[email protected], SINGAPORE
NO. OF BUILDINGS 1
TYPE Prime Retail
TITLE 99-year Leasehold2
OWNERSHIP 100%
NLA (SQ FT) 288,277
APPRAISED VALUE S$1,005 million1
% OF IPO PORTFOLIO
71.5%
Sky Complex, Milan
NO. OF BUILDINGS 3
TYPE Grade A Office4
TITLE Freehold
OWNERSHIP 100%
NLA (SQ FT) 999,116
APPRAISED VALUE S$396 million5
% OF IPO PORTFOLIO
28.5%
- Long WALE of 10.1 Years by NLA and 4.9 Years by Gross Rental Income
1 As at 31 July 2019 based on the aggregate of the higher of the two independent valuations for each Property conducted by the Independent Valuers in respect of each Property (“Appraised Value”) and taking into account the effects of the Singapore Property Tenant Incentive Reimbursement.
2 Comprises offices and television studios.
3 From 21 November 2006 until 20 November 2105.
4 Based on the €:S$ exchange rate of €1:S$1.5085 as at 31 December 2019.
5Assuming that Sky Italia does not exercise its break option in 2026
Information as at 31 December 2019
- 150 tenants across 14 trade sectors
1 As at 31 July 2019 based on the aggregate of the higher of the two independent valuations for each Property conducted by the Independent Valuers in respect of each Property (“Appraised Value”) and taking into account the effects of the Singapore Property Tenant Incentive Reimbursement.
2 Comprises offices and television studios.
3 From 21 November 2006 until 20 November 2105.
4 Based on the €:S$ exchange rate of €1:S$1.5085 as at 31 December 2019.
5 Assuming that Sky Italia does not exercise its break option in 2026
Information as at 31 December 2019