OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 2021 2022 2023 2024 2025 Maiden Foray into Business Park Space Acquired and redeveloped Big Box for S$118 million into Perennial Business City, in Jurong Lake district, Singapore. Enlarged TOD Portfolio in China Led consortium to invest in Hangzhou West HSR Integrated Development, at land tender price of about RMB2.9 billion. Strengthened Singapore Integrated Development Footprint • Acquired Golden Mile Complex for S$700 million through a JV, marking Singapore’s first collective sale of a large-scale strata-titled conserved building. • The Skywaters unveiled as Singapore’s tallest and one of Asia’s most sustainable skyscrapers. Deepened Presence in Indonesia Acquired over five million sq ft of additional land to expand The Sanctuary Collection. Maiden Foray into Hospitality Business in China Unveiled 3- to 5-star hotel brands at Perennial Tianjin, operated under JV with Minyoun Hospitality. Integrated Development's Milestone in Singapore • Unveiled plans for Golden Mile Singapore, comprising the conserved The Golden Mile and Aurea. 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. New Strategic Shareholder Welcomed Bangkok Bank Public Company Limited, one of Thailand’s largest banks and a leading regional bank in Southeast Asia, with a presence in nine ASEAN countries, as well as in major financial centres including China, Japan, United Kingdom and the United States, as a shareholder. Enlarged China Healthcare Offerings • Formed JV with Shanghai Eber to establish Eber Perennial Brain Hospital, the first neurology hospital in Tianjin. • Established Perennial Alzheimer’s Care Village Xi’an (“PACVX”), the first-of-its-kind in China. Enhanced Commitment to China’s Healthcare Sector • Perennial Tianjin, world’s first-of-its-kind healthcarecentric HSR TOD, officially opened eldercare and hospitality clusters. • Perennial General Hospital Tianjin became China’s first wholly foreign-owned private tertiary general hospital. • PACVX commenced operations as China’s first and the world’s sixth Alzheimer’s care village. Strengthened Healthcare Footprint in Singapore and China • Awarded Jervois Road property tender to establish Singapore’s first-of-its-kind private integrated rehabilitation and Traditional Chinese Medicine sanctuary. • Perennial Tianjin’s medical cluster, comprising general, rehabilitation and neurology hospitals, commenced operations. Strengthened Healthcare Offerings in China • Formed JV with subsidiary of Haier Group, to operate SuperiorMed Perennial Hospital at PIHMH Chengdu, the Company's first JV general hospital. • Unveiled Perennial-branded and co-branded eldercare and medical cluster at Perennial International Healthcare and Business City Tianjin (“Perennial Tianjin”). Maiden Foray into Eldercare Business in Singapore Awarded Parry Avenue site at tender price of about S$72 million to develop Singapore’s first private integrated assisted living development. Forged New Integrated Healthcarefocused Identity Underwent name change from Perennial Real Estate Holdings Pte Ltd to Perennial Holdings Private Limited to reflect the Company’s strategic direction towards integrated healthcare and real estate. Strengthened China Healthcare Business Established the Perennial International Healthcare Advisory Panel which comprises local and overseas healthcare and geriatric medical professionals. 15 ANNUAL REPORT 2024
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