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Singapore
Australia
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Portfolio Overview
As at 3 May 2011, K-REIT Asia’s property portfolio comprised six quality commercial assets, four in Singapore and two in Australia. In Singapore, these include Bugis Junction Towers, a one-third interest in Marina Bay Financial Centre Towers 1 & 2 and Marina Bay Link Mall, a one-third interest in One Raffles Quay and a 92.8% interest in Prudential Tower. In Australia, K-REIT Asia owns the 77 King Street office tower in Sydney and a 50% interest in 275 George Street in Brisbane.
Property portfolio information shown below is as at 31 December 2010 for the financial year ended 2010.
Property Portfolio Statistics
|
As at 31 December 2010 |
As at 31 December 2009 |
| Net lettable area (NLA) |
169,196 sm
1,821,219 sf |
120,627 sm
1,298,420 sf
|
| Valuation |
$3,487.6 million |
$2,097.7 million |
| Number of tenants1 |
159 |
119 |
| Number of car park lots |
1,664 |
1,001 |
| Committed occupancy |
97% |
95% |
| Weighted Average Lease Expiry |
7.6 years |
5.2 years |
1 Tenants located in more than one property are accounted for as one tenant when computing the total number
of tenants.
Tenant Business Sector by Net Lettable Area (NLA) as at 31 December 2010
(1) Tenants located in more than one property are accounted as one tenant when computing the total number of tenants.
Top 10 Tenants
| Ranking1 |
Building2 |
Tenant |
Business Sector |
% of Total Committed Monthly Gross Rent3 |
% of Total Committed NLA3 |
| 1 |
MBFC 1 |
Standard Chartered Bank |
Banking, insurance & financial services |
10.0 |
9.9 |
| 2 |
MBFC 1 |
Barclays Capital Service
Limited Singapore Branch |
Banking, insurance & financial services |
7.4 |
6.7 |
| 3 |
MBFC 1 |
BHP Billiton Marketing Asia Pte Ltd |
Energy & natural resources |
7.2 |
4.4 |
| 4 |
275GS |
Telstra Corporation Limited |
Telecommunications & multi-media |
6.9 |
8.8 |
| 5 |
BJT |
International Enterprise Singapore |
Government agency |
5.4 |
4.8 |
| 6 |
ORQ |
Deutsche Bank Aktiengesellschaft |
Banking, insurance & financial services |
3.8 |
5.3 |
| 7 |
275GS |
Queensland Gas Company Limited |
Energy & natural resources |
2.9 |
3.5 |
| 8 |
ORQ & PT |
The Executive Centre Singapore Pte Ltd |
Real estate & property services |
2.8 |
1.6 |
| 9 |
ORQ |
UBS AG |
Banking, insurance & financial services |
2.8 |
4.3 |
| 10 |
MBFC 1 |
Macquarie Capital Securities
(Singapore) Pte Limited |
Banking, insurance & financial services |
2.5 |
1.4 |
| Total |
51.7 |
50.7 |
1 Based on committed monthly gross rent income and committed NLA as at 31 December 2010.
2 BJT: Bugis Junction Towers, ORQ: One Raffl es Quay, PT: Prudential Tower, MBFC 1: Marina Bay Financial Centre
Phase 1, 275GS: 275 George Street
3 Information on ORQ and MBFC 1 tenants are computed based on K-REIT Asia’s one-third interest. Information on
275GS is computed based on
K-REIT Asia’s 50% interest.
Portfolio Lease Expiry and Rent Review as at 31 December 2010
Weighted Average Lease Expiry (WALE) as at 31 December 2010
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