Capitaland Ascendas Reit · SGX:A17U
Capitaland Ascendas Reit — Ascendas Real Estate Investment Trust — Shareholder Meeting (June 2016)
13 slides from Capitaland Ascendas Reit's shareholder meeting presentation, Jun 28, 2016
Slide 1: Extraordinary General Meeting
DBS Asia Hub 2 2-34 Aylesbury Drive ONE@Changi City Extraordinary General Meeting 28 June 2016 A-REIT is managed A-REIT by Ascendas is managed Funds by Ascendas Management Funds (S) Ltd, Management (S)aLtd, member of Ascendas-Singbridge a member Group Group of Ascendas-Singbridge
Slide 2: Agenda
Agenda Australia holding structure Summary of approval sought Rationale and benefits Principal terms of the New Agreements A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Slide 3: Australia Holding Structure
Australia Holding Structure The following diagram depicts an abridged version of A-REIT’s holding structure for its 27 Australian properties (the “Australian Properties”): Ascendas Real Estate Investment Trust Manager of Ascendas Funds A-REIT Management (S) Ltd (the Singapore (“A-REIT”) “Manager”) A
Slide 4: Agenda
Agenda Australia holding structure Summary of approval sought Rationale and benefits Principal terms of the New Agreements A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Slide 5: Summary of Approval Sought
Summary of Approval Sought To seek the approval from Unitholders by way of an Ordinary Resolution in respect of the proposed entry into the New Strategic Management Agreement and New Master Asset Management Agreement 5 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Sing
Slide 6: Agenda
Agenda Australia holding structure Summary of approval sought Rationale and benefits Principal terms of the New Agreements A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Slide 7: Rationale and Benefits
Rationale and Benefits Arrangement is similar to the structure adopted by the Manager for the management of A-REIT’s properties in Singapore and China. Ensure that there will be active engagement with tenants by the Manager (through AFMA) to facilitate their growth and expansion needs to maximis
Slide 8: Rationale and Benefits
Rationale and Benefits Good Corporate Governance • Unitholders’ approval is required for transactions entered into with the same interested person during the same financial year that is equal to or exceeds 5.0% of A-REIT’s latest audited net tangible assets (“NTA”). • Estimated transaction value o
Slide 9: Agenda
Agenda Australia holding structure Summary of approval sought Rationale and benefits Principal terms of the New Agreements A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Slide 10: Principal Terms: New Strategic Management Agreement
Principal Terms of the New Agreements The New Strategic Management Agreement Term • 17 November 2016 to 30 September 2022 Scope of • providing strategic management in relation to the Australian Strategic Properties Management • supervising and providing instructions to the third-party licensed Servi
Slide 11: Principal Terms: New Master Asset Management Agreement
Principal Terms of the New Agreements The New Master Asset Management Agreement Term • 17 November 2016 to 30 September 2022 Scope of • AFMA shall perform the asset management services, including to Asset retain the services of one or more licensed real estate agents Management • To administer such
Slide 12: Total Fees payable to AFMA under the New Agreements
Principal Terms of the New Agreements Total Fees payable to AFMA under the New Agreements Total Fees AFMA is effectively entitled to an aggregate fees of payable to = not more than 1.0% p.a. of the Adjusted Gross Revenue under the New Agreements, after taking into consideration the AFMA Licensed Rea
Slide 13: The End - Important Notice
The End Important Notice This presentation has been prepared by Ascendas Funds Management (S) Limited as Manager for Ascendas Real Estate Investment Trust. The details in this presentation provide general information only. It is not intended as investment or financial advice and must not be relied u
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