Office Portfolio Sample Clauses

Office Portfolio. Xxx Xxxx XXXX’s office portfolio comprises The Tower Offices at Beijing Oriental Plaza and The Tower at Chongqing Metropolitan Oriental Plaza. Revenue was RMB547 million (2020: RMB562 million) and NPI was RMB396 million (2020: RMB403 million).
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Office Portfolio. With increased market uncertainty due to the pandemic and ongoing China-US trade tensions, many corporations continued to focus on cost containment and expansion plans were put on hold. Some struggling tenants even reneged on leases. Office leasing momentum was generally slow during the Reporting Period. Hui Xian REIT’s office portfolio comprises The Tower Offices at Beijing Oriental Plaza and The Tower at Chongqing Metropolitan Oriental Plaza. Revenue was RMB562 million (2019: RMB660 million) and NPI was RMB403 million (2019: RMB499 million)
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Office Portfolio. The Tower Offices at Beijing Oriental Plaza The Tower at Chongqing Metropolitan Oriental Plaza The Tower Offices at Beijing Oriental Plaza consists of eight towers, offering over 300,000 square metres of Grade A office space. It has a strong and diversified tenant base, which includes some of the leading multinational and domestic corporations, as well as government related bodies. Located in the heart of Jiefangbei Central Business District, The Tower at Chongqing Metropolitan Oriental Plaza is home to a number of consulates and multinational corporations from a wide range of sectors. THE TOWER OFFICES AT BEIJING ORIENTAL PLAZA
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Office Portfolio. Hui Xian REIT’s office portfolio has been materially impacted by the ongoing China-US trade war since 2019. The COVID-19 pandemic, which has disrupted the global supply chains and international trade, further exacerbated the vulnerability of the situation. During the lockdown, stringent restrictions halted most economic activities and citizens were not allowed to go to work. Even when offices and workplaces gradually reopened later, there were government restrictions on the area and number of staff that could be allowed to go back to the office to work. The economic uncertainty and the dampened operating environment severely impacted the leasing demand. Many companies have become extremely cost-conscious and have held off their expansion plans. There were also many cases of tenants scaling back or even reneging on leases. Moreover, COVID-19 has accelerated the adoption of “work from home”; this might have led to lower demand for office space in the long run. All these have affected office leasing prospects and further rental declines are expected. Hui Xian REIT’s office portfolio consists of: (i) The Tower Offices at Beijing Oriental Plaza, and (ii) The Tower at Chongqing Metropolitan Oriental Plaza. NPI was RMB403 million (2019: RMB499 million). Against a backdrop of economic uncertainty, a number of tenants at Beijing Oriental Plaza did not renew or requested to early terminate their leases during the Reporting Period. Further, corporations were extremely cost-cautious and had put their expansion plans on hold. As a result, leasing momentum was slow during the Reporting Period and occupancy rate was down to 84.5% (2019: 94.0%). Rental rates continued to be under pressure. Average monthly passing rent was RMB288 (2019: RMB297) per square metre. Newly committed rents were unavoidably lower resulting in negative reversion; and average monthly spot rent was RMB281 (2019: RMB323) per square metre.
Sample 1
Office Portfolio. During the first half of 2019, the ongoing China-US trade tensions and China’s slower economic growth created uncertainties, affecting the business sentiment and curtailing demands for office space in key Chinese cities. Many multinational and domestic corporations have become more cost- conscious and have held off their expansion plans or have downsized their office space.
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Office Portfolio. Due to the uncertainty in the global and China’s economic outlook, leasing demand for office space in key Chinese cities softened during the first half of 2019, putting pressure on occupancy and rental rates. Many multinational and domestic companies have become more cost- conscious and conservative in their expansion plans. Hui Xian REIT’s office portfolio comprises Xxx Xxxxx Xxxxxxx xx Xxxxxxx Xxxxxxxx Xxxxx and The Tower at Chongqing Metropolitan Oriental Plaza. Revenue was up by 3.0% year-on-year to RMB660 million. NPI increased 4.6% year-on-year to RMB499 million.
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Office Portfolio. Focused on Retaining Quality Tenants China’s office leasing market has been facing the challenge of weakening demand and oversupply. The ongoing trade disputes between China and Western countries, and the pandemic have exacerbated the challenges on the office leasing market. As business activities resumed gradually in 2021, China’s office leasing market began to show signs of stabilisation. However, many corporations remained cost-conscious and postponed their decisions on leasing new space. “Work-from- home or hybrid work model” becomes the new normal, affecting the underlying leasing demand for office space in the long run. Landlords had become more flexible in lease negotiations to avoid the risk of lengthy voids. Hui Xian REIT’s office portfolio consists of (i) The Tower Offices at Beijing Oriental Plaza, and (ii) The Tower at Chongqing Metropolitan Oriental Plaza. During the year, the NPI was RMB795 million (2020: RMB790 million). Vacancy rate in the Beijing office market continued to stay at a relatively high level of 15.0%1 in the fourth quarter of 2021. Downward pressure on rents continued. To maintain a stable income stream and improve the occupancy level, Xxx Xxxxx Xxxxxxx xx Xxxxxxx Xxxxxxxx Xxxxx focused on retaining existing quality tenants by offering competitive renewal packages. Average occupancy rate was 87.4% (2020: 85.2%); and average monthly passing rent was RMB269 (2020: RMB281) per square metre. Chongqing’s office leasing market was still at the stage of adjustment. The city’s office vacancy rate was at a high level of 27.0%2 in the fourth quarter of 2021. At The Tower at Chongqing Metropolitan Oriental Plaza, average occupancy rate was 83.8% (2020: 87.4%). Average monthly passing rent was RMB100 (2020: RMB103) per square metre. Sources:
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Office Portfolio. Hui Xian REIT’s office portfolio consists of (i) Xxx Xxxxx Xxxxxxx xx Xxxxxxx Xxxxxxxx Xxxxx and (ii) The Tower at Chongqing Metropolitan Oriental Plaza. Revenue was RMB1,101 million (2020: RMB1,111 million) and NPI was RMB795 million (2020: RMB790 million).
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Related to Office Portfolio

  • Portfolio The portfolio is due by the end of the 12th week.

