OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX Enlarged TOD Portfolio in China • Led a consortium of partners to invest in Hangzhou West HSR Integrated Development, which is adjacent to the Hangzhou West HSR Station, at a land tender price of RMB2,873.3 million (S$591.3 million). Enlarged China Healthcare Offerings • Entered into a 40-60 JV with Shanghai Eber to jointly establish Eber Perennial Brain Hospital, the first specialist hospital focusing on functional neurology in Tianjin. • Established Perennial Alzheimer’s Care Village Xi’an, China’s first Alzheimer’s care-focused integrated healthcare development, which encompasses the country’s largest2 dementia care home. Deepened Presence in Indonesia • Acquired over five million sq ft of additional land bank to expand The Sanctuary Collection residential development in Greater Jakarta. 2 Based on the number of beds. 3 A leading science-based environmental certification and benchmarking programme for the travel and tourism industry. All artist’s impressions in this report may differ from the actual view of the completed properties. Hangzhou West HSR Integrated Development Strengthened China Healthcare Business • Established the Perennial International Healthcare Advisory Panel, which comprises local and overseas healthcare and geriatric medical professionals. 2022 Strengthened Singapore Real Estate Footprint • Acquired the S$700 million Golden Mile Complex together with JV partners, Sino Land and Far East Organization, marking the first collective sale of a large-scale stratatitled conserved building in Singapore. • The Skywaters was unveiled as Singapore’s tallest and among Asia’s most sustainable skyscrapers upon completion. It will also be Singapore’s first supertall building, defined as a structure above 300 metres. The Skywaters The Sanctuary Collection Reinforced Commitment to Sustainability • Adopted third UN SDG, Goal 5 (Gender Equality) and the revised GRI Universal Standards 2021 for sustainability reporting. • The Skywaters secured a S$3 billion greenloan, Asia’s largest green loan at the time of announcement, to finance its redevelopment and is committed to secure Singapore’s BCA Green Mark Scheme Platinum Certification. • Perennial Business City obtained Singapore’s BCA highest Green Mark Scheme Platinum Super Low Energy Certification. 2023 New Strategic Shareholder • Welcomed Perpetual Capital VCC, an investment holding company principally backed by a sovereign wealth fund in the Southeast Asian region and managed by investment professionals with expertise and networks across Asia, as a shareholder. Maiden Foray into Eldercare Business in Singapore • Awarded the Parry Avenue site at a tender price of S$71.988 million to develop Singapore’s first private assisted-living development (“Parry Assisted Living Care”), combining 200 assisted-living apartments and a 100-bed nursing home, which will be integrated with a new community park of around 1.5 hectares. Strengthened Healthcare Offerings in China • Entered into a 40-60 JV with Yingkang Medical, a subsidiary of Haier Group, to operate SuperiorMed Perennial Hospital, a 350-bed tertiary general hospital, at PIHMH Chengdu. • Unveiled Perennial-branded and co-branded eldercare and medical facilities at Perennial Tianjin South HSR International Healthcare and Business City, including Perennial Eldercare Home, Perennial Assisted Living Apartment, Perennial Nursing Home, Perennial General Hospital, Perennial Rehabilitation Hospital and Eber Perennial Brain Hospital. Parry Assisted Living Care Perennial Tianjin South HSR International Healthcare and Business City Maiden Foray into Hospitality Business in China • Unveiled hotel brands at Perennial Tianjin South HSR International Healthcare and Business City that will be operated by a 49-51 JV with Minyoun Hospitality. The 5-star to 3-star hotel brands include ‘The Perennial, JdV by Hyatt’, ‘Cheese by Minyoun Perennial Tianjin’, ‘lia! by Minyoun Perennial Tianjin’ and ‘Living Minyoun Perennial Tianjin’. Continued Commitment to Sustainability • Adopted fourth UN SDG, Goal 3 (Good Health and Well-being). • CHIJMES in Singapore obtained the EarthCheck Silver Certification3. 21 ANNUAL REPORT 2023
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