capitacommercial trust 2009 first quarter results€¦ · adjusted nav 3 2.91 2.92 13 due within 12...

CapitaCommercial Trust 2009 First Quarter Results

30 April 2009

Important NoticeThis presentation shall be read in conjunction with CCT’s 2009 First Quarter Unaudited FinancialStatement Announcement.

The past performance of CCT is not indicative of the future performance of CCT. Similarly, the past performancef C i C i l T M Li i d h f CCT i i di i f h f fof CapitaCommercial Trust Management Limited, the manager of CCT is not indicative of the future performance

of the Manager.

The value of units in CCT (CCT Units) and the income derived from them may fall as well as rise. The CCT Unitsare not obligations of, deposits in, or guaranteed by, the CCT Manager. An investment in the CCT Units issubject to investment risks, including the possible loss of the principal amount invested. Investors have no rightto request that the CCT Manager redeem or purchase their CCT Units while the CCT Units are listed. It isintended that holders of the CCT Units may only deal in their CCT Units through trading on Singapore ExchangeSecurities Trading Limited (SGX-ST). Listing of the CCT Units on the SGX-ST does not guarantee a liquidmarket for the CCT Units.

This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties.Actual future performance, outcomes and results may differ materially from those expressed in forward-lookingstatements as a result of a number of risks, uncertainties and assumptions. Representative examples of thesefactors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital( ) g y , , pand capital availability, competition from other developments or companies, shifts in expected levels ofoccupancy rate, property rental income, charge out collections, changes in operating expenses (includingemployee wages, benefits and training costs), governmental and public policy changes and the continuedavailability of financing in the amounts and the terms necessary to support future business.

You are cautioned not to place undue reliance on these forward-looking statements, which are based on thecurrent view of the CCT Manager on future events.

2 CapitaCommercial Trust Presentation *Apr 2009*

Contents

• First Quarter Highlights• Robust Financial Results• Robust Financial Results• Proactive Capital Management• Stable Portfolio Growth• Market Outlook• Summary

Supplementary Information• Supplementary Information


First Quarter Highlightsg g


1Q 2009 DPU Up 25.1% from 1Q 2008

3.24¢25.1%

2.59¢

3.24¢

3.00¢ Contribution from acquisition of One George Street and Wilki Ed

2.00¢1Q 2008 1Q 2009

Wilkie Edgeas well as higher rental income from existing properties

1.00¢

0.00¢

Distribution Per Unit


Successfully Secured Refinancing for Debt Maturing in 2009g

• Obtained commitment of S$160 million from a bank• 3 year term loan secured over HSBC Building• 3-year term loan secured over HSBC Building• All-in margin (inclusive of fees) is 3.0% per annum

D t t CCT’ d S ’ t• Demonstrates CCT’s and Sponsor’s strong relationship with banks

• No more refinancing requirement for 2009• No more refinancing requirement for 2009


Proactive Leasing

• Signed on new leases and renewals for an aggregate area of 335,800 square feet in the first four months of 20092009– Tenants include Legg Mason, CapitaLand, BNI and

KoufuKoufu– Key sectors: government, retail, banking, insurance &

financial services

• Positive rental reversion on a weighted average basis at about 49% higher than previously signed rentsrents

• Achieved portfolio committed occupancy of 97.7% as at 30 April 2009at 30 p 009


Robust Financial Results


1Q 2009 Distributable Income AboveForecast by 16.0%

120,000

1Q 2009 (Forecast) 1Q 2009 1.3%

3 7%

S$’000

96,197

67,407

97,461

69,87080,000

100,0003.7%

16.0%

39,15145,404

40,000

60,000

0

20,000

Gross Revenue Net Property Income Distributable IncomeHigher income contribution from Capital Tower, Raffles City, Starhub Centre and Market Street Car Park

