07/27/2021 | Press release | Distributed by Public on 07/28/2021 02:22
Information on CICT Properties (Retail) (1) | |||||||||||
Tampines Mall | Junction 8 | IMM Building | Westgate | Bugis Junction | Bugis+ | Clarke Quay | Lot One Shoppers' Mall | Bedok Mall | JCube | Bukit Panjang Plaza(3) | |
Address | 4 Tampines Central 5 | 9 Bishan Place | 2 Jurong East Street 21 | 3 Gateway Drive | 200 Victoria Street | 201 Victoria Street | 3A/B/C/D/E River Valley Road | 21 Choa Chu Kang Avenue 4 | 311 New Upper Changi Road | 2 Jurong East Central 1 | 1 Jelebu Road |
Land Tenure | Leasehold tenure of 99 years with effect from 1 September 1992 | Leasehold tenure of 99 years with effect from 1 September 1991 | Leasehold tenure of 30 + 30 years with effect from 23 Jan 1989 | Leasehold tenure of 99 years with effect from 29 August 2011 | Leasehold tenure of 99 years with effect from 10 September 1990 | Leasehold tenure of 60 years with effect from 30 September 2005 | Leasehold tenure of 99 years with effect from 13 January 1990 | Leasehold tenure of 99 years with effect from 1 December 1993 | Leasehold tenure of 99 years with effect from 21 November 2011 | Leasehold tenure of 99 years with effect from 1 March 1991 | Leasehold tenure of 99 years with effect from 1 December 1994 |
Joint Venture Partners' Interests | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
Number of tenants | 164 | 164 | 470 | 246 | 220 | 87 | 59 | 143 | 191 | 117 | 117 |
NLA (sq ft) | 356,228 | 254,105 | Total: 963,378 | 409,087 | 396,419 | 214,376 | 293,248 | 227,664 | 222,469 | 210,043 | 163,652 |
Retail: 424,408 | |||||||||||
Warehouse: 538,970 | |||||||||||
Valuation as at 31 December 2020 (S$ million) | 1,074.00 | 794.00 | 670.00 | 1,087.00 | 1,087.00 | 353.00 | 394.00 | 531.00 | 779.00 | 276.00 | 334.50 |
Committed occupancy as at 30 June 2021 | 99.9% | 100.0% | 99.9%(2) | 98.0% | 99.1% | 96.9% | 82.9% | 99.7% | 98.0% | N.A.(4) | N.A.(4) |
Carpark Lots | 637 | 305 | 1,324 | 610 | 648 | 325 | 424 | 321 | 265 | 341 | 326 |
1H 2021 Gross revenue (S$ million) | 38.3 | 28.4 | 42.7 | 31.5 | 36.9 | 13.7 | 6.9 | 19.3 | 26.2 | N.A.(5) | N.A.(5) |
1H 2020 Gross revenue (S$ million) | 30.9 | 23.8 | 36.1 | 28.4 | 31.3 | 12.6 | 14.5 | 16.0 | 21.8 | N.A.(6) | N.A.(6) |
1H 2021 Net property income (S$ million) | 28.1 | 20.7 | 30.7 | 21.9 | 27.0 | 9.6 | 1.7 | 13.1 | 19.7 | N.A.(5) | N.A.(5) |
1H 2020 Net property income (S$ million) | 21.2 | 16.3 | 24.3 | 19.1 | 21.3 | 8.3 | 8.9 | 10.2 | 15.1 | N.A.(6) | N.A.(6) |
Notes: | |||||||||||
(1) All information stated on a 100.0% basis, unless otherwise stated. Number of tenants, NLA and valuations are as at 31 December 2020. | |||||||||||
(2) Includes retail leases only. | |||||||||||
(3) Comprises 90 out of 91 strata lots. | |||||||||||
(4) JCube and BPP are classified under Others Assets. The total committed occupancy as at 30 June 2021 was 97.3%. | |||||||||||
(5) JCube and BPP are classified under Others Assets. The total gross revenue and net property income for 1H 2021 for Other Assets were S$23.8 million and S$16.1 million respectively. | |||||||||||
(6) JCube and BPP are classified under Others Assets. The total gross revenue and net property income for 1H 2020 for Other Assets were S$19.1 million and S$11.2 million respectively. |
Information on CICT Properties (Office) (1) | ||||||||
Income contribution of the office properties to CICT effective from 21 October 2020 to 31 December 2020. The 1H 2020 financial information provided below is for reference. | ||||||||
Asia Square Tower 2 | CapitaGreen | Capital Tower | Six Battery Road | One George Street | 21 Collyer Quay(3) | Gallileo | Main Airport Center | |
Address | 12 Marina View | 138 Market Street | 168 Robinson Road | 6 Battery Road | 1 George Street | 21 Collyer Quay | Gallusanlage 7/Neckarstrasse 5, 60329 Frankfurt am Main, Germany | Unterschweinstiege 2-14, 60549 Frankurt, Germany |
Land Tenure | Leasehold tenure of 99 years with effect from 3 March 2008 (land lot only) | Leasehold tenure of 99 years with effect from 1 April 1974 | Leasehold tenure of 99 years with effect from 1 January 1996 | Leasehold tenure of 999 years with effect from 20 April 1826 | Leasehold tenure of 99 years with effect from 22 January 2003 | Leasehold tenure of 999 years with effect from 19 December 1850 | Freehold | Freehold |
