Starhill Global REIT - Annual Report 2014/15 - page 44-45

Singapore Properties
Ngee Ann City Property
Ngee Ann
City Property,
Singapore.
Located on the prime stretch
of the bustling Orchard Road,
Ngee Ann City is easily accessible
to locals and tourists alike. It
enjoys connectivity to Orchard
MRT station through the
underground pedestrian linkway
to Wisma Atria and other parts
of Orchard Road through the
underpasses. With its depth and
diversity of retail offerings, Ngee
Ann City remains the mall of
choice on Orchard Road.
The Ngee Ann City Property
consists of four strata lots
representing 27.23% of the total
share value of strata lots in Ngee
Ann City. These lots include retail
and office spaces which feature
major brands such as Chanel, Louis
Vuitton, Piaget and Roger Vivier.
As at 30 June 2015, Ngee Ann
City Property (Retail) was 100.0%
occupied and Ngee Ann City
Property (Office) was 100.0%
occupied.
DISTINCTIVE LANDMARK
PROPERTY
The distinctive architecture of
Ngee Ann City makes it one of
the most prominent landmarks
along Orchard Road. Ngee Ann
City comprises a podium with five
levels and two basement levels
of retail space, and three levels of
car park space. Its twin towers
host 18 levels of office space
each. Besides attracting the
affluent, young and families, the
outstanding retailers and dining
places draw tourists and business
travellers from many nearby hotels.
STRONG AND STABLE
POSITIONING
Ngee Ann City is popular amongst
retailers and shoppers. Affluent
shoppers are attracted to the
mall’s stable of luxury retailers
such as Berluti, Loewe and Goyard;
4
Strata lots
representing
27.23% of the
total share value
in Ngee Ann City
NGEE
ANN CITY
391/391B Orchard Road,
Singapore 238874
Retail
255,021
Office
139,165
Total
394,186
NLA (SQ FT)
52
NUMBER
OF TENANTS
(including one
master tenant)
as at 30 Jun 2015
RETAIL & OFFICE MIX
by gross revenue (FY 2014/15)
S$
640.0m
PURCHASE
PRICE
S$
1,084.0m
MARKET
VALUATION
(as at 30 Jun 2015)
Retail
75.9%
Office
24.1%
1
Toshin
86.1%
2 Beauty & Wellness
10.1%
3 Services
2.7%
4 General Trade
1.1%
RETAIL TRADE MIX
by gross rental contribution
(for Jun 2015)
4 3
2
1
Ngee Ann City is popular with local shoppers and tourists – with luxury
brands, high-street favourites and diverse dining options.
TENURE
69
YEARS
Leasehold Estate
(expiring on
31 Mar 2072)
43
42
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