Lower property tax, utilities and maintenance expenses

Lower borrowings and lower average cost of funds


1Q 2009 Gross Revenue Up by 36.9% Compared with 1Q 2008

120,000

1Q 2008 1Q 2009

36.9%

S$’000

71,195

97,461

69,87080,000

100,000 40.8%

26.6%

49,626

35,85845,404

40,000

60,000

0

20,000

Gross Revenue Net Property Income Distributable IncomeGross Revenue Net Property Income Distributable Income

Contribution from acquisitions as well as higher rental income from existing properties

Due to the two acquisitions and improved operating margin

Higher net income off-setby higher trust expenses and borrowing cost due to increase in


from existing properties margin. to increase in borrowings

1Q 2009 in line with 4Q 2008

97 164 97 461

120,000

4Q 2008 1Q 2009 0.3%

6 5%

S$’000

97,164

65,609

97,461

69,87080,000

100,0006.5%

19.6%

37,96445,404

40,000

60,000

0

20,000

G R N t P t I Di t ib t bl IGross Revenue Net Property Income Distributable Income

Higher rental income from Capital Tower and WilkieEdge

Mainly due to cost saving measures

Lower trust expenses


Proactive Capital Managementp g


Total Assets at S$6.9B, Adj. NAV at S$2.9131 M 09 31 D 0831 Mar 09

S$'00031 Dec 08

S$'000Non-current assets 6,785,655 6,785,965

Current assets 79,046 85,426Total assets 6,864,701 6,871,391

1Current liabilities1 396,460 793,555

Non-current liabilities 2 2,345,513 1,922,945Net assets 4 122 728 4 154 891Net assets 4,122,728 4,154,891Unitholders' funds 4,122,728 4,154,891NAV 2.94 2.97

Notes (Comparing Mar 2009 and Dec 2008):(1) Increase due to drawdown of S$40 million short term loan and reclassification of S$150 million medium term notes

d ithi 12 th

Adjusted NAV 3 2.91 2.92

13

due within 12 months(2) Increase due to the addition of S$580 million three-year term loan offset by the reclassification of S$150 million

medium term notes mentioned in Note 1.(3) Assuming the distributable income has been paid out to the unitholders

CapitaCommercial Trust Presentation *Apr 2009*

Secured Bank Commitment of S$160m to refinance 2009 outstanding debtg

1,200 S$22 m RCS -

S$ million

$650m800

1,000

S$22 m RCS -secured term loan due Sep (0.8%)34%

$370mCCT -

ConvertibleBonds

Put option in May

22%CCT - 3-year

secured term loan due in Jun (6%)

As at 31 March 2009

Total Gross Debt :S$2,632.8 million

$520m

$650m

400

600 CCT -2-year

secured term loan

due in Jun RCS

$580m

in May (14%)

14%CCT - short term loan d e

$156m Gearing(1) : 38.3%

Interest Service Coverage Ratio(2) : 2.8 times

A C t f D bt 3 6%

$235m

$100m -

200

$156m

Jun (25%)

6%

RCS- CMBS

due in Sep (20%)

CCT -Convertible

Bondsdue in May

(14%)

CCT -3-year

secured term loan due in Mar

term loan due in Jun (6%)

Average Cost of Debt: 3.6%

Average Fixed Rate Term to Expiry(3) : 2.4 years

2009 2010 2011 2012 2013CCT- MTN (9%)

$150m due in Mar$85m due in Aug

CCT- MTN due in Jan

(4%)

Notes:(1) G b i f CCT (i l i f 60% i t t i RCS T t ) t t l d it d ti f CCT (i l i f 60% i t t i RCS T t )

14

(1) Gross borrowings of CCT (inclusive of 60% interest in RCS Trust ) over total deposited properties of CCT (inclusive of 60% interest in RCS Trust ) (2) Ratio of net investment income before interest, tax and amortisation of CCT (inclusive of 60% interest in RCS Trust ) over interest expenses of CCT

(inclusive of 60% interest in RCS Trust ) (3) Average fixed rate term to expiry of the loan profile


Stable Portfolio Growth


Gross Rental Income Predominantly Contributed by Grade A Officesy

CCT’s Focus is Owning and Investing in Real Estate and Real Estate-related Assets, which are Income-producing and used, or Predominantly used, for Commercial Purposes, y , p

