Singapore Portfolio (As at 31 December 2023)
| Ocean Financial Centre1 | Marina Bay Financial Centre1,7 | One Raffles Quay1 | Keppel Bay Tower1 |
|
| Location | 10 Collyer Quay, Singapore 049315 |
8, 8A, 10 and 12 Marina Boulevard, Singapore 018981-4 |
1 Raffles Quay, Singapore 048583 | 1 HarbourFront Avenue, Singapore 098632 |
| 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 30 September 2096 |
| Ownership Interest | 79.9% | 33.3% | 33.3% | 100% |
| Acquisition Date | 14 December 20112 25 June 20122 |
15 December 20108 16 December 20149 |
10 December 2007 | 18 May 2021 |
| Purchase Price | S$1,838.6 million3 | S$1,426.8 million8 S$1,248.0 million9 |
S$941.5 million | S$657.2 million |
| Valuation1 | S$2,149.3 million S$3,082 psf |
S$1,793.0 million8 S$1,349.0 million9 S$3,125 psf8 S$3,037 psf9 |
S$1,306.7 million S$2,958 psf |
S$715.0 million S$1,851 psf |
| Capitalisation Rate | 3.40% | 3.25%9,10 4.50%11 |
3.15% | 3.55% |
| Attributable NLA | 697,434 sf 64,793 sm |
1,017,638 sf 94,541 sm |
441,690 sf 41,034 sm |
386,224 sf 35,881 sm |
| FY 2023 Attributable NPI | S$73.6 million | S$102.1 million | S$44.1 million | S$27.2 million |
| Number of Tenants4 | 79 | 213 | 60 | 32 |
| Principal Tenants5 | BNP Paribas, Drew & Napier, The Executive Centre |
DBS Bank, Standard Chartered Bank, HSBC | TikTok, Deutsche Bank, Ernst & Young | Keppel, Pacific Refreshments, Syngenta Asia Pacific |
| Number of Carpark Lots6 | 224 | 1,052 | 713 | 245 |
| 1 | Based on Keppel REIT’s interest in the respective properties as at 31 December 2023. |
| 2 | 87.5% interest of the building was acquired on 14 December 2011 and 12.4% interest of the building was acquired on 25 June 2012. 20.0% interest of the building was subsequently divested on 11 December 2018. |
| 3 | Based on Keppel REIT’s 79.9% of the historical purchase price. |
| 4 | Tenants located in more than one building are accounted as one tenant when computing the total number of tenants. |
| 5 | On committed gross rent basis. |
| 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 as well as MBLM. |
| 9 | Refers to MBFC Tower 3. |
| 10 | Refers to MBFC Tower 1 and 2. |
| 11 | Refers to MBLM. |
Australia Portfolio (As at 31 December 2023)
| 8 Chifley Square1 | Pinnacle Office Park1 | 2 Blue Street1 | 8 Exhibition Street1,7 | Victoria Police Centre1 |
David Malcolm Justice Centre1 | |
| Location | 8 Chifley Square, Sydney, New South Wales 2000, Australia | 6 Giffnock Avenue, Macquarie Park, New South Wales 2113, Australia | 2 Blue Street, North Sydney, New South Wales 2060, Australia | 8 Exhibition Street, Melbourne, Victoria 3000, Australia | 311 Spencer Street, Melbourne, Victoria 3000, Australia | 28 Barrack Street, Perth, Western Australia 6000, Australia |
| Title | Leasehold estate of 99 years expiring 5 April 2105 | Freehold | Freehold | Freehold | Freehold | Leasehold estate of 99 years expiring 30 August 2114 |
| Ownership Interest | 50% | 100% | 100% | 50%7 | 50% | 50% |
| Acquisition Date | 28 July 2011 | 31 December 2020 | 14 December 2021 | 1 August 20138 12 October 20159 |
31 July 2017 | 28 March 2013 |
| Purchase Price | S$197.8 million A$165.0 million |
S$289.9 million A$306.0 million |
S$322.2 million6 A$327.7 million6 |
S$192.4 million8 A$160.2 million8 S$8.9 million9 A$8.6 million9 |
S$350.1 million A$347.8 million |
S$208.1 million A$165.0 million |
| Valuation1,2 | S$191.9 million2 A$217.5 million A$22,429 psm |
S$233.9 million2 A$265.0 million A$7,668 psm |
S$253.3 million A$287.0 million A$20,235 psm |
S$268.9 million A$304.7 million A$13,409 psm |
S$368.9 million A$418.0 million A$12,355 psm |
S$211.4 million A$239.5 million A$15,365 psm |
| Capitalisation Rate | 5.38% | 6.13% | 5.25% |
