Singapore Portfolio (As at 31 December 2024)
| Ocean Financial Centre1 | Marina Bay Financial Centre1,8 | One Raffles Quay1 | Keppel Bay Tower1 |
|
| Location | 10 Collyer Quay, Singapore 049315 |
8, 8A, 10 and 12 Marina Boulevard, Singapore 018981-4 |
1 Raffles Quay, Singapore 048583 | 1 HarbourFront Avenue, Singapore 098632 |
| Title | Leasehold interest of 99 years expiring 13 December 2110 |
Leasehold estate of 99 years expiring 10 October 21049 Leasehold estate of 99 years expiring 7 March 210610 |
Leasehold estate of 99 years expiring 12 June 2100 |
Leasehold estate of 99 years expiring 30 September 2096 |
| Ownership Interest | 79.9% | 33.3% | 33.3% | 100% |
| Acquisition Date | 14 December 20116 25 June 20126 |
15 December 20109 16 December 201410 |
10 December 2007 | 18 May 2021 |
| Purchase Price | S$1,838.6 million7 | S$1,426.8 million9 S$1,248.0 million10 |
S$941.5 million | S$657.2 million |
| Valuation1,2 | S$2,168.5 million S$3,109 psf |
S$1,810.0 million9 S$1,388.0 million10 S$3,157 psf9 S$3,123 psf10 |
S$1,316.7 million S$2,976 psf |
S$740.0 million S$1,916 psf |
| Capitalisation Rate | 3.40% | 3.25%10,11 4.25%12 |
3.15% | 3.55% |
| Attributable NLA | 697,434 sf 64,793 sm |
1,017,696 sf 94,546 sm |
442,486 sf 41,108 sm |
386,224 sf 35,881 sm |
| Committed Occupancy | 98.4% | 98.8% | 98.7% | 99.3% |
| FY 2024 Attributable NPI | S$75.2 million | S$107.2 million | S$45.2 million | S$27.0 million |
| Number of Tenants3 | 79 | 214 | 60 | 34 |
| Principal Tenants4 | BNP Paribas, Drew & Napier, The Executive Centre |
DBS Bank, Standard Chartered Bank, HSBC | TikTok, Deutsche Bank, Ernst & Young | Keppel, Pacific Refreshments, Syngenta Asia Pacific |
| Number of Carpark Lots5 | 224 | 1,052 | 713 | 179 |
Australia Portfolio (As at 31 December 2024)
| 255 George Street1 | 8 Chifley Square1 | 2 Blue Street1 | Pinnacle Office Park1 | 8 Exhibition Street1,15 | Victoria Police Centre1 |
David Malcolm Justice Centre1 | |
| Location | 255 George Street, Sydney, New South Wales 2000, Australia |
8 Chifley Square, Sydney, New South Wales 2000, Australia | 2 Blue Street, North Sydney, New South Wales 2060, Australia |
6 Giffnock Avenue, Macquarie Park, New South Wales 2113, Australia | 8 Exhibition Street, Melbourne, Victoria 3000, Australia | 311 Spencer Street, Melbourne, Victoria 3000, Australia | 28 Barrack Street, Perth, Western Australia 6000, Australia |
| Title | Freehold | Leasehold estate of 99 years expiring 5 April 2105 | Freehold | Freehold | Freehold | Freehold | Leasehold estate of 99 years expiring 30 August 2114 |
| Ownership Interest | 50% | 50% | 100% | 100% | 50%14 | 50% | 50% |
| Acquisition Date | 9 May 2024 | 28 July 2011 | 14 December 2021 | 31 December 2020 | 1 August 201316 12 October 201517 |
31 July 2017 | 28 March 2013 |
| Purchase Price | S$321.0 million A$363.8 million |
S$197.8 million A$165.0 million |
S$316.2 million13 A$334.9 million13 |
S$289.9 million A$306.0 million |
S$192.4 million16 A$160.2 million16 S$8.9 million17 A$8.6 million17 |
S$350.1 million A$347.8 million |
S$208.1 million A$165.0 million |
| Valuation1,2 | S$323.4 million A$367.5 million A$18,894 psm |
S$185.2 million A$210.5 million A$21,707 psm |
S$223.5 million A$254.0 million A$17,908 psm |
S$198.0 million A$225.0 million A$6,508 psm |
S$245.2 million15 A$278.7 million A$12,152 psm16 |
S$356.4 million A$405.0 million A$11,971 psm |
S$209.4 million A$238.0 million A$15,269 psm |