  • New Portfolio The Trust hereby authorizes MID to participate in the distribution of Class B shares of the following new portfolio ("New Portfolio") on the terms and conditions contained in the Agreement: Lazard Mid-Cap Portfolio

  • Investment Portfolio All investment securities held by Seller or its Subsidiaries, as reflected in the consolidated balance sheets of Seller included in the Seller Financial Statements, are carried in accordance with GAAP, specifically including but not limited to, FAS 115.

  • New Portfolios a. Effective April 12, 2021, the following Portfolio is hereby added to the Agreement on the terms and conditions contained in the Agreement: • EQ/Core Plus Bond Portfolio

  • Loan Portfolio (1) Except as set forth in Section 2.2(w)(1) of the Company Disclosure Schedule, as of the date hereof, none of the Company, the Bank or any Subsidiary is a party to (A) any written or oral loan, loan agreement, note or borrowing arrangement (including leases, credit enhancements, commitments, guarantees and interest-bearing assets) (collectively, “Loans”), other than any Loan the unpaid principal balance of which does not exceed $50,000, under the terms of which the obligor was, as of March 31, 2010, over 90 days delinquent in payment of principal or interest or in default of any other provision, or (B) Loan in excess of $50,000 with any director, executive officer or five percent or greater shareholder of the Company, the Bank or any Subsidiary, or to the knowledge of the Company, any person, corporation or enterprise controlling, controlled by or under common control with any of the foregoing. Section 2.2(w) of the Company Disclosure Schedule sets forth (x) all of the Loans in original principal amount in excess of $50,000 of the Company, the Bank or any of the Subsidiaries that as of March 31, 2010 were classified by the Company or the Bank or any regulatory examiner as “Other Loans Specially Mentioned,” “Special Mention,” “Substandard,” “Doubtful,” “Loss,” “Classified,” “Criticized,” “Credit Risk Assets,” “Concerned Loans,” “Watch List” or words of similar import, together with the principal amount of and accrued and unpaid interest on each such Loan as of March 31, 2010 and the identity of the borrower thereunder, (y) by category of Loan (i.e., commercial, consumer, etc.), all of the other Loans of the Company, the Bank and the Subsidiaries that as of March 31, 2010 were classified as such, together with the aggregate principal amount of and accrued and unpaid interest on such Loans by category as of March 31, 2010 and (z) each asset of the Company or the Bank that as of March 31, 2010 was classified as “Other Real Estate Owned” and the book value thereof.

  • LOAN PORTFOLIO MANAGEMENT (1) The Board shall, within ninety (90) days, develop, implement, and thereafter ensure Bank adherence to a written program to improve the Bank's loan portfolio management. The program shall include, but not be limited to:

  • Disclosure about Portfolio Manager The Portfolio Manager has reviewed the post-effective amendment to the Registration Statement for the Trust filed with the SEC that contains disclosure about the Portfolio Manager, and represents and warrants that, with respect to the disclosure about or information relating, directly or indirectly, to the Portfolio Manager, to the Portfolio Manager’s knowledge, such Registration Statement contains, as of the date hereof, no untrue statement of any material fact and does not omit any statement of a material fact which was required to be stated therein or necessary to make the statements contained therein not misleading. The Portfolio Manager further represents and warrants that it is a duly registered investment adviser under the Advisers Act, or alternatively that it is not required to be a registered investment adviser under the Advisers Act to perform the duties described in this Agreement, and that it is a duly registered investment adviser in all states in which the Portfolio Manager is required to be registered and will maintain such registration so long as this Agreement remains in effect. The Portfolio Manager will provide the Manager with a copy of the Portfolio Manager’s Form ADV, Part II at the time the Form ADV and any amendment is filed with the SEC, and a copy of its written code of ethics complying with the requirements of Rule 17j-1 under the 1940 Act, together with evidence of its adoption.

  • Whole Loan Each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan.

  • Real Estate All real property at any time owned or leased (as lessee or sublessee) by the Borrower or any of its Subsidiaries.

  • Portfolios The Target Portfolio and Acquiring Portfolio covenant and agree to dispose of certain assets prior to the Closing Date, but only if and to the extent necessary, so that at Closing, when the Assets are added to the Acquiring Portfolio’s portfolio, the resulting portfolio will meet the Acquiring Portfolio’s investment objective, policies and restrictions, as set forth in the Acquiring Portfolio’s Prospectus, a copy of which has been delivered to the Target Portfolio. Notwithstanding the foregoing, nothing herein will require the Target Portfolio to dispose of any portion of the Assets if, in the reasonable judgment of the Target Portfolio’s Directors or investment adviser, such disposition would create more than an insignificant risk that the Reorganization would not be treated as a “reorganization” described in Section 368(a) of the Code.

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