Keppel REIT · SGX:K71U
Keppel REIT — Merger or Acquisition (October 2022)
14 slides from Keppel REIT's merger presentation, Oct 28, 2022
Slide 1: Acquisition of Ginza 2-Chome, Tokyo
Acquisition of Ginza 2-Chome, Tokyo 28 October 2022
Slide 2: Outline
Outline Constituent of: ▪ Transaction Overview 3 FTSE ST Large & FTSE4GOOD ▪ Investment Merits 6 Mid Cap Index Developed & FTSE4GOOD ASEAN 5 Index IMPORTANT NOTICE: This presentation shall be read in conjunction with the announcement of Keppel REIT titled “Acquisition of an Office Asset Located in T
Slide 3: Transaction Overview
Transaction Overview ✓ Ginza 2-chome, a freehold boutique office building located in Chuo ward, one of Tokyo’s core 3 wards ✓ Strategic entry into Japan, largest developed market in Asia with strong office fundamentals ✓ A quality addition that complements and enhances KREIT’s Pan- Asian portfolio a
Slide 4: Ginza 2-Chome, Tokyo
Ginza 2-Chome, Tokyo Address 2-15-2, Ginza, Chuo-ku, Tokyo Land Tenure Freehold Gross Floor Area (GFA) 1,542.3 tsubo / 5,098.6 sqm1 Net Lettable Area (NLA) 1,036.7 tsubo / 3,427.1 sqm No. of Floors 1 basement and 8 floors WALE (as at 28 October 2022) 3.4 years Completion Date August 2008 Effective I
Slide 5: Well-Located in Ginza, Chuo Ward, One of Tokyo's Core Wards
Well-Located in Ginza, Chuo Ward, One of Tokyo’s Core 3 Wards • Chuo Ward, where large corporates such as Bank of Japan and Tokyo Stock Exchange are located • Ginza, Tokyo’s famous upmarket commercial district, home to the Japanese wholesale businesses and 1. Chiyoda professional services supporting
Slide 6: Investment Merits
Investment Merits
Slide 7: Investment Merits
Investment Merits 1 Strategic Expansion into Japan 2 Enhances Geographical and Income Diversification 3 Well-located freehold Quality Freehold Assetasset that complements that Enjoys Keppel REIT’s portfolio Excellent Accessibility 4 DPU accretive Accretive upon whenfully Fullyleased Leased 5 Leverag
Slide 8: Strategic Expansion into Japan
1 Strategic Expansion into Japan CBD Office Market Size of Key Gateway Cities in Asia Pacific ▪ Japan – Asia’s Largest Developed Market as of 2Q 20224 8 ✓ 3rd largest economy in the world 6 Sqm (million) ✓ FY2022 GDP growth forecast of 2.0% per annum1 4 ✓ Low unemployment rate of 2.5%2 2 - ✓ Low int
Slide 9: Enhances Geographical and Income Diversification
2 Enhances Geographical and Income Diversification Building a resilient portfolio of quality assets to enhance income stability and create long-term Unitholder value Post Acquisition T Tower, Seoul Ginza 2-Chome, AUM: $9.0b1 99.4% Interest South Korea Japan Tokyo 3.2% 1.0% 98.5% Interest 8 Chifley S
Slide 10: Quality Freehold Asset that Enjoys Excellent Accessibility
3 Quality Freehold Asset that Enjoys Excellent Accessibility Excellent Accessibility, Within Walking Distance to 4 Metro Stations and 5 Metro Lines • Completed in Aug 2008, Ginza 2-Chome is built to high specifications and well-maintained 5 min walk to Ginza itchome • Efficient floor plate (436 sqm)
Slide 11: DPU Accretive when Fully Leased
4 DPU Accretive when Fully Leased • Anchored by Netyear Group Corporation1 (subsidiary of the NTT Data Corporation which is part of the NTT Group) • Netyear Group Corporation has been a tenant since 2014 and has recently renewed its lease • Opportunity to lease up remaining space2 • Keppel Capital J
Slide 12: Leveraging Keppel Capital's Extensive Experience and Presence in Japan
5 Leveraging Keppel Capital’s Extensive Experience and Presence in Japan • Operating in Japan since 2005, Keppel Capital Japan has 17 years of track record in investing and managing various assets worth >JPY180 billion since inception 17 • Keppel REIT will be able to leverage and benefit from the te
Slide 13: Recap: Investment Merits
Recap: Investment Merits 1 Strategic Expansion into Japan 2 Enhances Geographical and Income Diversification Quality Freehold Asset that Enjoys Excellent 3 Accessibility 4 DPU Accretive when Fully Leased Leveraging Keppel Capital’s Extensive Experience and 5 Presence in Japan 13
Slide 14: Thank You
Thank You For more information, please visit: www.keppelreit.com Connect with us on: 14