CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — CapitaMall Trust — Corporate Update (2004)
29 slides from CapitaLand Integrated Commercial Trust's corporate update, 2004
Slide 1: Asset Enhancement - Update
Cap/taMall Asset Enhancement - Update
Slide 2: Asset enhancement
Asset enhancement • Value creation ! Introduce additional lettable area ! Enhance rental potential ! Strengthen capital values • Improved shopping experience ! Refine tenancy mix in line with customers’ needs ! Better retail planning ! New shop fronts
Slide 3: Tampines Mall
Cap/taMall Tampines Mall
Slide 4: TM – Before
TM – Before Walkway Front View
Slide 5: TM – After completion of phase 1 enhancement
TM – After completion of phase 1 enhancement Covered Walkway New units on L1 at former walkway Alfresco Dining At former walkway
Slide 6: Value creation
Value creation Summary of Tampines Mall asset enhancements Gross Floor Capital Start Date Completion Area (sf) Expenditure Date IPO 8,006 S$5.9m 2004 2005 Revised 8,202 S$5.9m1 Mar 2003 Nov 2003 100% commitment secured for all new units Average rent of $24.71psf/mth (5.6% above budget) Works complet
Slide 7: TM – Upcoming asset plans in 2004 (Phase 2)
TM – Upcoming asset plans in 2004 (Phase 2) Works have commenced and are targeted for completion end 2004 and include: ! Outdoor terrace on Level 4 with landscaped gardens and water features – To meet demand for promotional space – To provide an outdoor play area for kids ! Travelators from B3 to B1
Slide 8: TM – Level 4 asset plan (Phase 2)
TM – Level 4 asset plan (Phase 2)
Slide 9: Junction 8
Cap/taMall J unction 8
Slide 10: J8 – Basement 1
J8 – Basement 1 After Before Carpark Area converted to retail units Food Kiosks After After
Slide 11: Value creation
Value creation Summary of Junction 8 asset enhancements Gross Floor Capital Start Date Completion Area (sf) Expenditure Date IPO 51,652 S$21.5m 2003 2004 Revised 74,434 S$27.0m Phase 1 (B1 & L1) S$15.5m May 2003 Nov 2003 Phase 2 S$12.2m1 Jan 2004 Dec 2004 Phase 1 100% leased @ average rent of $22.50
Slide 12: J8 – L1 enhancement plan (Phase 2)
J8 – L 1 enhancement plan (Phase 2) Phase 2 Works Currently in progress. Approx 14,000 sqft of newly created space from decantation of office space Targeted for completion – End 2004 Phase 1 Works Completed All units have commenced operations
Slide 13: J8 – L2 enhancement plan (Phase 2)
J8 – L 2 enhancement plan (Phase 2) Phase 2 Works Currently in progress. Approx 35,000 sqft of newly created space from decantation of office space Targeted for completion – End 2004
Slide 14: J8 – Now
J8 – Now Level 1 Walkway Level 1 Walkway Front Entrance
Slide 15: J8 – L1 enhancement plan (Phase 2)
J8 – L1 enhancement plan (Phase 2) Targeted for completion – End 2004 Future – Artiste Impression Artist Impression of Walkway on Level 1 Artist Impression of Front Entrance
Slide 16: J8 – L1 enhancement plan (Phase 2)
J8 – L 1 enhancement plan (Phase 2) Before Future Artist Impression
Slide 17: Funan The IT Mall
Cap/taMall Funan The IT Mall
Slide 18: Funan - Repositioning
Funan - Repositioning Refining and strengthening of retail and tenancy mix in progress While maintaining mall’s IT focus, complementary uses and more F&B outlets have been introduced to enhance the retail offer More established tenants and brand-name retail stores/F&B outlets Tenants who have commen
Slide 19: Funan - Repositioning
Funan - Repositioning New lifestyle tenants complete the retail offer New tenant – Cold Storage New tenant – Food Junction New tenant – Ya Kun New tenant – Swensens
Slide 20: Funan – Enhancement plan
Funan – Enhancement plan Aim to bring in more tenants specializing in IT peripherals, electronics (including digital, photography and mobile equipment) a more comprehensive range of lifestyle tenants including sports and electronics Face lift for annex block includes: Glass façade with escalators to
Slide 21: Funan – Now
Funan – Now Front Facade Side Facade
Slide 22: Funan – Future enhancement plans
Funan – Future enhancement plans Artist Impression - Facade Artist Impression – Ground level entrance Artist Impression - New Retail Units Artist Impression - Escalators connecting ground level to upper levels
Slide 23: IMM Building
Cap/taMall IMM Building
Slide 24: IMM - Enhancement plan
IMM - Enhancement plan To optimize usage of retail space to increase property yield. By decanting units on levels 2 & 3 secondary corridors Converting ancillary areas on level 1 to retail use Create stronger circulation aisle, improved customer traffic linkages and direct access to carpark Outline P
Slide 25: IMM - Asset enhancement plan
IMM - Asset enhancement plan Decant level 5 Convert New retail space on warehouse space into retail space to warehouse level 1 & 2 other space space on levels 2 & 3 • Level 5 warehouse space to be • Transfer levels 2 & 3 secondary • Create new retail NLA on level 1 transferred to level 2 & 3 as reta
Slide 26: IMM – Value creation
IMM – Value creation Summary of IMM asset enhancements Net increase in Gross Rental : ($17.00 - $6.50) x 32,700sqft + ($14.00 - $6.30) x 21,000 = $0.5m per mth or S$6.0m pa Gross Floor Area Capital Expenditure Start Date Completion Date (sf) 53,700 S$45m1 2005 End 2005 Gross Revenue (net of rental l
Slide 27: IMM – L1 enhancement plan
IMM – L 1 enhancement plan Current ground level carpark Converted to new retail NLA on Level 1
Slide 28: IMM – L1 enhancement plan
IMM – L 1 enhancement plan New retail space on L1 New retail NLA of approx. 32,700sqft created on ground level carpark thru decantation of secondary retail space at Levels 2 & 3
Slide 29: IMM – L2 enhancement plan
IMM –L2 enhancement plan New retail space on L1 New retail NLA of approx. 21,000 sqft created on Level 2 thru decantation of secondary retail space at Levels 2 & 3