CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — CapitaMall Trust — Merger or Acquisition (July 2005)
11 slides from CapitaLand Integrated Commercial Trust's merger presentation, Jul 22, 2005
Slide 1: Proposed Acquisition of Jurong Entertainment Centre (JEC)
PROPOSED ACQUISITION OF JURONG ENTERTAINMENT CENTRE (JEC) 22 July 2005
Slide 2: Introduction
Introduction ¾ CMT has entered into a sale and purchase agreement with Shaw Jurong Development Pte Ltd to acquire Jurong Entertainment Centre (JEC) for S$68.0 million (S$618 psf) ¾ Entry property yield is 5.2% ¾ Shaw Theatres Pte Ltd, which currently operates a Cineplex with six halls at the centre,
Slide 3: Investment Objective
Investment Objective 9 JEC provides yield accretive returns to CMT – CMT’s current implied property yield is approximately 4.0%, based on CMT’s closing unit price of S$2.51 as at 21 July 2005 9 Redevelopment opportunities exist with current low plot ratio of 1.84 9 JEC is “under-managed” with low av
Slide 4: Property Details
Property Details Tenure 99 years wef 1 March 1991 Site Area 92,072 sf GFA- Permissible 169,640 sf NLA 110,128 sf Efficiency 64.9% Plot Ratio 1.84 Car Park Lots 221 Occupancy (retail) 100% Average Rental (psf pm) S$4.62 Anchor Tenants Shaw Cinemas, Fuji Ice Palace, K-Box, McDonalds, KFC, Morris Allen
Slide 5: Location
| Location ~ JURONG “TAKE PANDAN RESERVOIR © i FI Penjuru ©2005 Virtual Map Flyover
Slide 6: Development Guide Plan
Development Guide Plan JEC 1.84 6
Slide 7: JEC Competitive Strengths
JEC Competitive Strengths • Next to Jurong East MRT Station and bus interchange 9 Strategic location • In the heart of Jurong East Town Centre, a major regional centre under the Singapore concept plan • Established residential areas such as Jurong East and Bukit Batok precincts 9 Large trade area •
Slide 8: Potential for Enhancement
Potential for Enhancement 9 Reconfigure retail units to improve marketability & rental potential 9 Improve existing tenancy mix 9 Create new retail units and kiosks at common areas 9 Convert ancillary areas into productive retail space Opportunities for growth Gross Revenue through optimising the us
Slide 9: Conclusion
Conclusion ¾ Target completion by October 2005 ¾ Transaction will be financed through additional borrowings 9
Slide 10: Thank You
Cap/taMall P Trust Thank You
Slide 11: Contact Information
Contact Information CapitaMall Trust Management Limited 39 Robinson Road, #18-01 Robinson Point Singapore 068911 Tel: (65)-6536 1188 Fax: (65)-6536 3884 http://www.capitamall.com 11