Circular to Unitholders - Suntec REIT

Income
Diversification
6The Acquisition will improve Suntec
REIT’s income diversification and
reduce the reliance of its income
stream on any single property. The
Manager expects that the contribution
to Suntec REIT’s Net Property Income
by Suntec City Mall and Suntec City
Office Towers within Suntec REIT’s
property portfolio for the forecast
year ending 30 September 2008 will
decrease from approximately 87.4%,
prior to Completion, to approximately
69.6%, due to the enlargement of
Suntec REIT’s property portfolio
resulting from the Acquisition.
Pre-Acquisition (By NPI)
CHIJMES
4.5%
Park Mall
8.1%
Suntec City
87.4%
FY2008 1 NPI: S$155.3m
Post-Acquisition (By NPI)
CHIJMES
ORQ 3.6%
20.3%
Park Mall
6.5%
Suntec City
69.6%
FY2008 2 NPI: S$194.9m
1 Net Property Income forecast year ending 30 September 2008
2 Includes dividend income, interest income and rental income support
net of all taxes
Improved Quality and
Diversity of Tenant Base
7The Acquisition is expected to further enhance the tenancy
profile of Suntec REIT’s office tenant base with the addition
of major anchor office tenants such as as ABN AMRO Asia
Pacific Pte Ltd, Barclays PLC, Credit Suisse (Singapore)
Limited, Deutsche Bank Aktiengesellschaft, Ernst & Young
Services Pte Ltd, and other major financial institutions.
Rare Opportunity to
Own an Iconic Building
8One Raffles Quay is a landmark building
designed by the internationally renowned
architectural firm Kohn Pedersen Fox Associates
of New York. This is a rare opportunity for
Suntec REIT to partner with reputable property
companies Hongkong Land and K-REIT Asia, to
own a prestigious iconic prime grade ‘A’ office
development with long term growth potential.
33.3% 1 33.3%
33.3% 2
ORQPL
1 To be held through 100% owned subsidiary Comina Investment Limited
2 As per K-REIT Asia’s announcement dated 30 July 2007
Enlarged Portfolio The table below sets out selected information about the Enlarged Portfolio.
Existing Properties ORQ Interest Enlarged Portfolio
Net Lettable Area (sq ft)
Number of tenants
Parking Lots
Valuation (S$ million)
Committed Occupancy (%)
2,420,543
619
3,516 2
3,871
98.5
445,192 1
31
713
941.5 1, 3
100.0
2,865,735
650
4,229
4,812.5
98.7
Forecast Year (financial year ending 30 September 2008) (S$ million)
Net Property Income 4
155.3
39.6
194.9
1 Reflects one-third interest in One Raffles Quay.
2 This figure includes 3,073 parking lots at Suntec City Mall and Suntec City Office Towers, which are owned by MCST. The purchase price, valuation
and income statistics do not relate in any manner to these parking lots
3 This takes into account the Deed of Income Support where Vendor has undertaken to pay to the Trustee in quarterly instalments over 54 months,
an aggregate amount of S$103.48 million (inclusive of GST)
4 Includes dividend income, interest income and rental income support net of all taxes