRT Station, is part of the award-winning
Bugis Junction integrated development. Keppel Towers and GE Tower, located near the Tanjong Pagar MRT Station, are two of the few
large office developments with good specifications in that area. Located at the gateway to the New Downtown, One Raffles Quay is a prime Grade
A office development in Singapore with a direct link to the Raffles Place MRT Station. The development comprises a 50-storey
office tower and a 29-storey office tower, linked by a podium. One Raffles Quay was the winner of the FIABCI Prix d'Excellence
Award (office category) in 2008. 275 George Street is a freehold 30-storey Grade A commercial building located in the heart of Brisbane’s Central Business District, in Queensland, Australia.
- Quality Tenants. K-REIT Asia’s properties in Singapore have attracted quality tenants such as
International Enterprise Singapore, GE Pacific, Intercontinental Hotels Group, McGraw-Hill Companies, and The Executive Centre. Its stable and
diverse tenant base also includes leading financial institutions such as ABN Amro, Barclays Capital, Credit Suisse, Deutsche Bank, Ernst & Young,
UniCredit Bank and UBS AG. 275 George Street's major office tenants include leading Australian companies, Telstra Corporation and Queensland Gas
Company.
- Good Occupancy. Committed occupancy for the properties is 95% as at 31 December 2009.
- Experienced and Professional Management. The Manager and the Property Manager are wholly-owned subsidiaries of Keppel Land, who is recognised for developing and managing good quality office assets such as the award-winning Prudential Tower and Capital Square. The Manager is staffed by experienced professionals with an average experience of about 15 years in the real estate industry, with a track record of successfully investing in and managing quality property assets in Singapore and Asia. Key-staff members of the Manager have in-depth real estate investment, asset management and research experience.
- Long Land Leases. Keppel Towers and GE Tower as well as 275 George Street in Brisbane are located on freehold land while Bugis Junction Towers and Prudential Tower are held on 99-year tenure leases, expiring on 9 September 2089 and 14 January 2095 respectively. One Raffles Quay also has lease of 99 years, expiring on 12 June 2100.
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