Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — AIMS AMP Capital Industrial REIT — Corporate Update (May 2014)
14 slides from Singapore Exchange's corporate update, May 22, 2014
Slide 1: AIMS AMP Capital Industrial REIT
AIMS AMP CAPITAL INDUSTRIAL REIT Proposed Asset Enhancement Initiative (AEI) of 26 Tuas Ave 7, Singapore 22 May 2014 AIMS AMP Capital Industrial REIT
Slide 2: Contents
CONTENTS The Property 3 Proposed AEI 6 Structure of the Transaction 8 Appendix A – About Aalst Chocolate 13 Pte Ltd 2
Slide 3: Property
>1 PROPERTY 3 AIMS AMP Capital Industrial REIT
Slide 4: The Property
The Property >1 Property Details Description 2 storey purpose-built factory with a mezzanine office level Land Area 62,682 sq ft Gross Floor Area 65,933 sq ft Tenure 30+30 years from 1 Jan 1994 Valuation (31/3/14) S$10.3 million Tenant Aalst Chocolate Pte Ltd Lease period 10 years till 18 April 2017
Slide 5: 26 Tuas Ave 7 – Location
26 Tuas Ave 7 – Location >1 26 Tuas Ave 7 is located Tuas within the Jurong Checkpoint Industrial Estate. Government has announced for a new port in Tuas to consolidate all existing container ports in Tanjong Pagar, Keppel, Artist’s Impression of Rail and Road Viaduct Integration Brani and Pasir Pan
Slide 6: Proposed AEI
>2 PROPOSED AEI 6 AIMS AMP Capital Industrial REIT
Slide 7: Proposed AEI
Proposed AEI >2 Conversion to new production line Additional warehouse space 7 AIMS AMP Capital Industrial REIT
Slide 8: Structure of the Transaction
STRUCTURE OF THE >3 TRANSACTION 8 AIMS AMP Capital Industrial REIT
Slide 9: Structure of the Transaction
Structure of the Transaction >3 Prior (FY2014) Post A&A works Property Two storey purpose-built factory with a Additional production line and additional mezzanine office level storage space. Valuation S$10.3 million1 Cost of AEI at S$1.19 million for further asset enhancement Lease Terms 10 years ti
Slide 10: Mitigation of Risks
Mitigation of Risks >3 • Fixed price AEI contract (Nil variations) Development risk • Transaction is fully back stopped by tenant • Fully leased to Master Tenant, Aalst Chocolate Pte Ltd Leasing risk • Extend Master lease for another 5 years till 2022 Financing risk • The Works are to be funded from
Slide 11: Benefits of the A&A works
Benefits of the A&A works >3 1 2 Support tenant’s Further growth strategies unlocking through further value within enhancement of the portfolio asset Risks substantially aa In line with 5 mitigated Trust’s 3 through the strategy of right structure tenant retention Attractive investments that will fu
Slide 12: Thank you
Thank you For enquiries, kindly contact: AIMS AMP Capital Industrial REIT Management Limited Koh Wee Lih Joanne Loh Chief Executive Officer Assistant Fund Manager Tel: + 65 6309 1050 Tel: + 65 6309 1057 Email: wlkoh@aimsampcapital.com Email: jloh@aimsampcapital.com AIMS AMP Capital Industrial REIT
Slide 13: Appendix A – About Aalst Chocolate Pte Ltd
APPENDIX A – ABOUT AALST >4 CHOCOLATE PTE LTD 13 AIMS AMP Capital Industrial REIT
Slide 14: Appendix A – About Aalst Chocolate Pte Ltd
Appendix A – About Aalst Chocolate Pte Ltd >4 Aalst Chocolate Pte Ltd. is the very first chocolate manufacturer to be fully owned and managed by Singaporeans. Aalst Chocolate operates a state-of-the-art manufacturing facility in Singapore that produces industrial chocolate products using the highest
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