For Immediate Release
Alexandra Retail Centre (“ARC”) at PSA Building to commence operations on 15 December 2011 New retail centre positioned to enliven the Alexandra Precinct Singapore, 14 December 2011 – Alexandra Retail Centre (“ARC”) will open its doors to the public on Thursday, 15th December 2011. With a net lettable area of approximately 89,600 square feet, ARC will provide amenities and convenience shopping for the working population in the Alexandra Precinct, estimated to be over 50,000 when Mapletree Business City is fully occupied, as well as the over 55,000 households in the Alexandra, Redhill and Telok Blangah areas. ARC takes up the first three levels of PSA Building which is situated at the junction of Alexandra Road and Pasir Panjang Road. It is well served by public transport and is linked by a sheltered pedestrian overhead bridge to the newly opened Labrador Park MRT Station. ARC’s connectivity is supplemented by ample parking space, with over 700 carpark lots at PSA Building plus a further 2000 carpark lots at Mapletree Business City and The Comtech. ARC was constructed from the podium space of PSA Building and was part of an extensive asset enhancement initiative to upgrade the building and enliven the Alexandra Precinct. The other part of the works at PSA Building was to create an exclusive office lobby and drop-off for tenants and included the upgrade of the mechanical and electrical systems as well as the building’s façade. Ms Amy Ng, Chief Executive Officer of Mapletree Commercial Trust Management Ltd., said, “In order to offer greater convenience and comfort to our office tenants and our neighbours, we have
The joint global coordinators for the IPO in April 2011 were Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., Deutsche Bank AG, Singapore Branch and Goldman Sachs (Singapore) Pte.. The joint bookrunners, issue managers and underwriters of the IPO were Citigroup Global Markets Singapore Pte. Ltd., CIMB Bank Berhad, Singapore Branch, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch and Goldman Sachs (Singapore) Pte..
Mapletree Commercial Trust Management Ltd. 10 Pasir Panjang Road, #13-01 Mapletree Business City, Singapore 117438 tel 65 6377 6111 fax 65 6376 2168 www.mapletreecommercialtrust.com.sg Co. Reg. No. 200708826C
brought forward the opening of ARC to allow the use of the sheltered link through ARC to PSA Building and the other buildings in the Alexandra area. ARC’s F&B and retail outlets will be opened progressively to serve the working and residential population in the surrounding locale. By providing ample F&B options and convenience shopping, ARC will augment Alexandra Precinct’s status as a fully serviced commercial hub.” ARC will house a variety of food and beverage (“F&B”) offerings and convenience shopping outlets as well as enrichment and learning centres. Aside from having FairPrice and McDonald’s as anchor tenants, ARC have F&B outlets ranging from fast food to seafood restaurants and from cafes to wine bars, as well as retail outlets, ranging from supermarkets and pharmacies to fashion and lifestyle. The list of F&B and retail outlets that will open for business in December 2011 is set out in Appendix A. The remaining tenants at ARC will open progressively from January 2012.
About Alexandra Retail Centre (ARC) Located within the redeveloped podium of the PSA Building in Alexandra Precinct, the Alexandra Retail Centre (ARC) will offer amenities and convenience shopping to the working population as well as residents in the vicinity. With a net lettable area of approximately 89,600 square feet, the three-storey retail centre houses a varied mix of food and beverage, supermarket, lifestyle, services and retail tenants. ARC is easily accessible by major expressways and the Labrador Park MRT Station on the newly opened Circle Line. It was also awarded the Building & Construction Authority of Singapore Green Mark Gold Certification in 2010 for its eco-friendly features.
About Mapletree Commercial Trust MCT is a Singapore-focused REIT that invests on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, whether wholly or partially, in Singapore, as well as real estate related assets. MCT’s portfolio comprises VivoCity, Bank of America Merrill Lynch HarbourFront and PSA Building, 2
which are located in the heart of Singapore’s Southern Corridor. These three assets have a total Net Lettable Area (“NLA”) of 1.8 million square feet and are valued at S$2.8 billion1 in aggregate as at 30 November 2010. For more information, please visit www.mapletreecommercialtrust.com.sg. About the Manager – Mapletree Commercial Trust Management Ltd. MCT is managed by Mapletree Commercial Trust Management Ltd., a wholly-owned subsidiary of Mapletree Investments Pte Ltd. The Manager’s main responsibility is to manage MCT’s assets and liabilities for the benefit of Unitholders. The Manager is also responsible for setting the strategic direction of MCT on the acquisition, divestment and/or enhancement of assets of MCT in accordance with its stated investment strategy. Some of the key financial objectives of the Manager are to provide Unitholders of MCT with an attractive rate of return on their investment through regular and stable distributions and to achieve long-term growth in DPU and NAV per Unit, while maintaining an appropriate capital structure for MCT. About the Sponsor – Mapletree Investments Pte Ltd Mapletree Investments Pte Ltd (“MIPL”) is a leading Asia-focused real estate development, investment and capital management company headquartered in Singapore. Its strategic focus is to invest in markets and real estate sectors with good growth potential in Asia. With its successful precinct rejuvenation strategy and award-winning development capabilities, MIPL has established a track record of delivering consistent and high returns from across various real estate classes in Asia. As at 30 September 2011, MIPL and its subsidiaries (the “Mapletree Group”) own and manage S$18.7 billion of office, logistics, industrial, residential and retail/lifestyle properties. It has sponsored three Singapore-listed real estate investment trusts (“REITs”) and three private equity real estate funds which together hold a diverse portfolio of assets in Singapore and across Asia. The Mapletree Group has also established an extensive network of offices in Singapore, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam to support its growth across the region.
The valuation is based on the higher of the appraised values by the two independent valuers, CB Richard Ellis (Pte) Ltd and DTZ Debenham Tie Leung (SEA) Pte Ltd, as disclosed in MCT’s IPO Prospectus dated 18 April 2011, 3
IMPORTANT NOTICE This release is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in MCT (“Units”). The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. The past performance of MCT is not necessarily indicative of its future performance. This release may also contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, including employee wages, benefits and training, property expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of the management on future events.
For further information, please contact: Mapletree Commercial Trust Management Ltd. Koh Wee Leong Investor Relations Tel: +65 6659 3461 Email: [email protected]
Appendix A Retail and F&B Outlets at ARC Opening in December 2011 Beauty/Health/Wellness
ARC of Life Chiropractic
Fullerton Healthcare @ Gethin Jones
Enrichment & Education
Supermarket & Specialties
Berries World of Learning School
Cristofori Music School
Fashion & Accessories MilaBear (Kids’ wear)
Books & Hobbies #02-01
Food & Beverages BBQ Chicken
Fresh Healthy Café
Great Vines Bar & Bistro
ROOM coffee bar
Spinelli Coffee Company
Sugar n’ Spice
The Soup Spoon
Information is accurate at time of print, 14 December 2011