Perennial Real Estate Holdings Limited - Annual Report 2017

PORTFOLIO AT A GLANCE BUSINESS REVIEW: REAL ESTATE – SINGAPORE Property 1 Location Description Tenure Effective Interest (%) Valuation 2 (S$ million) TripleOne Somerset 111 Somerset Road, Singapore 238164 Office: 2 17-storey towers Retail Podium: 2 levels Car Park: 2 basement levels 99 years, expiring on 18 February 2074 30 3 – AXA Tower 8 Shenton Way, Singapore 068811 Office: 1 50-storey tower Retail Podium: 2 levels Car Park: 3 basement levels 99 years, expiring on 18 July 2081 31.2 – CHIJMES 30 Victoria Street, Singapore 187996 A conservation site comprising two National Monuments zoned for commercial use under the Master Plan 2008 Car Park: 1 basement level 99 years, expiring on 12 May 2090 51.6 6 334 Chinatown Point 133 New Bridge Road, Singapore 059413 Retail Podium: 6 levels 4 Strata-titled Office Units Car Park: 4 above ground levels 99 years, expiring on 11 November 2079 50.6 7 429 Capitol Singapore 11 Stamford Road, Singapore 178884 - Eden Residences Capitol 13 Stamford Road, Singapore 178905 - Capitol Piazza (Neue) 15 Stamford Road, Singapore 178906 - Capitol Piazza (Galleria and Arcade) and the hotel 17 Stamford Road, Singapore 178907 - Capitol Theatre Retail Podium: 4 levels Residential: 39 units Hotel: 157 rooms Multi-purpose Theatre Car Park: 4 basement levels 99 years, expiring on 23 January 2110 50 758.3 9 House of Tan Yeok Nee 101 Penang Road, Singapore 238466 A gazetted National Monument zoned for commercial use under the Master Plan 2008 Freehold 50 – 1 The value of leasehold properties totalled S$4.09 billion as at 31 December 2017. The value of freehold properties totalled S$74.5 million as at 31 December 2017. 2 Valuation only includes Investment Properties as announced on 8 February 2018. 3 On 31 March 2017, Perennial completed the partial divestment of a 20.2% effective interest in TripleOne Somerset but retained a 30% effective interest in the property. 4 Excluding storage areas and strata office units handed over to purchaser as at 31 December 2017. 5 Estimated strata area after completion of asset enhancement works. Area excludes strata office units handed over to purchaser as at 31 December 2017. 6 Approximate percentage. Annual Report 2017 50 PERENNIAL REAL ESTATE HOLDINGS LIMITED