Information on the Property. (a) The Property is a freehold land with an area measuring 1.7654 hectares together with the plymill factory erected thereon situated at GM 000, Xxx 000, Xxxxx xx Xxxxx, Xxxxxxxx xx Xxxxx, Xxxxxxxx Darul Ehsan.
Information on the Property. The Property is a landmark commercial development strategically located between the Marina Bay financial district and the established financial hub of Raffles Place. The Property comprises OUE Bayfront, a premium office building, and its complementary properties with retail facilities, OUE Tower and OUE Link. Completed in 2011, OUE Bayfront is an office building in Singapore’s central business district (“CBD”) with 18 floors of premium Grade A commercial space, commanding panoramic views of Marina Bay. Accorded heritage conservation status for its historical significance, OUE Tower houses the only waterfront revolving restaurant in Singapore. Across the open plaza of OUE Bayfront is OUE Link, an air-conditioned overhead pedestrian bridge with retail shops commanding double frontages, providing convenient and sheltered access to the Raffles Place area. OUE Bayfront enjoys superb connectivity and accessibility to major transport networks. Other than easy access to the Raffles Place and Telok Ayer Mass Rapid Transit (“MRT”) stations, the Downtown MRT station is also within walking distance via an underground pedestrian walkway. The property is also a short drive away to major expressways, providing enhanced connectivity to other parts of Singapore. OUE Bayfront has been awarded the Green Xxxx Xxxx Award by the Building and Construction Authority in Singapore. Xxxxxxx & Xxxxxxxxx VHS Pte Ltd (the “Independent Valuer”) has been commissioned by the Manager and the Trustee to value the Property for OUE C-REIT. The valuation of the Property as at 31 December 2020 conducted by the Independent Valuer is S$1,181.0 million. In arriving at its valuation, the Independent Valuer used the discounted cash flow method, capitalisation approach and comparison method.
Information on the Property. The Property, which is the subject of the transaction under the Agreement (the “Transaction”), is currently vacant. Under the conditions of the land grant, the Property is for office use. The Company has appointed an independent valuer, namely, DTZ Debeham Tie Xxxxx Limited (“DTZ”), to assess the value of the Property. DTZ stated in its valuation report dated 7th September, 2004 that it was of the opinion that the Property had an open market value of HK$57 million.
Information on the Property. The Property has a site area of approximately 44,273 sq ft. Approval has been obtained to construct a 4 storey commercial building with 2 basement levels on the site with an approved maximum gross floor area of approximately 132,967 sq ft. The Building is planned to be physically joined to Northpoint. The Building is currently expected to have approximately 83,100 sq ft of net lettable area (“NLA”) when completed, of which approximately 21,528 sq ft will be leased to the National Library Board. The Building is undergoing construction and is expected to obtain temporary occupation permit in the second half of 2008.
Information on the Property. The Property, a piece of land registered in the Land Registry as Chai Wan Inland Lot No. 88, is located at Xx. 000 Xxxx Xxx Xxxx, Xxxx Xxx, and has a site area of approximately 102,420 square feet. The Property has been rezoned and designated as a Comprehensive Development Area and Open Space under the current Approved Chai Wan Outline Zoning Plan No. S/H20/21. Planning Approval has been obtained from the Town Planning Board to redevelop the site of the Property, together with certain adjoining land, into a residential and commercial complex, comprising three residential towers, with shops, a covered public transport terminus and a public open space subject to a number of planning conditions. Under the existing Government Lease of the Property, the use of the Property is restricted to industrial purposes and/or godown purposes and/or a bus depot and/or the maintenance, servicing and repairing of buses or other motor vehicles and/or building contractor’s yard, timber yard, or repair yard for motor vehicles and/or open storage. Pursuant to the Shareholders' Agreement, Bright Faith shall, after the Shareholders’ Approval has been obtained, be responsible for co-coordinating the planning and the implementation of the redevelopment of the Property, including:-
Information on the Property. The Property, being the whole of Lot 4406A of Mukim 23 together with the building erected thereon, held under Certificate (SUB) Volume 458 Folio 196, bearing the address 00 Xxx Xxxxxx 0 Xxxxxxxxx 000000, has a gross floor area of approximately 167,692 square feet with a leasehold tenure of 60 years commencing 1 January 1990.
