Frasers Property Ltd. · SGX:TQ5
Frasers Property — Allco Commercial REIT — Merger or Acquisition (October 2007)
13 slides from Frasers Property's merger presentation, Oct 5, 2007
Slide 1: Acquisition of KeyPoint, Singapore for S$370.0 million
Acquisition of KeyPoint, Singapore for S$370.0 million 5 October 2007 partnership / determination / ingenuity Allco Commercial REIT
Slide 2: Contents
Contents Summary of the acquisition Overview of KeyPoint, Singapore Strategy for the property Benefits of the acquisition Tenant Profile Lease Expiry Profile Portfolio overview Allco Commercial REIT 5 October 2007 2
Slide 3: Summary of the acquisition
Summary of the acquisition Investment grade quality, integrated commercial asset located in the CBD fringe Sale and purchase agreement signed on 5 October 2007 for the purchase of KeyPoint, Singapore Acquisition negotiated off-market with the Vendor Completion of the acquisition of the property is e
Slide 4: Overview of KeyPoint, Singapore
Overview of KeyPoint, Singapore KeyPoint is an integrated 25-storey commercial development located at the junction of Beach Road and Jalan Sultan, Singapore. The property comprises a three-storey podium and a 22-storey office tower. KeyPoint also has a four-storey car park block containing 227 car b
Slide 5: Strategy for the property
Strategy for the property Tactical acquisition to take advantage of the continued shortage of office space and expected continued growth of the Singapore economy The opportunity Non-CBD and decentralised office sub-markets are benefiting from supply and pricing constraints within the Singapore CBD O
Slide 6: Benefits of the acquisition
Benefits of the acquisition Continued acquisition growth in line with Allco REIT’s investment strategy Yield accretive acquisition (assumed initial net property income yield of 4.65%1 for the first 12 months, approx. cost of debt 3.6%) KeyPoint Immediate contribution of enhanced income to Unitholder
Slide 7: Tenant Profile
Tenant Profile Top 5 office tenants contribute 16.8% of total gross income Top 5 Office Tenants by NLA Office Tenant Profile by Industry Trading and % of Lease Others, 37.5% Major Tenants total NLA Expiry Owner Occupied / M eeting Ro o ms, Corporate Travel Services 4.8% Dec 2008 1.0% P ro fessio nal
Slide 8: Tenant Profile
Tenant Profile Top 5 Retail Tenants by NLA % of Major Tenants total NLA Lease Expiry Mong Hing Teochew Restaurant 1.6% May 2009 Wilsin Office Furniture 1.1% Jun 2008 Yakiniku Daidomon 0.7% Apr 2008 Southern Pottery 0.7% May 2008 POSB 0.6% May 2010 Allco Commercial REIT 5 October 2007 8
Slide 9: Lease Expiry Profile
Lease Expiry Profile Opportunity to capitalise on the robust Singapore office market Breakdown of Lease Expiry Profile (Office vs Retail) 50.4% 30.2% Office Lease Expiries Retail Lease Expiries 5.5% 3.7% 1.1% 2.7% 1.7% 0.6% 2007 2008 2009 2010 54.1% of office leases due to expire before 2009, revert
Slide 10: Portfolio overview
Portfolio overview Pan-Asian portfolio – increased presence in Asia IPO Portfolio1 Portfolio post-Acquisition2 Total: S$683.8 million Total: S$1,829.0 million Breakdown of Asset Value by country Breakdown of Asset Value by country Japan, 13.1% Australia, Australia, 43.0% 32.8% Singapore, 57.0% Singa
Slide 11: Portfolio overview
Portfolio overview Enlarged asset base and investment diversification IPO Portfolio1 Portfolio post-Acquisition2 Total: S$683.8 million Total: S$1,829.0 million Breakdown by Asset Value Breakdown by Asset Value Cosmo Plaza Galleria (Osaka), Centrelink (Osaka), 4.6% 4.8% AWPF, 8.7% (Canberra), 7.7% E
Slide 12: Contact Details
Contact Details Contacts SINGAPORE OFFICE Allco (Singapore) Limited Level 16 Nicholas McGrath 55 Market Street Chief Executive Officer and Managing Director SINGAPORE 048941 +65 6305 7807 Phone: +65 6438 1191 nicholas.mcgrath@allco.com.sg Fax: +65 6438 1161 Evan Gallagher HONG KONG OFFICE Director,
Slide 13: Disclaimer
Disclaimer This document may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representati
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