OUE Commercial REIT - Annual Report 2021

% Banking, Insurance & Financial Services 47.4 Legal 17.1 Energy & Commodities 14.1 Real Estate & Property Services 7.6 IT, Media & Telecommunications 5.0 Manufacturing & Distribution 4.6 Food & Beverage 3.2 Maritime & Logistics 0.4 Retail 0.4 Services 0.2 OUE Bayfront is a landmark commercial development completed in 2011. An 18-storey premium Grade A office building commanding panoramic views of Marina Bay, it is strategically located at Collyer Quay in Singapore’s CBD, between the established financial hub of Raffles Place and Marina Bay downtown. OUE Bayfront enjoys superb connectivity and accessibility to major transport networks. Other than easy access to Raffles Place and Telok Ayer Mass Rapid Transit (“MRT”) Stations, the Downtown MRT Station is also within walking distance via an underground pedestrian linkway. OUE Bayfront is certified with the Green Mark Gold Award by the Building and Construction Authority (“BCA”) in Singapore. On 31 March 2021, OUE C-REIT divested OUE Bayfront to BPH PropCo LLP, a joint venture between OUE C-REIT and ACRE Angsana Pte. Ltd., a special purpose vehicle managed by Allianz Real Estate Asia Pacific Pte. Ltd.. OUE C-REIT has a 50% interest in BPH PropCo LLP. Notes: 1 Based on OUE C-REIT’s 100% interest from 1 January 2021 to 31 March 2021 and BPH PropCo LLP’s 100% interest from 1 April 2021 to 31 December 2021 2 Based on BPH PropCo LLP’s 100% interest in OUE Bayfront and valuation carried out by Savills Valuation and Professional Services (S) Pte Ltd as at 31 December 2021. Valuation was determined by Income Capitalisation Method, Discounted Cash Flow Analysis and Direct Comparison Method 3 By monthly gross rental income for December 2021 4 As at 31 December 2021 5 A premium of 7.3% over the book value of S$1,181.0 million as at 31 December 2020 PROPERTY DESCRIPTION: OUE Bayfront comprises: • OUE Bayfront, an 18-storey Grade A office building; • OUE Tower, a conserved tower building with panoramic views of the Marina Bay landscape currently occupied by a fine dining restaurant; and • OUE Link, an overhead pedestrian link bridge with retail units TITLE OUE Bayfront & OUE Tower: 99-year leasehold title commencing 12 November 2007 OUE Link: 15-year leasehold title commencing 26 March 2010 Underpass: 99-year leasehold title commencing 7 January 2002 GROSS FLOOR AREA 46,774.6 sq m (503,482 sq ft) NET LETTABLE AREA 4 Overall: 37,154.6 sq m (399,933 sq ft) Office: 35,191.5 sq m (378,801 sq ft) Retail: 1,963.1 sq m (21,132 sq ft) MAJOR TENANTS • Bank of America Merrill Lynch • Allen & Overy LLP • Aramco Asia Singapore Pte. Ltd. NUMBER OF TENANTS 4 48 NUMBER OF CARPARK LOTS 245 TRADE SECTOR BY GROSS RENTAL INCOME (For December 2021 and excluding retail turnover rent) 39 A N N U A L R E P O R T 2 0 2 1