OUE H-TRUST, OUE C-REIT & FIRST REIT

OUE Hospitality Trust (OUE H-TRUST) is a stapled group comprising OUE Hospitality Real Estate Investment Trust (OUE H-REIT) and OUE Hospitality Business Trust (OUE H-BT).

OUE H-REIT is a Singapore-based REIT established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for hospitality and/or hospitality-related purposes, whether wholly or partially, as well as real estate-related assets. Real estate which is used for “hospitality” purposes includes hotels, serviced residences, resorts and other lodging facilities, whether in existence by themselves
as a whole or as part of larger mixed-use developments, which may include commercial, entertainment, retail and leisure facilities. Properties which are used for “hospitality-related purposes” include retail and/or commercial assets which are either complementary to or adjoining hospitality assets which are owned by OUE H-REIT or which OUE H-REIT has committed to buy.

OUE H-BT, a Singapore-based business trust, is dormant.

OUE H-TRUST’s asset portfolio comprises two hotels – the 1,077-room Mandarin Orchard Singapore and the 563-room Crowne Plaza Changi Airport – and Mandarin Gallery, a high-end retail mall.

OUE Commercial Real Estate Investment Trust (OUE C-REIT) is a Singapore REIT established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real estate used primarily for commercial purposes (including real estate used primarily for office and/or retail purposes) in financial and business hubs within and outside of Singapore, as well as real estate-related assets.

OUE C-REIT’s asset portfolio comprises OUE Bayfront, One Raffles Place, Lippo Plaza and the office components of OUE Downtown. They are strategically located in the prime commercial districts of Singapore and Shanghai.

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.