Major usage mix for CCT propertiesBy Gross Rental Income for the Month of March 2009

Office 72%Hotels &

Convention Centre

11%

R t ilRetail 17%

16

Note:(1) Excludes retail turnover rent


Portfolio Diversification with Focus on Qualityon Quality

About 80% of 1Q 2009 Net Property Income from Grade A Offices and Raffles City

Golden Shoe Car Park, 2.8%

Wilkie Edge, 0.4%

HSBC Building, 3.2%

Bugis Village, 2.9%

Market Street Car Park, 1.0%

(1)Raffles City, 28.4%

Starhub Centre, 5.4%

Robinson Point, 3.6%

C it l T 11 5%

Six Battery Road,One George

Capital Tower, 11.5%

Six Battery Road, 23.3%

One George Street, 17.5%

17

Note:(1) Represents CCT’s 60.0% interest in Raffles City


Diverse Tenant Mix(1) in CCT’s Portfolio

Banking, Insurance & Financial Services

Legal, 2.5%

Car Park, 2.3%

Education, 1.8%

Department Store, 1.9%

& Financial Services, 36.0%Retail Services, 2.9%

Real Estate & Property Services, 4.0%

Food & Beverage, 5.6%

Others , 5.5%(2) Standard Chartered Bank

JPMorgan Chase Bank, N.A.

N Si Ltd

Government & Government Linked

Office, 6.4%

Nomura Singapore Ltd

The Hongkong and Shanghai Banking

Corporation Ltd

Ll d’ f L d (A i )

Energy, Business Consultancy, IT & Telecoms 14 0%Hospitality, 10.3%

Fashion, 6.9%

N t

These five tenants account for 65% of the Banking, Insurance and Financial Services Group.

Lloyd’s of London (Asia) Pte Ltd

Telecoms, 14.0%p y,

18

Notes:(1) Based on monthly gross rental income as at 31 Mar 2009 for the portfolio including car park income

from Golden Shoe Car Park and Market Street Car Park(2) Consists of other minor retail and office trades


Top Ten Blue-Chip Tenants(1) Enhance Stability -Contribute about 50% of monthly gross rental income

Weighted Average Lease Term to Expiry (by Floor Area) for Top 10 Tenants as at 31 Mar 2009= 6.4 years

11.1% 10.8%

4.7% 4.6%

3.6%2.7% 2.6% 2.3%

2.0% 1.9%

Standard Chartered Bank

RC Hotels (Pte) Ltd

Government of Singapore Investment Corporation

Private Limited

JPMorgan Chase Bank, N.A.

Nomura Singapore Limited

CapitaLand Group The Hongkong and Shanghai

Banking Corporation

Limited

Lloyd's of London (Asia) Pte Ltd

WongPartnership LLP

Robinson & Company

(Singapore) Private Limited

19

Note:(1) Based on monthly gross rental income contribution as at 31 March 2009 (excluding retail turnover rent)


Committed occupancy consistently above market levelsa et e e s

Committed Occupancy as

at 30 April

96.7%

at 30 April 2009 is 97.7%

100%

120%

CCT's Committed Occupancy Since Inception

90.0%

Occupancy rate in Singapore’s core CBD is 93.1% and Grade A offices is 97.1% as at end-March 2009 (1)

40%

60%

80%

100%

(Islandwide)

0%

20%

40%

2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2004 2005 2006 2007 2008 2009

CCT Occupancy Rate URA Occupancy Index


Note: (1) Source: CBRE (as at Q1 2009)

Almost Half of the Leases Expiring in 2009 have already been Renewed

Leases up for Renewal (by monthly gross rental income) as at 31 March 2009

(1)

19.7%

19.7%

17.5%

0.3%

7.5%8.9%

3.4%6.1%

1 9%

7.7% 7.8%

3.9%

3.4% 3.5%

0.4%

1.9%

2009 2010 2011 2012 2013 and Beyond

Office Retail Hotels and Convention Centre

Renewed Forward LeasesRenewed Leases for 2009 Renewed Forward Leases

21

Note:(1) Excludes turnover rent

Renewed Leases for 2009


Almost Half of the Office Leases Expiring in 2009 have already been Renewed

Office Leases Expiring as a percentage of monthly office gross rental income as at 31 March 2009

