PROPERTY
    PORTFOLIO
  Property Overview
  Portfolio Statistics
  Singapore
 
Bugis Junction
Towers
Marina Bay
Financial Centre
One Raffles Quay
  Ocean Financial
     Centre
   Australia
8 Chifley Square,
Sydney
8 Exhibition Street, Melbourne
311 Spencer Street, Melbourne
275 George Street,
Brisbane
David Malcolm Justice Centre
   

Portfolio Statistics

Singapore Portfolio

Ocean Financial Centre1 

Marina Bay Financial Centre1,7

One Raffles Quay1

Bugis Junction Towers

Location 10 Collyer Quay,
Singapore 049315
8, 8A, 10 and 12
Marina Boulevard,
Singapore
018981-4 
1 Raffles Quay, Singapore 048583 230 Victoria Street, Singapore 188024
Title Leasehold interest
of 99 years expiring
13 December 2110 
Leasehold estate of 99 years expiring 10 October 21048

Leasehold estate of 99 years expiring 7 March 21069 
Leasehold estate of 99 years expiring 12 June 2100 Leasehold estate of 99 years expiring 9 September 2089
Ownership 99.9%  33.3%  33.3% 100%
Acquisition Date 14 December 20112

25 June 20122
15 December 2010 8

16 December 20149 
10 December 2007 26 April 2006
Purchase Price ($) 2,298.8 million3 1,426.8 million8
1,248 million9
941.5 million 159.5 million
Capitalisation Rate  3.75%  3.75% 3.75%  3.75% 
Valuation4 ($) 2,627 million
            
1,693 million8
1,316 million9
2,917 psf7
            
1,273 million
2,875 psf
            
525 million
2,147 psf
            
Attributable NLA 880,603 sf
81,810 sm
1,026,032 sf
95,321 sm
442,806 sf
41,138 sm
244,579 sf
22,722 sm
FY2017 Income Contribution ($) 91.6 million 95.0 million 28.8 million 15.1 million
Number of Tenants8 62 165 58 17
Principal Tenants ANZ, BNP Paribas, Drew & Napier DBS Bank, Standard Chartered Bank, Barclays Deutsche Bank, UBS, Ernst & Young Keppel Land, International Enterprise Singapore, InterContinental Hotels Group
Number of Carpark Lots9 224  1,054 713 64810


1 Refers to Keppel REIT's respective interest in the development.
2 The approximate 87.5% and 12.4% interests of the building were acquired on 14 December 2011 and 25 June 2012 respectively.
3 Based on purchase price of $2,013.1 million as at 14 December 2011 and $285.7 million as at 25 June 2012.
4 Valuation as at 31 December 2017 based on Keppel REIT’s interest in the respective properties.
5 Tenants located in more than one building are accounted for as one tenant when computing the total number of tenants.
6 Refers to all available carpark lots in the respective properties, excluding loading and unloading bays.
7 Comprises Marina Bay Financial Centre (MBFC) Towers 1, 2 and 3 and Marina Bay Link Mall (MBLM).
8 Refers to MBFC Towers 1 and 2 and MBLM.
9 Refers to MBFC Tower 3.
10 Carpark lots are owned and managed by the management corporation.

 

 

Australia Portfolio

8 Chifley Square1 

8 Exhibition Street1,6 

275 George Street1 

The David Malcolm Justice Centre1 

311 Spencer Street1
(Under development)
 

Location 8 Chifley Square New South Wales 2000,Sydney 8 Exhibition Street Victoria 3000, Melbourne 275 George Street Queensland 4000, Brisbane 28 Barrack Street and 585 Hay Street
Perth 6000,
Western Australia 
311 Spencer Street, Melbourne, Victoria 3008, Australia
Title Leasehold estate of 99 years expiring 5 April 2105 Freehold  Freehold  Leasehold estate of 99 years expiring 30 August 2114 Freehold 
Ownership Interest 50% 50%6 50% 50% 50%
Acquisition Date 28 July 2011  1 August 20137
12 October 20158
1 March 2010  28 March 2013  31 July 2017 
Purchase Price ($)
(on acquisition)
197.8 million 192.4 million7
8.9 million8
209.4 million  208.1 million 362.4 million
Valuation2,3 247.4 million
 
256 million6
 
219.3 million
 
216.8 million
 
148.9 million
 
Attributable NLA 104,138 sf
9,675 sm
245,954 sf
22,850 sm
224,693 sf
20,874 sm
167,784 sf
15,588 sm
358,683 sf
33,322 sm
FY 2017 Income Contribution ($) 13.3 million 11.5 million 15.5 million 13.3 million -
Number of Tenants4 8 21 12 2 1
Principal Tenants Corrs Chambers Westgarth, Quantium Group, QBE Insurance Group

 

Ernst & Young, Minister for Finance - State of Victoria, UBS Telstra Corporation, Queensland Gas Company Government of Western Australia Assistant Treasurer - State of Victoria
Number of 
Carpark Lots5
29 - 233 195 600


1 Refers to Keppel REIT’s respective interest in the development.
2 Valuation as at 31 December 2017 based on Keppel REIT’s interest in the respective properties.
3 Based on the exchange rate of A$1 = S$1.02.
4 Tenants located in more than one building are accounted for as one tenant when computing the total number of tenants.
5 Refers to all available carpark lots in the respective properties, excluding loading and unloading bays.
6 Keppel REIT owns a 50% interest in the 8 Exhibition Street office building and 100% interest in another 3 retail units.
7 Refers to Keppel REIT’s 50% interest in the office building.
8 Refers to Keppel REIT’s 100% interest in the 3 retail units.
9 The acquisition price was A$347.8 million, and based on the exchange rate of A$1 = S$1.042 as at June 2017.
10 Valuation on an “as is” basis as at 31 December 2017, and based on Keppel REIT’s interest in the property.