2015
JANUARY 2015
Hartmann, the American fashion
luggage brand, opened its first
Singapore boutique at Wisma Atria.
MARCH 2015
Starhill Gallery held its annual
Fashion Week 2015 which showcased
a preview of Spring/Summer
collections by international designers.
APRIL 2015
Entered into a facility agreement with
the same banks to secure a five-year
unsecured term loan facility to early
refinance its existing JPY6.3 billion
term loan in July 2015, ahead of
maturity in September 2016.
Starhill Global REIT was affirmed a
“BBB+” rating by Standard & Poor’s.
New tenants including Lululemon
Athletica, La Cure Gourmande,
ABC Cooking Studio from Japan
and British India have moved into
the newly reconfigured space on
Level 3 of Ngee Ann City. Previous
tenant, Books Kinokuniya has been
relocated to Level 4.
Swiss luxury watch brand deLaCour
opened its first flagship boutique
in Asia, at Wisma Atria.
MAY 2015
Completed the acquisition of Myer
Centre Adelaide for A$288 million,
expanding Starhill Global REIT’s
footprint in Australia from 7.1%
as at 31 December 2014 to
approximately 16.1% by asset
value as at 30 June 2015.
Entered into a A$145 million
three-year secured term loan
facility and a S$250 million three-
year unsecured term loan facility
to secure the funding for the
acquisition of Myer Centre Adelaide
in May 2015 and to early refinance
its existing S$100 million term loan
in June 2015, ahead of maturity
in September 2016.
Issued S$125 million eight-year
unsecured fixed rate notes at 3.4%
coupon per annum due 2023
(Series 003 Notes) under its
S$2 billion multicurrency MTN
Programme. The notes were assigned
a “BBB+” rating by Standard & Poor’s.
Wisma Atria hosted the inaugural
StyleXStyle SG50 Awards which
recognised 50 individuals who have
contributed passionately to fashion,
music, food and art industries
in Singapore.
Tory Burch’s showcase of the
brand’s Summer 2015 collection was
officially unveiled at Wisma Atria
with a pop-up shop inspired by the
designer’s own poolhouse.
The appointment of the Property
Manager of Starhill Global REIT’s
interests in Ngee Ann City and
Wisma Atria, YTL Starhill Global
Property Management Pte. Ltd.,
was extended for a further term of
five years from 20 September 2015.
JUNE 2015
YTL Group converted the remaining
20,334,750 CPU issued in June 2010
into 27,986,168 Units, raising its stake
in Starhill Global REIT to 37.09%.
Following this conversion, there are
no more CPU.
Starhill Gallery hosted the Global
Business Forum and post-event
party of the International Indian
Film Academy (IIFA) Awards 2015,
which honours creative and technical
talents of the Hindi film industry.
The event was attended by
Bollywood celebrities.
Starhill Global REIT’s property
portfolio, which includes the recently
acquired Myer Centre Adelaide,
was valued at S$3,116.2 million as
at 30 June 2015.
The Tory
Burch Getaway
Boutique
at Wisma
Atria which
showcased the
brand’s Summer
2015 collection.
A Journey
Through Time
VIII at Starhill
Gallery.
The launch of
Lot 10 Sports
Hub was graced
by Singapore
football icon
Abbas Saad
(third from left).
Bollywood
celebrity Hrithik
Roshan (right) at
Starhill Gallery
which hosted
the Global
Business Forum
segment of the
International
Indian Film
Academy (IIFA)
Awards.
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The annual
Starhill Gallery
Fashion Week
showcased
a preview of
collections by
international
designers.
The Nike Women
Run Free Rooftop
Celebration 2014
held at Lot 10.
Soccer legend
Michael Owen
made a guest
appearance as
part of Wisma
Atria’s GOAL!
All The Way
campaign.
Singapore
luminary actress
Zoe Tay (right)
was a recipient
of the inaugural
StyleXStyle SG50
Awards held at
Wisma Atria.
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Significant Events
in FY 2014/15
completed in September 2014.
Directly connected to Level 1 of
Lot 10, it gives shoppers greater
accessibility to the mall.
Spanning over 21,000 sq ft, the
Lot 10 Sports Hub was officially
launched on 18 September and
graced by Singapore football icon
Abbas Saad. Asia’s first Liverpool FC
boutique was officiated by former
Liverpool striker Robbie Fowler.
OCTOBER 2014
Korean cosmetics brand Etude
House opened its flagship Singapore
concept store at Wisma Atria.
NOVEMBER 2014
Starhill Gallery hosted Asia’s grandest
luxury watch and jewellery show
“A Journey Through Time VIII”.
Over 125 luxury brands including
Bedat & Co, Cecil Purnell, Hermès,
Omega, Hublot, Jaeger-LeCoultre,
Ulysse Nardin, Breguet, Dior and
Maîtres du Temps showcased their
private collections, international
product debuts and exquisite pieces.
DECEMBER 2014
Attracted shopper traffic of
26.6 million to the Wisma Atria
Property in year 2014.
Starhill Global REIT’s property
portfolio was valued at
S$2,854.8 million as at
31 December 2014.
2014
JANUARY 2014
Starhill Gallery’s key luxury tenant
Louis Vuitton tripled its presence
in Starhill Gallery to approximately
16,000 sq ft with the opening of its
first global boutique in Malaysia.
FEBRUARY 2014
Issued S$100 million seven-year
unsecured fixed rate notes at 3.5%
coupon per annum due 2021 (Series
002 Notes) under its S$2 billion
multicurrency MTN Programme, and
the notes were assigned a “BBB+”
rating by Standard & Poor’s.
MARCH 2014
Starhill Global REIT changed its
financial year end from 31 December
to 30 June. Therefore, the current
financial year will be a 18-month
period from 1 January 2014 to
30 June 2015.
Holon L in Tokyo, Japan was divested
on 19 March 2014 for JPY1,026 million,
at a 6.0% premium to its most recent
valuation.
APRIL 2014
Starhill Gallery held its annual
Fashion Week 2014, a preview
of Spring/Summer collections
by international designers.
MAY 2014
Lot 10 was the official venue for
the Nike Women Run Free Rooftop
Celebration 2014.
JUNE 2014
Soccer legend Michael Owen made
a guest appearance on 28 June 2014
as part of Wisma Atria’s GOAL!
All The Way campaign.
At Starhill Gallery, Dior re-opened after
renovations and doubled its store size
to approximately 6,200 sq ft.
Entered into an agreement with
the same bank to extend the
maturity date of its existing secured
A$63 million term loan by two
years to June 2019.
AUGUST 2014
Secured a 6.12% rental uplift for
David Jones’ lease review with effect
from 1 August 2014.
Ben’s Cookies, a chain of cookie
shops from the UK, established its
first Singapore store at Wisma Atria.
SEPTEMBER 2014
Early refinanced its existing
RM330 million Senior MTN ahead
of maturity in June 2015, funded
largely by the proceeds from a new
issue of five-year secured fixed rate
notes at a coupon of 4.48% per
annum due to mature in September
2019. The new notes were assigned
a “AAA” rating by RAM Rating
Services Berhad.
A new pedestrian bridge from
Bukit Bintang monorail station was
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STARHILL
GLOBAL
REIT
Annual
Report
FY 2014/15
