OUE C-REIT & FIRST REIT

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.