| Capitalisation Rate | 6.50% | 5.88% | 6.13% | 7.25% | 5.88%16 5.88%17 |
5.13% | 6.00% |
| Attributable NLA | 209,761 sf 19,487 sm |
104,381 sf 9,697 sm |
152,132 sf 14,133 sm |
329,748 sf14 30,634 sm14 |
244,520 sf15 22,716 sm15 |
364,180 sf 33,833 sm |
167,784 sf 15,588 sm |
| Committed Occupancy | 91.4% | 100.0% | 92.1% | 94.3% | 95.3% | 100.0% | 100.0% |
| FY 2024 Attributable NPI | S$14.4 million | S$8.7 million | S$13.0 million | S$13.2 million | S$10.1 million | S$24.9 million | S$15.0 million |
| Number of Tenants3 | 19 | 9 | 6 | 22 | 28 | 1 | 3 |
| Principal Tenants4 | Australian Taxation Office, Bank of Queensland, Bupa HI |
The Reserve Bank of Australia, Eltav Investments, NSW Business Chamber |
Equifax, Pacific National, BBC Studios Australia |
Aristocrat Technologies, Konica Minolta, Douglas and Mann |
Ernst & Young, UBS AG, CBRE |
Minister for Finance – State of Victoria |
Minister for Works –Government of Western Australia |
| Number of Carpark Lots5 |
188 | 28 | 33 | 758 | - | 600 | 195 |
North Asia Portfolio (As at 31 December 2024)
| T Tower1 | KR Ginza II1 | |
| Location | 30 Sowolro 2-gil, Jung-gu, Seoul, South Korea | 2-15-2, Ginza, Chuo-ku, Tokyo, Japan |
| Title | Freehold | Freehold |
| Ownership Interest | 99.4% | 98.5% |
| Acquisition Date | 27 May 2019 | 30 November 2022 |
| Purchase Price | S$292.0 million KRW 252.6 billion |
S$84.4 million JPY 8.83 billion |
| Valuation1,2 | S$280.9 million KRW 298.8 billion KRW 23.9 million/py |
S$86.5 million JPY 9.7 billion JPY 2.7 million/psm |
| Capitalisation Rate | 4.30% | 2.70% |
| Attributable NLA | 226,949 sf 21,084 sm |
38,096 sf 3,539 sm |
| Committed Occupancy | 100.0% | 100.0% |
| FY 2024 Attributable NPI | S$12.6 million | S$2.0 million |
| Number of Tenants3 | 21 | 5 |
| Principal Tenants4 | Philips Korea, Korea Medical Dispute Mediation and Arbitration Agency, SK Communications |
CEISIEC GK, Net Year Group, New Rule Lab |
| Number of Carpark Lots5 | 292 | 16 |
| 1 | Based on Keppel REIT’s interest in the respective properties as at 31 December 2024. |
| 2 | Based on the exchange rate of A$1 = S$0.8799, KRW 1,000 = S$0.9400 and JPY 100 = S$0.8915. |
| 3 | Tenants located in more than one building are accounted as one tenant. |
| 4 | On committed gross rent basis. |
| 5 | Refers to all available carpark lots in the respective properties, excluding loading and unloading bays. |
| 6 | 87.5% interest of the building was acquired on 14 December 2011 and 12.4% interest of the building was acquired on 25 June 2012. 20.0% interest of the building was subsequently divested on 11 Dec 2018. |
| 7 | Based on Keppel REIT’s 79.9% of the historical purchase price. |
| 8 | Comprises Marina Bay Financial Centre (MBFC) Tower 1, 2 and 3 and Marina Bay Link Mall (MBLM). |
| 9 | Refers to MBFC Tower 1 and 2 as well as MBLM. |
| 10 | Refers to MBFC Tower 3. |
| 11 | Refers to MBFC Tower 1 and 2. |
| 12 | Refers to MBLM. |
| 13 | Includes a purchase price adjustment of A$7.4 million paid in 2024. Based on a blended exchange rate of A$1 = S$0.9442. |
| 14 | Excludes 6 Giffnock Avenue (Building D) which is currently undergoing asset enhancement works. |
| 15 | Keppel REIT owns a 50% interest in the 8 Exhibition Street office building and a 100% interest in the three adjacent retail units. |
| 16 | Refers to Keppel REIT’s 50% interest in the office building. |
| 17 | Refers to Keppel REIT’s 100% interest in the three adjacent retail units. |
