CapitaLand Ascendas REIT · SGX:A17U
CapitaLand Ascendas REIT — Merger or Acquisition (July 2005)
21 slides from CapitaLand Ascendas REIT's merger presentation, Jul 27, 2005
Slide 1: Proposed acquisitions of nine properties
Proposed acquisitions of Techview, Techquest, LogisHub@Clementi, Hoya Building, Hamilton Sundstrand Building, Thales Building, Cityneon Design Centre, NNB Industrial Building and SENKEE Logistics Hub (the “Properties”) 27 July 2005
Slide 2: Agenda
Agenda • The Properties • Impact on A-REIT – Pro forma Financial Effect – Portfolio Diversification - Property yields Managed by Ascendas- Ascendas-MGM Funds Management Limited
Slide 3: Techview
Techview Purchase price : $76.0 million Property yield : 7.2% Valuation dated 18 July 2005 : S$76.0 million by DTZ Debenham Tie Leung (SEA) Pte Ltd Land area : 22,516 sqm Title : 60 years lease expiring in 8 Jul 2056 GFA : 50,985 sqm NLA : 36,912 sqm Occupancy : 87% Lease terms : Multi-tenanted prop
Slide 4: Techquest
Techquest Purchase price : $7.5 million Property yield : 7.4% Valuation dated 18 July 2005 : $7.5 million by DTZ Debenham Tie Leung (SEA) Pte Ltd Land area : 6,506 sqm Title : 60 years lease expiring on 15 Jun 2055 GFA : 7,920 sqm NLA : 6,266 sqm Occupancy : 72% Lease terms : Multi-tenanted property
Slide 5: LogisHub@Clementi
LogisHub@Clementi Purchase price : $18.1 million Property yield : 8.0% Valuation dated 18 July 2005 : $18.1 million by DTZ Debenham Tie Leung (SEA) Pte Ltd Land area : 23,529 sqm Title : 60 years lease expiring on 15 May 2053 GFA : 26,505 sqm NLA : 22,419 sqm Occupancy : 53% Lease terms : Multi-tena
Slide 6: Hoya Building
Hoya Building Purchase price : $5.3 million Property yield : 11.2% Valuation dated 18 July 2005 : S$5.3 million by Jones Lang Lasalle Property Consultants Pte Ltd Land area : 6,451 sqm Title : 30 years lease expiring in 15 May 2033 GFA : 5,092 sqm NLA : 5,092 sqm Occupancy : 100% Lease terms : 10 ye
Slide 7: Hamilton Sundstrand Building
Hamilton Sundstrand Building Purchase price : $31.0 million Property yield : 7.7% (1) Valuation dated 18 July 2005 : $31.0 million by DTZ Debenham Tie Leung (SEA) Pte Ltd Land area : 30,965 sqm (subject to survey) Title : 30 + 30 years lease expiring on 28 Feb 2065 GFA : 17,737 sqm (subject to surve
Slide 8: Thales Building
Thales Building Purchase price : $5.8 million Property yield : 8.1% Valuation dated 18 July 2005 : $5.8 million by DTZ Debenham Tie Leung (SEA) Pte Ltd Land area : 10,159 sqm (subject to survey) Title : 30 + 12 years lease expiring on 30 Jun 2047 GFA : 6,248 sqm (subject to survey) NLA : 6,049 sqm (
Slide 9: Cityneon Design Centre
Cityneon Design Centre Purchase price : $10.0 million Property yield : 8.4% Valuation dated 18 July 2005 : S$10.0 million by Jones Lang LaSalle Property Consultants PL Land area : 4,776 sqm Title : 30 + 13 years lease expiring in 30 Nov 2039 GFA : 11,917 sqm NLA : 9,726 sqm Occupancy : 97.8% 84 Gent
Slide 10: NNB Industrial Building
NNB Industrial Building Purchase price : $12.0 million Property yield : 8.3% Valuation dated 6 July 2005 : $12.0 million by CB Richard Ellis (S) Pte Ltd Land area : 8,282 sqm Title : 30 + 30 years lease commencing from 16 January 1996 GFA : 11,537 sqm NLA : 9,794 sqm Occupancy : 100% Lease terms : 1
