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.
Jachthavenweg 121, Amsterdam, The Netherlands
Perpetual leasehold (ground lease paid to May 2050)
12,538
Comprises an office building and car parks.
2001
111
Notes:
Reguliersdwarsstraat 50-64, Amsterdam, The Netherlands
Freehold
1,719
Comprises an office/retail building and car parks. This property has been identified to have potential for redevelopment.
1969
147
Notes:
Amstelplein 6 and 8, Amsterdam, The Netherlands
Freehold
24,796
Comprises an office building and car parks.
2002
241
Notes:
Haaksbergweg 3-73 (odd nos.), Amsterdam, The Netherlands
Perpetual leasehold (ground lease paid to January 2039)
8,722
Comprises an office building and car parks.
1991
207
Notes:
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.
Haaksbergweg 4-98 (even nos.), Amsterdam, The Netherlands
Perpetual leasehold (ground lease paid to November 2040)
21,000 (estimate)
Comprises an office building and car parks.
1993 / currently undergoing redevelopment, expected to be completed by December 2018
Over 200 (estimate)
Note:
Professor Bronkhorstlaan 4, 4A, 6, 8, 10A -10M, 12 - 20 and 26, Bilthoven, The Netherlands
Freehold
34,024 sqm (on land area of 415,799 sqm)
Comprises buildings, some of which are national monuments, amongst a rich greenery landscape. This property has been identified to have potential for redevelopment.
1933/2006
627
Notes:
Utrechtseweg 46 and 46a, Zeist, The Netherlands
Freehold
1,428
Comprises an office building and car parks.
1841
40
Notes:
Herengracht 21, The Hague, The Netherlands
Freehold
473
Comprises an office building.
1905
None
Notes: