19 / 152
TRUST
STRUCTURE
STARHILL
GLOBAL
REIT
UNITHOLDERS
DISTRIBUTIONS
OWNERSHIP
OF ASSETS
NET PROPERTY
INCOME
MANAGEMENT
SERVICES
TRUSTEE
FEES
NET PROPERTY
INCOME
HOLD UNITS
MANAGEMENT
FEES
OWNERSHIP
OF ASSETS
ACTS ON
BEHALF OF
UNITHOLDERS
TRUSTEE
REITMANAGER
SUBSIDIARIES
or SPVS
(3)
THE
PROPERTIES
(2)
PROPERTY
MANAGER
(1)
PROPERTY
MANAGEMENT
SERVICES
PROPERTY
MANAGEMENT
FEES
Notes:
(1)
The Property Manager manages the Singapore
Properties, namely Wisma Atria Property and Ngee
Ann City Property. The overseas properties are
mainly managed by external property managers.
(2)
The Singapore Properties are held by Starhill Global
REIT. The overseas properties are held through its
subsidiaries or special purpose vehicles (SPVs).
(3)
The net income from overseas properties are
largely repatriated to Starhill Global REIT via a
combination of trust distributions, dividends, interest,
as well as repayment of shareholders’ loans and/or
redemption of redeemable preference shares.
OVERVIEW
17