Slide 11: SENKEE Logistics Hub
SENKEE Logistics Hub Purchase price : $42.3 million (stage 1) $63.8 million (stage 2) Property yield : 7.2% (1) Valuation dated 1 Apr 2005 : Stage 1 - S$42.3 million by DTZ Debenham Tie Leung (SEA) Pte Ltd. Stage 2 has not been constructed yet. Land area : 30,874 sqm Title : 30 + 15 years lease comm
Slide 12: Agenda
Agenda • The Properties • Impact on A-REIT – Pro forma Financial Effect – Portfolio Diversification - Property yields Managed by Ascendas- Ascendas-MGM Funds Management Limited
Slide 13: Distributable Income Per Unit (DPU) Positive
Distributable Income Per Unit (“DPU”) Positive DPU Impact (cents Property per unit) Techview 0.13 Techquest 0.01 LogisHub@Clementi 0.05 Hoya Building 0.03 Hamilton Sundstrand Building 0.06 Thales Building 0.02 Cityneon Design Centre 0.03 NNB Industrial Building 0.03 SENKEE Logistics Hub (stage one o
Slide 14: Agenda
Agenda • The Properties • Impact on A-REIT – Pro forma Financial Effect – Portfolio Diversification - Property yields Managed by Ascendas- Ascendas-MGM Funds Management Limited
Slide 15: A-REIT Weighted Lease Expiry Profile
A-REIT Weighted Lease Expiry Profile 20% % of A-REIT Property Income 10% 14.2% 14.2% 14.0% 12.8% 10.6% 10.3% 10.3% 9.4% 9.4% 8.5% 7.6% 6.9% 6.9% 6.8% 6.2% 6.2% 6.0% 5.9% 5.3% 4.8% 4.6% 3.7% 3.3% 2.6% 1.3% 1.2% 1.3% 1.2% 0.0% 1.2% 1.7% 1.6% 0% 0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 02 20 20 2
Slide 16: Asset Class Diversification by Portfolio Value
Asset Class Diversification by Portfolio Value Before acquisitions (1) After acquisitions (2) Logistics& Business Business Distribution Business Park Logistics & Park Park Centres Distribution Centres 23% 19% 21% 30% 30% 24% 25% 23% Hi-Tech 24% Hi-Tech Industrial Industrial Light Light Industrial In
Slide 17: Mix of Sale-&-Leaseback vs Multi-tenanted by Portfolio Value
Mix of Sale-&-Leaseback vs Multi- tenanted by Portfolio Value Before acquisitions (1) After acquisitions (2) Single- Single- tenanted / tenanted / Long term Long term 44% leases 44% leases Multi- 56% Multi- 56% tenanted tenanted Notes: (1) Based on 44 properties as at 1 July 2005 (2) Based on 53 pro
Slide 18: Agenda
Agenda • The Properties • Impact on A-REIT – Pro forma Financial Effect – Portfolio Diversification - Property yields Managed by Ascendas- Ascendas-MGM Funds Management Limited
Slide 19: Yield-Accretive
Yield-Accretive Techview Techquest LogisHub@ Hoya Hamilton Thales ($m) ($m) Clementi Building Sundstrand Building For Year One ($m) ($m) Building ($m) ($m) Income 9.44 1.29 3.14 0.67 1.95 1.01 Property Expenses 3.97 0.74 1.69 0.07 0.02 0.54 Net Income 5.47 0.55 1.45 0.60 1.93 0.47 Yield Before 7.2 7
Slide 20: Yield-Accretive
Yield-Accretive Cityneon Design NNB Industrial SENKEE Logistics Centre Building Hub For Year One (S$ m) (S$ m) (S$ m) Income 1.63 1.46 3.07 Property Expenses 0.79 0.46 0.03 Net Income 0.84 1.00 3.04 Yield Before Acquisition 8.4 8.3 7.2 (1) Costs (for year one) (1) Property yield is based on purchase
Slide 21: - End -
• The value of units in A-REIT (“Units”) and the income from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount in
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