27 1% 27.2%

0.4%

27.1%24.2%

4.6%

8.5%

10.7% 10.8%

R d L f 2009 R d F d L

2009 2010 2011 2012 2013 and Beyond

Renewed Leases for 2009 Renewed Forward Leases


Potential Rental Upside from Lease Renewals in 2009

$20.00 60%2009

$12.00

$16.00 40% Grade A Office Average Rent in Q1 2009: S$12.30 psf /month (1)

Prime Office Average Rent in Q1 2009: S$10 50 psf/month (1)

2 6% %

$5.89 $7.47 $6.77 $6.07

$4.00

$8.00 20%

Prime Office Average Rent in Q1 2009: S$10.50 psf/month (1)

0.7% 2.6% 2.2% 1.7%$-0%

Capital Tower Six Battery Road

One George Street

Raffles City Tower(2)Road Street Tower

Notes:Leases expiring as a percentage of monthly office gross rental income as at 31 March 2009

Ave Monthly Gross Rental Rate for Expiring Leases (S$ psf/month)

23

Notes:(1) Source: CBRE (as at Q1 2009)(2) Has embedded yield protection of 4.25% p.a., based on purchase consideration of S$1.165 billion until 10 July 2013 from

CapitaLand. This eliminates downside rental risk for One George Street during the yield protection period, but allows CCT to benefit from any upside in rental reversion.


Limited Percentage of Leases Expiring forthe Four Key Office Buildings

Lowers the potential and downside risks associated withthe Singapore Office Market over these time periods

$16.00

$20.00 60%2010

$16.11 $14 36

$16.00

$20.00 60%2011

10.3%4.8% 4.9% 3.9%

$6.58

$12.63

$6.46

$10.40

$4.00

$8.00

$12.00

20%

40%

2.1%

13.2%5.7%

0.7%$4.46

$12.51 $14.36

$4.00

$8.00

$12.00

20%

40%

(1) (1)

Ave Monthly Gross Rental Rate for Expiring Leases(S$ psf/month)

$-0%Capital Tower

Six Battery Road

One George Street

Raffles City Tower

$-0%Capital Tower

Six Battery Road

One George Street

Raffles City Tower

Ave Monthly Gross Rental Rate for Expiring Leases(S$ psf/month)

Leases expiring as a percentage of monthly office gross rental income as at 31 March 2009

24

Note:(1) Has embedded yield protection of 4.25% p.a., based on purchase consideration of S$1.165 billion until 10 July 2013 from

CapitaLand. This eliminates downside rental risk for One George Street during the yield protection period, but allows CCT to benefit from any upside in rental reversion.


Average CCT Office Portfolio Rent still Lower than Monthly Market Rentsy

3

$18.65$18.80 $18.80

$15 00

3$16.00 $16.10 $16.10

$12.90$10 50

$15.00$12.30

$6 75 $7 20 $7.44

$10.50

$7.73

$5.98$6.75 $7.20

CCT Office Portfolio Prime Office Average Rent Grade A Office Average Rent(1) (2)(2)

1Q 2008 4Q 20083Q 20082Q 2008 1Q 2009

25

Notes:(1) Average monthly passing rent for CCT’s office portfolio(2) Source for office market rent: CBRE (figures as at end of each quarter)


Market Outlook


Expects 2009 to be a Challenging Year

• Ministry of Trade and Industry (MTI) expects Singapore’s GDP to contract by 6.0 to 9.0 per cent in 20092009

• Singapore government has announced a set of expansionary budget measuresexpansionary budget measures – to stimulate the economy, and – to enhance the country’s capabilities and competitiveness in the

l tlong term

• Global economies expected to remain weak


Singapore has only 6.7 mil sq ft of Grade A Office

Outside of Central Region

2.2

Grade A Office

Grade A Office,

Downtown

Fringe Area11.4 20%

3%Office, 6.7 mil sq ft

Core27.5 48%

Rest of

Area in sq ft (mil)

