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OVERVIEW PORTFOLIO SPH REIT’s portfolio offers investors a unique combination of Orchard Road and suburban properties exposure with both retail and healthcare services components SPH REIT ANNUAL REPORT 2014 38

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SPH REIT’s portfolio offers investors a unique combination

of Orchard Road and suburban properties exposure with both retail and healthcare

services components

SPH REIT

ANNUALREPORT

2014

38

SPH REIT

ANNUALREPORT

2014

39

PA

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SPH REIT

ANNUALREPORT

2014

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Note:(1) FP2014.

Description A 6-storey retail podium with 1 basement level, together witha 14-storey medical suite/office tower and another 3-storey medical suite/office tower both sitting on top the retail podium. It also includes a basement carpark

Net Lettable Area Retail: 484,840 sq ftMedical suite/office: 223,000 sq ftTotal: 707,840 sq ft

Number of tenants 292

Car Park Lots 416

Title 99 years commencing 24 July 2013

Gross Revenue(1) S$180.6m

Net Property Income(1) S$136.7m

Market Valuation S$2,588m as at 31 August 2014

Committed Occupancy 100.0% as at 31 August 2014

Key Tenants Balenciaga, Burberry, Ermenegildo Zegna, Etro, Givenchy, Gucci, Miu Miu, Prada, Salvatore Ferragamo, Tod’s, Versace

Crystal Jade Golden Palace Restaurant, Din Tai Fung,Imperial Treasure Super Peking Duck Restaurant

Citigold Private Client, Marks & Spencer, Metro, MUJI,Paragon Market Place Fitness First, Pacific Healthcare Specialist Centre

Awards and Accolades • Singapore Retailers Association (“SRA”) Shopping Centre Awards 2013 - Outstanding Efforts in Centre Management

• Orchard Road Christmas Light Up, Best Dressed Building Contest 2013 - Winner

• Most MasterCard® Friendly Mall Award 2013 - Winner

PROPERTY INFORMATION

TRADE MIX – BY GROSS RENTAL INCOMEFOR THE MONTH OF AUGUST 2014

TRADE MIX – BY NLAFOR THE MONTH OF AUGUST 2014

33.1%

19.4%14.4%

11.8%

8.9%

Departmental Stores & Supermarket

Luxury Brands, Jewellery & Watches

Fashion, Handbags, Shoes, Accessories & Optical

Food & Beverage

Lifestyle

10.1%

2.3%

Non-retail Services

Medical Suite/Office

31.5%2.7%

18.2%

9.8%

9.7%

17.4%

Departmental Stores & Supermarket

Fashion, Handbags, Shoes, Accessories & Optical

Food & Beverage

Lifestyle

Non-retail Services

Medical Suite/Office

10.7%

Luxury Brands, Jewellery & Watches

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ABOUT PARAGON

A premier upscale retail mall and medical suite/office property strategically located in the heart of Orchard Road, Singapore’s most famous shopping and tourist precinct. Paragon consists of a six-storey retail podium and one basement level with 484,840 sq ft of retail NLA (“Paragon Mall”) and features an all-glass facade with 136 metres of prime Orchard Road frontage, showcasing duplex flagship stores of top international fashion brands. A 14-storey tower and another three-storey tower sit on top of the retail podium with a total 223,000 sq ft of medical suite/office NLA (“Paragon Medical”).

Paragon Medical is ideally positioned to capitalise on

medical tourists, an important sub-group of Orchard Road’s total tourist market. Paragon Mall benefits from a regular catchment of patients, both local and medical tourists, and their accompanying relatives by virtue of Paragon’s location immediately adjacent to Mount Elizabeth Hospital and Mount Elizabeth Medical Centre, a renowned private hospital and its specialist medical centre, respectively.

ORCHARD ROAD PRECINCT

Orchard Road, Singapore’s premier shopping and tourist precinct, is a 2.2 kilometre boulevard located in the central region of Singapore flanked by approximately 45 retail centres with approximately 7.5 million sq ft of NLA and about 11,000 guest rooms and serviced

Paragon is a premier upscale retail mall and medical suite/office property

strategically located in

the heart of Orchard Road

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PARAGON

apartments in the vicinity. The precinct is well connected by underground pedestrian walkways and linkages between buildings.

Orchard Road is an epicentre for shopping, leisure activities, entertainment, events and festive celebrations. It is regularly visited by the local population as well as tourists. This famous street was ranked number one in “The Most Beautiful Avenues of the World International Survey 2011/2012” conducted by French survey company, Presence.

