Property Holding

Offices

The property-holding business segment achieved the greatest growth out of the Group's three business segments in FY2015, one financial year following the Company's SGX Mainboard listing on 22 July 2014. This growth was fuelled by the two Dutch properties in Amsterdam, Zuiderhof I and Arena Towers which were newly acquired in February 2015 and June 2015 respectively. Since then, the Group has expanded beyond Amsterdam into other key business cities in The Netherlands, building a portfolio of core properties that deliver steady recurrent income, derived from the interest bearing property financing loans given to the Dutch associated companies. Our portfolio of core properties is geographically spread across The Netherlands, including key business cities such as Amsterdam, Rotterdam, The Hague and prime residential areas in Zeist and Bilthoven. Amongst these core properties, some were identified to have redevelopment potential.

Zuiderhof I

Location

Jachthavenweg 121, Amsterdam, The Netherlands

Land Tenure

Perpetual leasehold (ground lease paid to May 2050)

Lettable floor area1 (SQM)

12,538

Description

Comprises an office building and car parks.

Year of construction / renovation

2001

Number of car park lots

111

Notes:

  1. Lettable floor area excludes car park space.

Munthof

Location

Reguliersdwarsstraat 50-64, Amsterdam, The Netherlands

Land Tenure

Freehold

Lettable floor area1 (SQM)

1,719

Description

Comprises an office/retail building and car parks. This property has been identified to have potential for redevelopment.

Year of construction / renovation

1969

Number of car park lots

147

Notes:

  1. Lettable floor area excludes car park space.

Mondriaan Tower

Location

Amstelplein 6 and 8, Amsterdam, The Netherlands

Land Tenure

Freehold

Lettable floor area1 (SQM)

24,796

Description

Comprises an office building and car parks.

Year of construction / renovation

2002

Number of car park lots

241

Notes:

  1. Lettable floor area excludes car park space.

Dreef Tower

Location

Haaksbergweg 3-73 (odd nos.), Amsterdam, The Netherlands

Land Tenure

Perpetual leasehold (ground lease paid to January 2039)

Lettable floor area1 (SQM)

8,722

Description

Comprises an office building and car parks.

Year of construction

1991

Number of car park lots

207

Notes:

  1. Lettable floor area excludes car park space.

De Oliphant

De Oliphant, alias Sharing Tower, is a high-rise commercial building constructed in 1993. It's prime location in the Amsterdam Southeast is within a 2 minute walk from the Bijlmer-Arena train station and is well situated amongst other high-rise office buildings, hotels, retail outlets, event halls and the Amsterdam Arena football stadium. De Oliphant is also prominently positioned adjacent to a plot designated to be an events ground, which is slated to be developed in the near future.

The building has a typical footprint which consists of a central core and three wings forming a "Y" shape on each floor. It currently has 18-storeys of office space, an approximate total of 200 car park spaces from its rectangular underground parking level and an upper deck outdoors parking level.

At present, the property is undergoing renovation and is expected to be transformed into a multi-tenant, high-end office incorporating an elegantly redesigned façade and contemporary reception with facilities such as meeting and food and beverages areas. The redevelopment includes an extensive renovation and extension of the offices floors and will bring about a flexible working area with 1,500 sqm of floor area on almost every level, amounting to a total floor area of 21,000 sqm for the entire building. The redevelopment also includes the installation of a new climate control system, offering a best in class interior climate control and flexible operations. The façades will be rebuilt and be fitted with high performance insulation glazing. All measures combined (MAN 9 Kennisoverdracht - Concept case study De Oliphant (Dutch)), including those aforementioned features, will ensure that the new office building will achieve the Netherlands' BREEAM "Very Good" rating upon completion.

The redevelopment project commenced on 1 June 2017 and it is expected to be completed by December 2018.

Location

Haaksbergweg 4-98 (even nos.), Amsterdam, The Netherlands

Land Tenure

Perpetual leasehold (ground lease paid to November 2040)

Lettable floor area1 (SQM)

21,000 (estimate)

Description

Comprises an office building and car parks.

Year of construction / renovation

1993 / currently undergoing redevelopment, expected to be completed by December 2018

Number of car park lots

Over 200 (estimate)

Note:

  1. Lettable floor area excludes car park space.

Berg & Bosch

Location

Professor Bronkhorstlaan 4, 4A, 6, 8, 10A -10M, 12 - 20 and 26, Bilthoven, The Netherlands

Land Tenure

Freehold

Lettable floor area1 (SQM)

34,024 sqm (on land area of 415,799 sqm)

Description

Comprises buildings, some of which are national monuments, amongst a rich greenery landscape. This property has been identified to have potential for redevelopment.

Year of construction / renovation

1933/2006

Number of car park lots

627

Notes:

  1. Lettable floor area excludes car park space.

Villa Nuova

Location

Utrechtseweg 46 and 46a, Zeist, The Netherlands

Land Tenure

Freehold

Lettable floor area1 (SQM)

1,428

Description

Comprises an office building and car parks.

Year of construction / renovation

1841

Number of car park lots

40

Notes:

  1. Lettable floor area excludes car park space.

Herengracht 21

Location

Herengracht 21, The Hague, The Netherlands

Land Tenure

Freehold

Lettable floor area1 (SQM)

473

Description

Comprises an office building.

Year of construction / renovation

1905

Number of car park lots

None

Notes:

  1. Lettable floor area excludes car park space.