5.13%8 5.13%9 |
4.50% | 5.75% |
| Attributable NLA | 104,381 sf 9,697 sm |
372,007 sf 34,560 sm |
152,009 sf 14,122 sm |
244,600 sf 22,724 sm |
364,180 sf 33,833 sm |
167,784 sf 15,588 sm |
| FY 2023 Attributable NPI | S$8.4 million | S$13.2 million | S$10.3 million | S$12.8 million | S$25.2 million | S$15.2 million |
| Number of Tenants3 | 9 | 19 | 4 | 28 | 1 | 3 |
| Principal Tenants4 | The Reserve Bank of Australia, Infrabuild, NSW Business Chamber |
Aristocrat Technologies, Konica Minolta, Coles Supermarkets |
Equifax, Pacific National, Temenos |
Ernst & Young, Amazon, CBRE |
Minister for Finance – State of Victoria |
Minister for Works –Government of Western Australia |
| Number of Carpark Lots5 |
28 | 746 | 33 | - | 600 | 195 |
| 1 | Based on Keppel REIT’s interest in the respective properties as at 31 December 2023. |
| 2 | Based on the exchange rate of A$1 = S$0.8825. |
| 3 | Tenants located in more than one building are accounted as one tenant when computing the total number of tenants. |
| 4 | On committed gross rent basis. |
| 5 | Refers to all available carpark lots in the respective properties, excluding loading and unloading bays. |
| 6 | Total development consideration subject to further true up adjustments depending on final surveyed floor area, leasing status and actual rents achieved at the property. Based on the exchange rate of A$1 = S$0.9833. |
| 7 | Keppel REIT owns a 50% interest in the 8 Exhibition Street office building and a 100% interest in the three adjacent retail units. |
| 8 | Refers to Keppel REIT’s 50% interest in the office building. |
| 9 | Refers to Keppel REIT’s 100% interest in the three adjacent retail units. |
South Korea Portfolio (As at 31 December 2023)
| T Tower1 | |
| Location | 30 Sowolro 2-gil, Jung-gu, Seoul, South Korea |
| Title | Freehold |
| Ownership Interest | 99.4% |
| Acquisition Date | 27 May 2019 |
| Purchase Price | S$292.0 million KRW 252.6 billion |
| Valuation1,2 | S$316.8 million KRW 305.8 billion KRW 24.5 million/py |
| Capitalisation Rate | 4.20% |
| Attributable NLA | 226,949 sf 21,084 sm |
| FY 2023 Attributable NPI | S$11.4 million |
| Number of Tenants3 | 18 |
| Principal Tenants4 | Philips Korea, Korea Medical Dispute Mediation and Arbitration Agency, SK Communications |
| Number of Carpark Lots5 | 292 |
| 1 | Based on Keppel REIT’s interest in the property as at 31 December 2023. |
| 2 | Based on the exchange rate of KRW 1,000 = S$1.036. |
| 3 | Tenants located in more than one building are accounted as one tenant when computing the total number of tenants. |
| 4 | On committed gross rent basis. |
| 5 | Refers to all available carpark lots in the respective properties, excluding loading and unloading bays. |
Japan Portfolio (As at 31 December 2023)
| KR Ginza II1 | |
| Location | 2-15-2, Ginza, Chuo-ku, Tokyo, Japan |
| Title | Freehold |
| Ownership Interest | 98.5% |
| Acquisition Date | 30 November 2022 |
| Purchase Price | S$84.4 million JPY 8.83 billion |
| Valuation1,2 | S$87.0 million JPY 9.6 billion JPY 2.7 million/psm |
| Capitalisation Rate | 2.70% |
| Attributable NLA | 38,096 sf 3,539 sm |
| FY 2023 Attributable NPI | S$0.9 million |
| Number of Tenants3 | 5 |
| Principal Tenants4 | CEISIEC GK, Net Year Group, New Rule Lab |
| Number of Carpark Lots5 | 16 |
| 1 | Based on Keppel REIT’s interest in the property as at 31 December 2023. |
| 2 | Based on the exchange rate of JPY 100 = S$0.9058. |
| 3 | Tenants located in more than one building are accounted as one tenant when computing the total number of tenants. |
| 4 | On committed gross rent basis. |
| 5 | Refers to all available carpark lots in the respective properties, excluding loading and unloading bays. |