Paragon is well connected by way of the Central Expressway. It is also well served by the public transport network with bus stops and two MRT stations within close walking distance. Paragon is located in close proximity to other landmark tourist attractions in Singapore including The Istana (0.9km away), Clarke Quay (1.8km away), Singapore Botanic Gardens (2.4km away), Boat Quay (2.4km away), Singapore Flyer (3.4km away), Marina Bay Sands (3.4km away), Sentosa (5.5km away) and Gardens by The Bay (6.3km away).

Mount ElizabethHospital

& Medical Centre

Shaw Centre

Shaw House

TangsPlaza

Lucky Plaza

Ngee Ann City

Wisma Atria

Wheelock Place

ION Orchard

Orchard MRT

CathayCineleisure

OrchardGateway

OrchardCentral

Grand ParkOrchard

The Heeren

313 Somerset

Somerset MRT

The Centrepoint

Mandarin Orchard

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ALL

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Notes:(1) FP2014.(2) The Clementi Mall’s valuation excludes income support. The guaranteed NPI per year is S$31 million

and the aggregate top up NPI shall not exceed S$20 million over five years.

Description A 5-storey retail podium including a basement carpark, a public library, with direct transport links to the bus interchange on the ground floor and the Clementi MRT station on the 3rd floor via a linkbridge

Net Lettable Area Retail: 192,460 sq ft

Number of tenants 150

Car Park Lots 166

Title 99 years commencing 31 August 2010

Gross Revenue(1) S$42.3m

Net Property Income(1) S$29.2m

Market Valuation(2) S$571.0m as at 31 August 2014

Committed Occupancy 100.0% as at 31 August 2014

Key Tenants Charles & Keith, Cotton On, G2000, The Body Shop

BreadTalk, Foodfare, Ichiban Sushi, McDonald’s, Soup Restaurant, Swensen’s

Best Denki, BHG, Clementi Public Library, FairPrice Finest, Popular Bookstore

Award South West Community Development Council and National Environment Agency’s 9th South West Public Health Awards 2013 – Clean, Dry and Sparkling Toilets Awards (Shopping Malls Division) - Winner

PROPERTY INFORMATION

TRADE MIX – BY GROSS RENTAL INCOMEFOR THE MONTH OF AUGUST 2014

32.6% 26.7%

28.3% 26.3%

22.5%

14.6%

17.1%

9.8%

Departmental Stores &

Supermarket

Fashion, Handbags, Shoes, Accessories & Optical

Fashion, Handbags, Shoes, Accessories & Optical

Food & Beverage

Food & Beverage

Lifestyle Lifestyle

6.8%

Non-retail Services

15.3%

Non-retail Services

Departmental Stores & Supermarket

TRADE MIX – BY NLAFOR THE MONTH OF AUGUST 2014

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ABOUT THE CLEMENTI MALL

A mid-market family-oriented suburban mall strategically located in the centre of Clementi town, a well-established residential area in the west of Singapore. The Clementi Mall consists of a five-storey retail podium and one basement level with 192,460 sq ft of retail NLA. The retail mall, which opened in 2011, is part of the first mixed-use development in Singapore with a public library, bus interchange, HDB residential blocks and commercial components. The property is also connected to the Clementi MRT station via a linkbridge on level three.

Its strategic location, direct transport connectivity and positioning to cater to the necessity shopping segment, has enabled The Clementi Mall to enjoy higher levels of footfall than a mall of similar size.

THE CLEMENTI PRECINCT

The Clementi district is located about 7km west of Orchard Road. It is well-connected to the rest of Singapore via the Ayer Rajah Expressway.

The Clementi MRT station services the East-West line that links directly to downtown Singapore and eastwards to Changi Airport.

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Going in the other direction further west, the MRT line serves the Jurong Lake District consisting of two complementary precincts, Jurong Gateway and Lakeside, which will be the biggest commercial hub outside the Central Business District.

The Clementi bus interchange has 14 bus lines which connect the town centre and MRT station with the suburbs.

The Clementi Planning Area has about 92,000 residents and more than 60,000 tertiary students in the Clementi and Queenstown Planning areas. In addition, there are 169,000 residents in the neighbouring Bukit Timah and Queenstown Planning Areas.

The first mixed-use development in Singapore with a public library, bus interchange, HDB residential blocks and commercial

components

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