Our Business
OUE C-REIT & FIRST REIT
OUE is the sponsor of OUE Commercial Real Estate Investment Trust, and manager of First Real Estate Investment Trust, established for the purpose of investing in income-producing hospitality and hospitality-related real estate, commercial assets in financial and business hubs, and healthcare and/or healthcare-related purposes.
OUE C-REIT’s property portfolio comprises seven properties across the commercial1 and hospitality segments in Singapore and Shanghai. With an aggregate net lettable area of more than 2.0 million sq ft of commercial1 space, and 1,640 upscale hotel rooms, its total asset size is approximately S$6.9 billion.
It has four Grade A office properties, which consist of OUE Bayfront, One Raffles Place (67.95% effective interest), and the office components of OUE Downtown, strategically located in Singapore’s central business district; as well as Lippo Plaza (91.2% strata interest), located within the prime commercial district of Huangpu in Puxi, Shanghai.
It also has two hotels, comprising the 1,077-room Mandarin Orchard Singapore and the 563-room Crowne Plaza Changi Airport, both of which are in prime tourist catchments in Singapore – namely, the Orchard Road shopping belt and the world-renowned Changi Airport, respectively.
In addition, OUE C-REIT has one retail property, Mandarin Gallery, a high-end retail mall situated within four levels of Mandarin Orchard Singapore.
1 Includes office and/or retail
First Real Estate Investment Trust (First REIT) is Singapore’s first healthcare real estate investment trust listed in 2006. It was established with the principal investment strategy of investing in a diversified portfolio of income-producing real estate and/or real estate-related assets in Asia that are primarily used for healthcare and/or healthcare-related purposes. Managed by Bowsprit Capital Corporation Limited, First REIT’s portfolio consists of high quality healthcare and healthcare-related properties with stable cash flows and long master lease terms with 100% committed occupancy across Indonesia, Singapore, and South Korea, namely 1) Siloam Hospitals Lippo Village, 2) Siloam Hospitals Kebon Jeruk, 3) Siloam Hospitals Surabaya, 4) Imperial Aryaduta Hotel & Country Club, 5) Mochtar Riady Comprehensive Cancer Centre, 6) Siloam Hospitals Lippo Cikarang, 7) Siloam Hospitals Manado & Hotel Aryaduta Manado, 8) Siloam Hospitals Makassar, 9) Siloam Hospitals Bali, 10) Siloam Hospitals TB Simatupang, 11) Siloam Hospitals Purwakarta, 12) Siloam Sriwijaya, 13) Siloam Hospitals Kupang & Lippo Plaza Kupang, 14) Siloam Hospitals Labuan Bajo, 15) Siloam Hospitals Buton & Lippo Plaza Buton, 16) Siloam Hospitals Yogyakarta, 17) Pacific Healthcare Nursing Home @ Bukit Merah, 18) Pacific Healthcare Nursing Home II @ Bukit Panjang, 19) The Lentor Residence and 20) Sarang Hospital.
On 26 October 2018, OUE Limited and OUE Lippo Healthcare Limited acquired a 60.0% and 40.0% stake, respectively, in Bowsprit Capital Corporation Limited, the manager of First REIT.
