20
0
5 20
0
6
2
00
7
2
0
0
8 2
0
0
9
2
0
10
2
0
1
1
201
3
2
0
12
2
0
14/15
IPO closed with a huge
subscription of 35 times.
Prime REIT was listed on
SGX-ST on 20 September
Food Republic, the first
modern food court with a
70s theme décor, officially
opened on Level 4 of the
Wisma Atria Property
Prime REIT was renamed
as Macquarie MEAG
Prime REIT (MMP REIT)
MMP REIT was assigned a
first time corporate family
rating of “Baa1” with a
stable outlook by Moody’s
Acquired seven properties
in Tokyo (Japan portfolio)
for JPY14.4 billion
Acquired a 100% stake
in Renhe Spring Zongbei
Property in Chengdu,
China for RMB350 million
Cotton On opened its first
Asia store at Wisma Atria
1-for-1 underwritten
renounceable rights
issue started trading
in August, was
1.3 times subscribed,
and expanded SGREIT’s
unit base to about
1.9 billion units, raising
approximately
S$337.3 million in
gross proceeds
PROPERTIES
Singapore
2
ASSET VALUE
S$
1,327
m
DPU
(20 Sep – 31 Dec) exceeding
IPO forecast by 12.1%
1.58
¢*
DPU
(including one-time
DPU payout of 0.19 cents
due to receipt of
accumulated rental arrears
from Toshin master lease
(net of expenses) in 1Q 2013)
5.00
¢
PROPERTIES
Singapore
2
ASSET VALUE
S$
1,498
m
DPU
2.90
¢**
PROPERTIES
Singapore
Chengdu, China
Tokyo, Japan
10
ASSET VALUE
S$
2,209
m
DPU
3.10
¢**
PROPERTIES
Singapore
Chengdu, China
Tokyo, Japan
10
ASSET VALUE
S$
1,982
m
DPU
3.80
¢**
PROPERTIES
Singapore
Chengdu, China
Tokyo, Japan
10
ASSET VALUE
S$
2,103
m
3.58
¢**
DPU
Established S$2 billion
multicurrency Medium
Term Note (MTN)
Programme and
was assigned “Baa2”
by Moody’s
Moody’s assigns
corporate family and
unsecured ratings of
“Baa2” and “Baa3”
respectively with
a stable outlook,
following the strategic
review of MMP REIT
YTL Group announces its
acquisition of 26%
of MMP REIT and 50%
of the holding company
of the Manager from
Macquarie Group
MMP REIT is renamed
Starhill Global REIT
(SGREIT) and Tan Sri
Dato’ (Dr) Francis Yeoh
is appointed Executive
Chairman of the Manager
Level 5 of Ngee Ann City
was branded as “The Fifth
- A Level Above Shopping”
A 19.75% rent increase
was secured for Toshin
master lease at Ngee Ann
City Property for a period
of three years
13
PROPERTIES
Singapore
Kuala Lumpur, Malaysia
Perth, Australia
Chengdu, China
Tokyo, Japan
ASSET VALUE
S$
2,654
m
3.90
¢
DPU
Acquired David Jones
Building in Perth, Australia
for A$114.5 million
YTL Group increased its
indirect interest in the
Manager and the Property
Manager from 50% to 75%
Acquired Starhill Gallery
and Lot 10 in Kuala
Lumpur, Malaysia for
RM1,030 million, partially
funded by the issue of
173.1 million convertible
preferred units (CPU)
to YTL Group
Standard & Poor’s assigns
“BBB” and “BBB-”
to SGREIT’s corporate
family rating and the
S$2 billion MTN
programme respectively,
with a stable outlook
13
PROPERTIES
Singapore
Kuala Lumpur, Malaysia
Perth, Australia
Chengdu, China
Tokyo, Japan
ASSET VALUE
S$
2,710
m
4.12
¢
DPU
13
PROPERTIES
Singapore
Kuala Lumpur, Malaysia
Perth, Australia
Chengdu, China
Tokyo, Japan
ASSET VALUE
S$
2,713
m
4.39
¢
DPU
YTL Group increased its
indirect interest in the
Manager and the Property
Manager from 75% to 100%
Completed asset
redevelopment works at
Wisma Atria Property,
achieving an ROI of 12.8%.
