OUE Commercial REIT - Annual Report 2021

One Raffles Place, comprising One Raffles Place Tower 1, One Raffles Place Tower 2, and One Raffles Place Shopping Mall, is an iconic integrated commercial development with Grade A building specifications, strategically located in the heart of Singapore’s CBD at Raffles Place. One Raffles Place Shopping Mall is the largest purpose-built shopping mall in Raffles Place. Situated above and with a direct underground link to the Raffles Place MRT interchange station through the basement of its retail podium, One Raffles Place enjoys excellent connectivity along the North-South and East-West MRT lines, as well as easy accessibility via an extensive underground network of pedestrian walkways within the Raffles Place and Marina Bay areas. One Raffles Place Tower 1 is certified Green Mark Gold by the BCA in Singapore, while One Raffles Place Tower 2 is certified Green Mark Platinum. Notes: 1 Based on OUB Centre Limited’s 81.54% interest in One Raffles Place 2 Based on OUB Centre Limited’s 81.54% interest in One Raffles Place and valuation carried out by Cushman & Wakefield VHS Pte Ltd as at 31 December 2021. Valuation was determined by Discounted Cash Flow Method, Capitalisation Approach and Comparable Sales Method. OUE C-REIT owns 83.33% of OUB Centre Limited 3 The purchase consideration comprises the purchase consideration of shares in Beacon Property Holdings Pte. Ltd. (“BPHPL”) and the repayment of shareholder’s loan extended by the vendor to BPHPL 4 By monthly gross rental income for December 2021 5 As at 31 December 2021 PROPERTY DESCRIPTION One Raffles Place comprises: • One Raffles Place Tower 1, a 62-storey Grade A office building with observation deck; • One Raffles Place Tower 2, a 38-storey Grade A office building completed in 2012; and • One Raffles Place Shopping Mall, a six-storey retail podium with direct underground link to the Raffles Place MRT Station TITLE One Raffles Place Tower 1: 841-year leasehold title commencing 1 November 1985 One Raffles Place Tower 2: 99-year leasehold title commencing 26 May 1983 One Raffles Place Shopping Mall: • approximately 75% of the retail podium NLA is on a 99-year leasehold title commencing 1 November 1985 • the balance 25% is on a 841-year leasehold title commencing 1 November 1985 GROSS FLOOR AREA 119,614.4 sq m (1,287,517 sq ft) NET LETTABLE AREA 5 Overall: 65,487.3 sq m (704,899 sq ft) Office: 56,255.6 sq m (605,529 sq ft) Retail: 9,231.8 sq m (99,370 sq ft)] MAJOR TENANTS • Virgin Active Singapore Pte. Ltd. • Regus • Spaces NUMBER OF TENANTS 5 199 NUMBER OF CARPARK LOTS 324 TRADE SECTOR BY GROSS RENTAL INCOME (For December 2021 and excluding retail turnover rent) % Banking, Insurance & Financial Services 29.8 Energy & Commodities 11.3 Accounting & Consultancy Services 10.8 Food & Beverage 10.2 IT, Media & Telecommunications 9.2 Services 8.9 Real Estate & Property Services 8.0 Manufacturing & Distribution 3.6 Legal 2.6 Maritime & Logistics 2.1 Retail 1.6 Others 1.4 Pharmaceuticals & Healthcare 0.5 41 A N N U A L R E P O R T 2 0 2 1