Investment Portfolio
Overview
Suntec City
One Raffles Quay
MBFC Properties
9 Penang Road
177 Pacific Highway
Southgate Complex
Volume:
11,315,800
High:
1.77
Low:
1.77
Change:
0.00
Closing:
1.77
Suntec REIT’s portfolio comprises prime commercial properties in Suntec City, a 60.8% interest in Suntec Singapore, a one-third interest in One Raffles Quay, a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall (the “MBFC Properties”) and 30.0% interest in 9 Penang Road, all located within Singapore’s growth precincts, namely Marina Bay, the Civic and Cultural District, as well as within the Central Business District. In Australia, Suntec REIT holds a 100% interest in 177 Pacific Highway, a landmark office development in Sydney. On 4 November 2016, Suntec REIT completed the acquisition of an initial 25.0% interest in Southgate Complex, an integrated waterfront development which is located along the Yarra River in Melbourne, Australia.

Spanning a total net lettable area (“NLA”) of about 3.9 million sq ft, the properties derive a steady stream of income from a well-diversified pool of strong office and retail tenants. The committed occupancy of Suntec REIT’s office and retail portfolio stood at 98.6% and 97.7% respectively as at 31 December 2016.

Suntec REIT’s office portfolio leases are well diversified across 13 business sectors. 64.8% of the total gross office revenue for the month of December 2016 was attributable to the major business sectors of Banking, Insurance and Financial Services, and Technology, Media and Telecommunications. The top 10 tenants of the office portfolio contributed 23.2% of Suntec REIT’s total gross revenue for the month of December 2016 and occupied an area representing 34.4% of the REIT’s total office portfolio NLA

For the retail portfolio, 55.4% of the total gross retail revenue for the month of December 2016 was attributable to the major business sectors of Food and Beverage, and Fashion and Accessories. The top 10 tenants of the retail portfolio contributed 5.3% of Suntec REIT’s total gross revenue for the month of December 2016 and occupied an area representing 27.4% of the REIT’s total retail portfolio NLA.

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