Other Office grades, 20.8 mil

Orchard Rd4 3

Central Area11.7 21%

20.8 mil sq ft

4.3 8%

• Singapore’s Total Office Stock: 72 mil sq ft

28

g p q• Total Private Office Stock: 57 mil sq ft (80%)Source: CBRE, December 2008. Note: Downtown Core covers Raffles Place, Marina Centre, Shenton Way and Marina Bay


Uncertain Office Supply from 2011 Onwards – Delay in completion is evident

Singapore Private Office Space (Central Area)

• Some future supply have already been pre-committed, e.g. 1.9 mil sq ft in 2010 & 2012 (MBFC)

2.7

4.1

2 8 2.53 0

4.0

5.0

O

Singapore Private Office Space (Central Area)

Post -Asian financial crisis and SARs-k d d & d l

Ave annual supply = 2.4 mil sq ftAve annual demand during previous growth phase('93-'97)=2.1 mil sq ft

R

1.4

2.7

1.11.3

2.8 2.5

1.3

0.090 0

1.0

2.0

3.0ffice Space (mil

weak demand & undersupply

-2.0

-1.0

0.0

993

994

995

996

997

998

999

000

001

002

003

004

005

006

007

008

009

010

011

012

013

sq ft) Ave annual supply = 1.8 mil sq ftAve annual annual demand =1.6 mil sq ft

1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2

Supply Demand Forecast supply as at Jun'08 Forecast supply as at Apr'09

29

Note: Central Area comprises ‘The Downtown Core’, ‘Orchard’ and ‘Rest of Central Area’. Please see details of supply forecast under Supplementary Information

Source: Consensus Compiled from CBRE &JLL (Apr 09)


Summaryy


Almost 90% of 2009’s forecast gross rental income(1) locked-in with committed leases

31

Note:(1) Based on the Forecast Gross Rental Income for the “enlarged portfolio”, published in CCT’s circular to

unitholders dated 9 June 2008


Achieving Higher DPU Year-On-Year12.2%

12.34¢26.4%

• Distribution yield based on Projection Year 2009 Distribution Per Unit and closing price per unit on 29 April 2009 of S$0.815 = 15.1%

(6)

8.55¢

10.59¢

8.70¢

11.00¢18.7%7.6%

7.8% (4)

(5)

5.68¢6.31¢

7.02¢

8.55¢

6.32¢ 6.81¢

7.33¢

(1)(2)

(3)

15 May to 31 Dec 2004

(annualised)

FY 2005 FY 2006 FY 2007 FY 2008 Projection Year 2009

Notes: ( )(1) As stated in CCT’s Introductory Document dated 16 March 2004(2) As stated in CCT’s Offer Information Statement dated 21 April 2005 in relation to the acquisition of HSBC Building(3) As stated in the Circular dated 15 August 2006 for the equity fund raising fund of Raffles City(4) Based on the forecast shown in the Unitholder Circular dated 5 November 2007 for the acquisition of Wilkie Edge(5) The forecast is based on management’s forecast shown in the Circular dated 9 June 2008 for the acquisition of One George Street for the

period 1 January 2008 to 31 December 2008 and adjusted for the actual date of acquisition of One George Street on 11 July 2008. The

32

acquisition of One George Street was assumed to be completed on 1 July 2008 in the Circular.(6) The forecast is based on management’s forecast shown in the Circular dated 9 June 2008 for the acquisition of One George Street for the

projection year 2009.


