Circular to Unitholders - Suntec REIT
Circular to Unitholders - Suntec REIT
Circular to Unitholders - Suntec REIT
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2. EXISTING PROPERTIES<br />
The table below sets out selected information about the Existing Properties as at 30 June 2007.<br />
<strong>Suntec</strong> City Mall<br />
and <strong>Suntec</strong> City<br />
Office Towers Park Mall Chijmes<br />
Land Area (sq ft) 1,258,586 83,099 154,063<br />
Net Lettable Area (sq ft) 2,070,375 270,191 79,977<br />
Number of Tenants 470 120 29<br />
Parking Lots 3,073 (1) 346 97<br />
Title<br />
Purchase Price<br />
(S$ million)<br />
Valuation (S$ million)<br />
(as at 31 March 2007)<br />
Net Property Income<br />
(S$ million)<br />
Leasehold tenure<br />
of 99 years<br />
commencing from<br />
1 March 1989<br />
Leasehold tenure<br />
of 99 years<br />
commencing from<br />
2 June 1969<br />
Leasehold tenure<br />
of 99 years<br />
commencing from<br />
13 May 1991<br />
2,107 230 128<br />
3,470 266 135<br />
Forecast Year 135.7 12.6 7.0<br />
Committed Occupancy (%) 98.5 99.3 96.7<br />
Note:<br />
(1) All of the parking lots at <strong>Suntec</strong> City Mall and <strong>Suntec</strong> City Office Towers are owned by Management Corporation<br />
Strata Title Plan No. 2197, the management corporation of <strong>Suntec</strong> City established under Part IV of the Land Titles<br />
(Strata) Act (the “MCST”). The purchase price, valuation and income statistics do not relate in any manner <strong>to</strong> these<br />
parking lots.<br />
2.1 Lease Expiry Profile for the Existing Properties as at 30 June 2007<br />
The table below illustrates the lease expiry profile of the Existing Properties by Net Lettable Area.<br />
Year<br />
Expiry (as % of Total Net Lettable Area)<br />
2007 4.7%<br />
2008 29.8%<br />
2009 33.8%<br />
2010 26.0%<br />
2011 & Beyond 5.7%<br />
A-3
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