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SABANA SHARI’AH COMPLIANT REIT
28
Property Portfolio
33 & 35 Penjuru Lane
18 Gul Drive
1 Tuas Avenue 4
Location
33 & 35 Penjuru Lane, Freight Links
Express Logisticpark
Singapore 609200/609202
Location
18 Gul Drive
Singapore 629468
Location
1 Tuas Avenue 4
Singapore 639382
Description
Comprising three buildings, including a
single storey warehouse with mezzanine
foor, a 4-storey warehouse and a part
single-storey/part 3-storey warehouse
with a basement
Description
A part 2/part 4-storey single-user
warehouse
Description
A 3-storey part automated/part general
industrial chemical warehouse building
with a surface carpark
Purchase consideration (S$ million)
78.9
Purchase consideration (S$ million)
34.1
Purchase consideration (S$ million)
28.0
Latest valuation (S$ million)
(as of 30 September 2011)
82.6
Latest valuation (S$ million)
(as of 30 September 2011)
35.3
Latest valuation (S$ million)
(as of 30 September 2011)
28.6
Gross rental income for period ended
31 December 2011 (S$ million)
6.9
Gross rental income for period ended
31 December 2011 (S$ million)
3.1
Gross rental income for period ended
31 December 2011 (S$ million)
2.0
Occupancy rate (%)
100.0
Occupancy rate (%)
100.0
Occupancy rate (%)
-
(1)
Land lease expiry
2049
30 + 31 yrs wef 16 Feb 1988
Land lease expiry
2038
13 yrs 10 mths + 12 days + 20 yrs
wef 1 Nov 2004
Land lease expiry
2047
30 + 21 yrs 4 mths wef 1 Jan 1996
Seller
Freight Links Express Logisticpark
Pte Ltd
Seller
LTH Logistics (Singapore) Pte Ltd
Seller
Premier G & U Districenters Pte. Ltd.
(1)
GFA (sq ft)
286,192
GFA (sq ft)
132,878
GFA (sq ft)
160,361
(1) 1 Tuas Avenue 4 – No rentals were collected for November 2011 and December 2011. The Manager is in advanced stage of negotiation with a party for a 10-year lease
for the whole building. The existing Master Lease to expire in approximately 23 months. The Property constitutes approximately 2.7% of total portfolio value.