Focus On Fundamentals


Strategy for Driving DPU Growth

Distribution Per Unit

Growth within portfolio

Acquisitions / Development Projectswithin portfolio

-Rental rate -Occupancy

Asset Enhancement Development Projects – Singapore & overseas

Proactive and prudent capital managementProactive and prudent capital management


Customer Focus

• More than 500 tenants (office and retail)

• Tenant retention• Tenant communication and

supportsupport• Managed by professional

property manager, C it L dCapitaLand– Awarded ISO 14000

certificationA d d Si S i– Awarded Singapore Service Class (S-Class) certification from Spring Singapore


Prime Assets

• Properties in good location, near to key MRT stationsO ns commercial area of• Owns commercial area of more than 3 million sq ft

• Lease to quality blue-chip tenants

• Most properties are at least Green Mark certified by the Building and Construction Authority of Singapore


Supplementary Slidespp y


1Q 2009 Gross Revenue (1) – By Asset

97,461

90,000

100,000

1Q 2008 1Q 2009

36.9%S$ ‘000

71,195 70,000

80,000 Due to the proposed redevelopment of MSCP announced in early 2008 which has since been aborted in January 2009

40,000

50,000

60,000

11.7% 24.5%

0.9%

aborted in January 2009

12,178 16,459

28,485

13,604

20,498 15,931

28,729

20,000

30,000 3.2% 57.7% 64.9% 4.5% 1.8%-17.7%

2,184 3,347 2,012 2,462 2,728 1,340 2,254 5,278 3,317 2,574 2,777 1,103 1,396

-

10,000

Capital Tower

Six Battery Road

HSBC Building

Starhub Centre

Robinson Point

Bugis Village

Golden Shoe Car

Park

Market Street Car

Park

One George Street

Wilkie Edge

60% Interest in

RCS

Gross Revenue

38

Note: (1) One George Street was acquired in July 2008 and Wilkie Edge was legally completed in December

2008. Hence, they do not contribute any revenue for 1Q 2008.

Park Park Street RCS


1Q 09 Net Property Income (1) - By Asset

69,870 70,000

80,000

1Q 2008 1Q 2009

40.8%S$ ‘000 Higher property operating expense offset partially by increase in revenue. Increase in property operating expenses due to higher property tax, utilities, maintenance & marketing e penses

49,626 50,000

60,000

Due to the proposed redevelopment of MSCP

marketing expenses.

30,000

40,000

37.9%

-3.1%

redevelopment of MSCP announced in early 2008 and which has since been aborted in January 2009

Higher property operating expense offset partially by increase in revenue

7 137

11,826

20,508

8 004

16,310 12,209

19,877

10 000

20,000

30,000 12.1%

4.0% 84.1% 104.1% 5.0% -0.8%-17.5%

7,137

2,146 2,054 1,239 1,946 1,986 784

8,004 2,232 3,782 2,529 2,043 1,970 647 267

-

10,000

Capital Tower

Six Battery Road

HSBC Building

Starhub Centre

Robinson Point

Bugis Village

Golden Shoe Car

Park

Market Street Car

Park

One George Street

Wilkie Edge

60% Interest in

RCS

Net Property Income

39

Park Park Street RCS Income

Note: (1) One George Street was acquired in July 2008 and Wilkie Edge was legally completed in December

2008. Hence, they do not contribute any income for 1Q 2008.CapitaCommercial Trust Presentation *Apr 2009*

Consistently Healthy Occupancy Rates

2004 2005 2006 2007 2008 1Q 2009Capital Tower 94.5 100.0 100.0 100.0 99.9 99.9Six Battery Road 97.5 99.5 100.0 99.9 98.6 97.6Starhub Centre 98.1 100.0 100.0 99.0 93.1 93.1Robinson Point 85.2 99.1 100.0 100.0 90.9 95.9Bugis Village 92.9 92.1 95.3 99.1 96.6 96.6Golden Shoe Car Park 100.0 85.4 98.0 96.4 100.0 100.0Market Street Car Park 100.0 0.0 (1) 95.6 95.4 82.8 69.9HSBC Building 100.0 100.0 100.0 100.0 100.0Raffles City 99.5 99.3 99.9 98.9Wilkie Edge(2) 52.5 67.0One George Street 100.0 100.0Portfolio Occupancy 95.2 99.1 99.6 99.6 96.2 96.7

Note:

40

Note: (1) Market Street Car Park’s retail space was closed in November 2005 for asset enhancement work(2) Wilkie Edge is a new property legally completed in December 2008. The committed occupancy rate for

Wilkie Edge was announced to be close to 70% as at 20 January 2009.