Joint Venture Partners' Interests | N.A. | N.A. | N.A. | N.A. | CICT: 50.0% OGS (II) Limited: 50.0% | N.A. | CICT: 94.9% CapitaLand: 5.1% | CICT: 94.9% CapitaLand: 5.1% |
Number of tenants | 70 | 52 | 29 | 99 | 52 | 1 | 7 | 33 |
NLA (sq ft) | Total: 776,909 | 700,372 | 734,739 | 499,365 | 445,735 | 200,469 | 436,179 | 649,462 |
Retail: 25,568 | ||||||||
Office: 751,341 | ||||||||
Valuation as at 31 December 2020 (S$ million) | 2,128.0 | 1,611.0 | 1,389.0 | 1,414.0 | 1,122.0 | 468.0 | 576.0(4) | 420.5(4) |
Committed occupancy as at 30 June 2021 | 84.7%(2) | 96.0% | 96.8% | 78.3% | 96.9% | 100.0% | 100.0% | 92.5% |
Carpark Lots | 266 | 184 | 415 | 191 | 178 | 53 | 43 | 1,513 |
1H 2021 Gross revenue (S$ million) | 50.7 | 46.9 | 35.0 | 27.5 | 13.0 (50.0% interest) | 4.3(3) | 14.4 | 13.2 |
1H 2020 Gross revenue (S$ million) | 51.6 | 44.7 | 35.8 | 26.5 | 12.8 (50.0% interest) | 9.2 | 13.8 | 12.3 |
1H 2021 Net property income (S$ million) | 39.1 | 37.7 | 26.3 | 20.8 | 10.2 (50.0 interest) | 2.7 | 12.0 | 8.5 |
1H 2020 Net property income (S$ million) | 40.0 | 35.9 | 27.3 | 19.2 | 10.1 (50.0 interest) | 8.5 | 11.2 | 8.3 |
Notes: | ||||||||
(1) All information stated on a 100.0% basis, unless otherwise stated. Number of tenants, NLA and valuation are as at 31 December 2020. | ||||||||
(2) Includes retail and office leases. Lower occupancy due to the lease expiry of an anchor tenant, Allianz in 2Q 2021, backfilling in progress. | ||||||||
(3) Refers to amortised rent upon handover of property to tenant. | ||||||||
(4) Valuation stated is on a 100.0% basis and not proportioned to interest. The conversion rate used for the 31 December 2020 valuations was EUR1 = S$1.595. |
Information on CICT Properties (Integrated developments) (1) | |||||
Raffles City Singapore(2) | Funan | Plaza Singapura | The Atrium@Orchard | CapitaSpring | |
Address | 250 & 252 North Bridge Road; 2 Stamford Road; 80 Bras Basah Road | 107 and 109 North Bridge Road | 68 Orchard Road | 60A and 60B Orchard Road | 86 & 88 Market Street |
Land Tenure | Leasehold tenure of 99 years with effect from 16 July 1979 | Leasehold tenure of 99 years with effect from 12 December 1979 | Freehold | Leasehold tenure of 99 years with effect from 15 August 2008 | Leasehold tenure of 99 years with effect from 1 February 1982 |
Joint Venture Partners' Interests | N.A. | N.A. | N.A. | N.A. | CICT: 45.0% |
CapitaLand: 45.0% | |||||
Mitsubishi Estate Co., Ltd.: 10.0% | |||||
Number of tenants | 260 | 207 | 230 | 74 | N.A. |
NLA (sq ft) | Total: 808,200 | Total: 531,558 | 484,439 | Total: 386,892 | Total: 647,000 |
Retail: 426,833 | Retail: 317,430 | Retail: 134,584 | Retail: 12,000 | ||
Office: 381,367 | Office: 214,128 | Office: 252,308 | Office: 635,000 | ||
Valuation as at 31 December 2020 (S$ million) | 3,179.00 | 742.00 | 1,300.00 | 750.00 | 1,037.0(4) |
Committed occupancy as at 30 June 2021 | Total: 93.6%(3) | Total: 98.4%(3) | 97.9% | Total: 100.0%(3) | 61.8% |
Retail: 92.3% | Retail: 97.3% | - | Retail: 94.2% | - | |
Office: 95.1% | Office: 100.0% | - | Office: 100.0% | - | |
Carpark Lots | 1,051 | 404 | 695 | 127 | 350 |
1H 2021 Gross revenue (S$ million) | 93.1 (100% interest) | 30.3 | 40.2 | 22.4 | Under construction; Completion expected in 4Q 2021 |
1H 2020 Gross revenue (S$ million) | 97.7 (100% interest) | 26.5 | 34.9 | 22.5 | Under construction; Completion expected in 4Q 2021 |
1H 2021 Net property income (S$ million) | 69.7 (100% interest) | 20.8 | 29.4 | 16.6 | Under construction; Completion expected in 4Q 2021 |
1H 2020 Net property income (S$ million) | 75.6 (100% interest) | 18.7 | 25.0 | 16.8 | Under construction; Completion expected in 4Q 2021 |
Notes: | |||||
(1) All information stated on a 100.0% basis, unless otherwise stated. Number of tenants, NLA and valuation are as at 31 December 2020. | |||||
(2) Income contribution from Raffles City Singapore on a 100.0% basis from 21 October 2020 onwards. Prior to 21 October 2020, Raffles City Singapore was a joint venture of CICT on a 40.0% interest basis. | |||||
(3) Includes retail and office leases. | |||||
(4) Valuation stated is on a 100.0% basis and not proportioned to interest. |