Page 72-73 - ar2011

Portfolio Statements
As at 31 December 2011
GROUP
Description Tenure Term Remaining Committed
of Property of Land of Lease Term of Lease Location Existing Use Occupancy Rates At Valuation Percentage of Net Assets
2011 2010 2011 2010 2011 2010
% % $’000 $’000 % %
Investment properties – Ofce buildings
Singapore
Capital Tower Leasehold 99 years 83 years 168 Robinson Road Commercial 100.0 99.9 1,200,000 1,113,500 26.5 26.0
Six Battery Road Leasehold 999 years 813 years 6 Battery Road Commercial 85.4 99.7 1,178,000 1,115,000 26.0 26.1
HSBC Building Leasehold 999 years 838 years 21 Collyer Quay Commercial 100.0 100.0 378,500 345,800 8.3 8.1
One George Street Leasehold 99 years 90 years 1 George Street Commercial 93.3 100.0 947,600 914,300 20.9 21.4
3,704,100 3,488,600 81.7 81.6
Investment properties – Mixed use buildings
Singapore
Bugis Village Leasehold 99 years 77 years 62 to 67 Queen Street
151 to 166 Rochor Road Commercial 98.8 93.4 60,600 62,400 1.3 1.5
229 to 253 (odd numbers
only) Victoria Street
Wilkie Edge Leasehold 99 years 93 years 8 Wilkie Road Commercial 98.4 98.4 155,200 150,900 3.4 3.5
Rafes City 1 Leasehold 99 years 67 years 250 & 252 North Bridge
Road, 2 Stamford Road and
80 Bras Basah Road Commercial 98.9 99.1 1,699,800 1,615,800 37.4 37.8
1,915,600 1,829,100 42.1 42.8
Investment properties – Car park buildings
Singapore
Golden Shoe Car Park Leasehold 99 years 69 years 50 Market Street Transport facilities 100.0 95.2 110,100 109,100 2.4 2.6
Market Street Car Park 2 Leasehold 99 years N.A. 146 Market Street Transport facilities N.A. 100.0 N.A. 48,600 – 1.1
110,100 157,700 2.4 3.7
Investment properties, at valuation 5,729,800 5,475,400 126.2 128.1
Investment property under construction2, at valuation
Singapore
CapitaGreen Leasehold 99 years 61 years 138 Market Street Commercial N.A. N.A. 281,853 – 6.2 –
Other assets and liabilities (net) (1,470,257) (1,201,659) (32.4) (28.1)
Net assets 4,541,396 4,273,741 100.0 100.0
1 Representing the Group’s 60% interest in Rafes City.
2 Market Street Car Park was sold by the Trust to Market Street Ofce Trustee Pte. Ltd. in its capacity as Trustee-Manager of MSO Trust
(“MSO Trust”), a sub-trust formed to hold CapitaGreen on 16 June 2011, of which the Group has a 40% interest and classified under
“Investment property under construction”.
The accompanying notes form an integral part of these financial statements.
70 CapitaCommercial Trust Annual Report 2011 71