Details of Forecast Office Supply for 2009

Expected Completion Development Location

Net Floor Area (sf)

Total Net Floor Area (sf)

Q260 Robinson Road (space (space addition to former Overseas Union Bank Building ) Robinson Road 29 753Q2 former Overseas Union Bank Building ) Robinson Road 29,753

Q2EFG Bank Building ( 67 High Street - former Satnam House) High Street 70,200

Q32 Havelock Road (Additions & alterations to A ll C t ) H l k R d 20 000Q3 Apollo Centre) Havelock Road 20,000

Q3 78 Shenton Way (South Tower) Shenton Way 75,938

Q3 The Anson (Mapletree)Anson Road/ Enggor Street 320,000

LPB at Scotts / DB&B subsidiary SunQ3

LPB at Scotts / - DB&B subsidiary- Sun Venture Scotts / Anthony Rd 126,163

Q4 Straits Trading Building redevelopment Battery Road 160,000Q4 71 Robinson Road Robinson Road 238,000

H2The Spazio (Additions & alterations to Dapenso Building) Cecil Street 52,817

2009LPA at Scotts/ (Owner/Tenant: UOB-Kay Hian Trading Pte Ltd) Scotts / Anthony Rd 119,162

412009

Hotel / Office at Kong Cheow Street / Merchant Road / New Market Road (Park Regis)

Kong Cheow Street / Merchant Road / New Market Road 42,270 1,254,303

Details of Forecast Office Supply for 2010


Net Floor Area (sf)


Q1Tokio Marine Centre (formerly Asia Chambers redevelopment) McCallum St 133 000Q1 redevelopment) McCallum St 133,000

Q1 Twenty Anson Anson Road 209,000

Q2Marina Bay Financial Centre (Phase 1) –65 6% itt d M i B 1 600 000Q2 65.6% pre-committed Marina Bay 1,600,000

Q350 Collyer Quay (OUH & CAAP redevelopment) Collyer Quay 411,992Mapletree Business City (previously known as Al d B i P k Offi Bl k l )

Q3Alexandra Business Park – Office Block only) – some pre-commitment have been secured Alexandra/ Harbourfront 401,000

2010North Bridge Road (Owner/Tenant: Kim Eng Holdings’ HQ) City Fringe 50,000 2,804,992


Details of Forecast Office Supply for 2011 - 2013


Net Floor Area (sf)


Q1 2011 Ocean Financial Centre Collyer Quay 850 000Q1 2011 Ocean Financial Centre Collyer Quay 850,000

2011 1 Raffles Place (OUB Centre Tower 2) Raffles Place 350,000

2011Hotel / Office at Upper Pickering Street (Hotel Pl G ) Chi t 70 0842011 Plaza Group) Chinatown 70,084

Q3 2011 Marina View North Tower only Marina Bay 1,225,127 2,495,211

2012Marina Bay Financial Centre (Phase 2) – 55% pre-committed Marina Bay 1,300,000 1,300,000p y , , , ,

2013Office / shopping development at Jalan Besar / Lavendar Street

Jalan Besar / Lavendar Street 93,658 93,658

TOTAL FORECAST SUPPLY (2009 – 2013) 7 948 164(2009 – 2013) 7,948,164


CapitaCommercial Trust Management Limited39 Robinson Road39 Robinson Road

#18-01 Robinson PointSingapore 068911Tel: (65) 6536 1188 F (6 ) 6 33 6133Fax: (65) 6533 6133

http://www.cct.com.sg

For enquiries, please contact:For enquiries, please contact: Ms Ho Mei Peng

Head, Investor Relations & CommunicationsDirect: (65) 6826 5586

E il h i @ it l d

44

Email: [email protected]


capitacommercial trust 2009 first quarter results€¦ · adjusted nav 3 2.91 2.92 13 due within 12...

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