Investment Portfolio
Overview
Suntec City
Park Mall
One Raffles Quay
MBFC Properties
177 Pacific Highway
Southgate Complex
Volume:
3,442,600
High:
1.75
Low:
1.72
Change:
0.02
Closing:
1.74
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 Park Mall, all located within Singapore’s growth precincts, namely Marina Bay, the Civic and Cultural District, as well as within the Central Business District. Suntec REIT also holds a 100% interest in 177 Pacific Highway, a landmark office development in North 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 3.4 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 99.3% and 97.9% respectively as at 31 December 2015.

Suntec REIT’s office portfolio leases are well-diversified across 14 business sectors. 63.7% of the total gross office revenue for the month of December 2015 was attributable to the major business sectors of Banking, Insurance and Financial Services, and Information Technology. The top 10 tenants of the office portfolio contributed 26.9% of Suntec REIT’s total gross revenue for the month of December 2015 and occupied an area representing 40.5% of the REIT’s total office portfolio NLA.

For the retail portfolio, 52.8% of the total gross retail revenue for the month of December 2015 was attributable to the major business sectors of Food and Beverage, and Fashion and Accessories. The top 10 tenants of the retail portfolio contributed 6.4% of Suntec REIT’s total gross revenue for the month of December 2015 and occupied an area representing 29.1% of the REIT’s total retail portfolio NLA.

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