Wisma Atria houses
the Singapore flagship
stores of Coach and
Tory Burch and the
world’s largest
TAG Heuer boutique
At Lot 10 Property,
H&M opened its first
flagship store of
about 36,000 sq ft
in Kuala Lumpur
13
PROPERTIES
Singapore
Kuala Lumpur, Malaysia
Perth, Australia
Chengdu, China
Tokyo, Japan
ASSET VALUE
S$
2,854
m
13
PROPERTIES
Singapore
Kuala Lumpur, Malaysia
Adelaide, Australia
Perth, Australia
Chengdu, China
Tokyo, Japan
ASSET VALUE
S$
3,116
m
7.60
¢***
DPU
Completed RM25 million
redevelopment work
at Starhill Gallery
with an additional
8,100 sq ft of NLA
Commenced
S$31 million asset
redevelopment works at
Wisma Atria Property
Completed facelift at
Renhe Spring Zongbei
Property in Chengdu,
China. Ermenegildo Zegna
expanded its floor space in
the property, creating its
flagship store for Chengdu
Celebrating
10 Years
of Brilliance
Our 10-Year
Milestone
* pre-rights issue
** DPU from FY 2006 to
FY 2009 have been
restated to include the
963,724,106 rights units
issued in August 2009
*** Included two additional
quarters of DPU for
period from January
2015 to June 2015
SGREIT changed its
financial year end from
31 December to 30 June
Holon L in Tokyo,
Japan was divested for
JPY1,026 million,
6% above valuation
At Starhill Gallery,
key luxury tenants
Louis Vuitton and Dior
tripled and doubled their
store sizes respectively
Secured a 6.12% rental
uplift for David Jones’
lease review with effect
from 1 August 2014
Level 3 of Lot 10 Property
was repositioned into a
Sports Hub showcasing
a variety of popular
sportswear and
equipment brands
A new pedestrian bridge
connecting Bukit Bintang
Monorail station to
Lot 10 was completed,
providing shoppers greater
connectivity
Level 3 of Ngee Ann City
Property was repositioned
to house fashion and
lifestyle retailers following
the relocation of Books
Kinokuniya to Level 4
Acquired Myer Centre
Adelaide, South Australia
for A$288 million
YTL Group converted
the remaining
20.3 million CPU into
28.0 million Units, raising
its stake in SGREIT to
37.09%. Following this
conversion, there are
no more CPU
The appointment of
YTL Starhill Global
Property Management Pte.
Ltd. as property manager
for SGREIT’s Singapore
assets, was extended for a
further term of five years
from 20 September 2015
SGREIT’s property
portfolio was valued
at approximately
S$3.1 billion as
at 30 June 2015
Roppongi Primo in Tokyo,
Japan was divested for
JPY700 million at valuation
Acquired Plaza Arcade
in Perth, Australia for
A$48 million
YTL Group converted
152.7 million CPU into
210.2 million Units,
raising its stake in
SGREIT to 36.27%
Standard & Poor’s
upgraded SGREIT’s
corporate rating to “BBB+”
from “BBB”, with a stable
outlook. Correspondingly,
the S$2 billion MTN
programme rating
and notes were
upgraded to “BBB+”
Secured 10% rent increase
for Toshin master lease at
Ngee Ann City Property
from June 2011
Secured 6.7% rent
increase for Toshin master
lease at Ngee Ann City
Property upon renewal
of its master lease for
12 years from June 2013
Secured a 7.2%
rental reversion effective
28 June 2013 for its
master leases of the
Malaysia Properties
15
14
