Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
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Singapore Land Limited - <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong><br />
23<br />
SGX CENTRE<br />
SGX Centre managed to maintain an average occupancy<br />
of 98% during the year under review. However, rental<br />
revenue declined slightly by 3% compared to preceding<br />
year due to market rents being lower than expiry rents.<br />
SGX Centre<br />
The contract to serve as the managing agent for SGX<br />
Centre was renewed for another 2 years.<br />
THE GATEWAY<br />
Despite 226,000 square feet of leases expiring during the<br />
year, The Gateway performed well and improve its average<br />
occupancy by 3 percentage points to 96%. Rental revenue<br />
also improved compared to 2011.<br />
The upgrading of the 32 lifts at The Gateway was<br />
completed during the year, providing smoother and faster<br />
rides for tenants. As part of the building’s ongoing energy<br />
conservation programme, light fi ttings in staircases were<br />
replaced with higher energy effi cient ones.<br />
ABACUS PLAZA AND TAMPINES PLAZA<br />
In the year under review, both Abacus Plaza and Tampines<br />
Plaza achieved full occupancy. Rental revenue also<br />
improved by 13% and 4% respectively compared to the<br />
preceding year.<br />
Abacus Plaza and Tampines Plaza<br />
The Closed Circuit Television system was upgraded to<br />
enhance the security of the twin buildings.
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