Information on the Property. The Property is located at Princess Court, Queensway, London, the United Kingdom and was acquired by the Seller as an investment of the Company in the United Kingdom. The book value of the Property as at 31 December 2012 as shown in the audited financial statements of the Company for the year ended 31 December 2012 was GBP8,800,000. The net profits (both before and after taxation and extraordinary items, and excluding revaluation surplus or loss) in the form of rental income attributable to the Property for the financial year ended 31 December 2011 amounted to HK$5,617,000 and HK$4,604,000, respectively, and those for the financial year ended 31 December 2012 amounted to HK$5,216,000 and HK$4,281,000, respectively.
Information on the Property. The Property is situated at Xxx Xx. 0000, Xxxxx Xxxxxxxx, Xxxxxx Xxxxxx, Xxxxx Langkawi held under Xxxxx XX 102, measuring approximately 6.933 acres (2.8059 hectares). The Property is currently free of encumbrances. As per the land title, the category of the land use is agricultural and the land is currently vacant and idle. Application has been made in May 2013 by the Vendor to convert the land into commercial use. On 1st November 2012, the Vendor via its nominee company has obtained Planning Permission from Majlis Perbandaran Langkawi to develop part of the land into 39 units of serviced villas (“Phase I”). Phase 1 and the infrastructure will take up about 5.3 acres of the Property. The remaining land will be development under Phase II, which is yet to be determined at this juncture. The Planning Permission for Phase I is valid till 14 August 2013 and the Vendor has submitted its application to renew the Planning Permission. Page1 The proposed development on the Property is still preliminary at this juncture and is subject to LD’s assessment and modification if necessary. Based on the original projection, the gross development value for Phase I is about RM50 million. Should the approval for land conversion is granted in 2013, the project is expected to commence in year 2014/2015 and be completed within 3 years from commencement date.
Information on the Property. The Property comprises the hotel known as Oasia Hotel Downtown. The Property is part of a 27-storey hotel-cum-office development located at 000 Xxxx Xxxx Street, Singapore 079333. The Property is located within the downtown Tanjong Pagar area, which has a hive of business, commercial and residential activities. It is within walking distance of the Tanjong Pagar MRT station as well as numerous prominent office buildings. The development comprises car parks on the 4th and 5th storeys, offices on the 6th to 11th storeys and the hotel on the 12th to 27th storeys. The office component, which is not part of the Acquisition, is known as PS100. The hotel has a total of 314 modern and well-equipped guest rooms which occupy the 13th to the 20th storeys, and club rooms and suites on the 22nd to 25th storeys of the building. Facilities provided within the hotel include an all-day dining restaurant and a bar on the first storey; two meeting rooms, a 24-hour gymnasium and sky terrace on the 12th storey; a club lounge, an infinity pool and skyline pavilion on the 21st storey for the exclusive use of club guests; and two rooftop pools, a roof terrace and a restaurant on the 27th storey. Far East Hospitality Management (S) Pte. Ltd., a subsidiary of Far East Orchard Limited (“FEOR”), has been engaged by the Master Lessee to operate the Property under a hotel management agreement.
Information on the Property. The Property is located at the Battersea Power Station site in London, United Kingdom (“UK”) and is a freehold land, held under title numbers TGL183574, TGL160633, TGL171520, TGL196480, 233558, TGL115204, SGL102320 and TGL115737. The Property is situated in front of the River Thames between Chelsea Bridge to the west and Vauxhall Bridge a little further to the east, measuring 39.1 acres in total. The Property used to be the Battersea Power Station that was decommissioned in 1983 but since then the Property has changed owners and development plans several times, and in December 2011 it was put into receivership and administration by its lenders. The Property will be acquired on an “as is where is basis” and free from all encumbrances but subject to the conditions and restrictions in documents registered against the titles to the Property. These take the form of third party rights (usually benefiting neighbouring owners or utility companies). These restrictions and third party rights appear to be relatively few for such a large development site in Central London and have been taken into account in the appraisal of the proposed development. Certain restrictions/third party rights will need to be renegotiated with the beneficiary of the rights so that they do not inhibit the proposed development plans while others may need to be compensated for.
