2015
2016
2017
2018
2019
2020 +
25.0
0.0
5.0
10.0
15.0
30.0
20.0
%
WEIGHTED AVERAGE LEASE EXPIRY ("WALE")
AS AT 31 DECEMBER 2014
Warehousing
Light Industrial
Multi-Tenanted
Car Showroom
and Workshop
General Industrial
Single-Tenanted
Business Park
Logistics
21.5%
27.2%
30.6%
3.1%
1.7%
15.9%
Asset Class by Rental Income (2014)
No. of Properties
50
Property Value (S$ billion)
1.37
Total Portfolio GFA (million sq ft)
~8.4
Total Net Lettable Area (million sq ft)
~7.9
Portfolio Occupancy (%)
96.0
Total No. of Tenants
168
ACQUISITION OF VALUE-ENHANCING PROPERTIES
On 17 March 2014, we completed the acquisition of
30TebanGardens Crescent, a three-storey industrial building
with a single-storey factory cum car showroom and a new
two-storey annex block housing cum ancillary office for a
purchase consideration of S$41.0 million. With a total GFA
of approximately 139.525 sq ft, this property is leased to
EuroSports Auto Pte Ltd, for six years.
On 31 March 2014, we completed the acquisition of
11 Chang Charn Road, a six-storey purpose-built
warehouse cum light industrial building for a purchase
consideration of S$32.0 million. Located within the
prime Bukit Merah industrial precinct, this multi-tenanted
property is 10 minutes away from the Central Business
District. This property has a total GFA of approximately
97,542 sq ft.
The acquisition of 12 Ang Mo Kio Street 65 was completed
on 12 September 2014. The multi-tenanted six-storey
purpose-built light industrial building, with a total GFA of
approximately 180,424 sq ft, was acquired for a purchase
consideration of S$39.8 million. It is situated at the central-
northern part of Singapore and is easily accessible via the
Central Expressway and Seletar Expressway.
Our maiden foray into business park space was completed
on 19 December 2014. 16 International Business Park was
acquired for a purchase consideration of S$28.0
2
million.
Situated within the International Business Park in Jurong
East, Singapore’s pioneer business park, this three-storey
purpose-built building has a GFA of approximately 69,258
sq ft and is leased to M+W Singapore Pte Ltd, for 11.6 years
with options to renew for two consecutive five-year terms.
8.4%
13.6%
7.8%
10.9%
3.1%
4.9%
7.0%
7.2%
8.0%
10.5%
18.6%
2 Excludes land premium of approximately S$2.4 million payable by CIT
ASSET CLASS (BY RENTAL INCOME)
AS AT 31 DECEMBER 2014
CAMBRIDGE INDUSTRIAL TRUST | A WINNING FORMULA
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