LOOKING AHEAD
For FY 2015, we will focus on managing the lease expiries of the 11 master-tenanted properties. At the same
time, we will continue to look out for quality yield-accretive assets. We have also started to evaluate the
possibilities of acquisitions outside Singapore. However, we will adopt a cautious approach when evaluating
appropriate acquisition opportunities, always placing the highest priority on Unitholders’ interests.
In addition, we will also look into divesting assets that are underperforming or no longer fit into our long-term
strategies to recycle capital for yield-accretive acquisition or asset enhancement initiatives.
Sabana REIT’s properties are located near major transport routes or public transport networks (see page 38
for property locations). They sit on well-distributed long underlying land leases, with an average lease period
of 37.9 years weighted by GFA.
TENANT DIVERSIFICATION BY NLA (%) (AS AT 31 DECEMBER 2014)
7
Logistics
14.9
R&D
1.2
Info Technology
11.3
Storage
2.7
Telecommunication &
Data Warehousing
11.5
Fashion & Apparel
4.4
Engineering
4.8
Construction & Utilities
3.3
Chemical
7.1
F&B
2.7
General Manufacturing Industries
3.0
Electronics
18.8
Healthcare
2.5
Printing
1.9
Others
9.9
7
Refers to sub-tenants and direct tenants.
8
Weighted by GFA.
Percentage of unexpired land lease term by GFA (%) (As at 31 December 2014)
8
2032-2036 2037-2041 2042-2046 2047-2051 2052-2056 2057-2061
8.9
6.2
19.3
49.7
12.0
3.9
Beyond
2061
–
SABANA REIT
|
ANNUAL REPORT 2014
57
