Notice Of Valuation Of Real Assets :: Asset Valuation
January 18, 2021 at 09:34 pm IST
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Announcement Title
Notice of Valuation of Real Assets
Date & Time of Broadcast
Jan 18, 2021 23:56
Status
New
Announcement Sub Title
Asset Valuation
Announcement Reference
SG210118OTHRCFRL
Submitted By (Co./ Ind. Name)
Kelvin Chua
Designation
Company Secretary, OUE Commercial REIT Management Pte. Ltd. (as Manager of OUE Commercial REIT)
Description (Please provide a detailed description of the event in the box below)
Please see the attached document.
Additional Details
Valuation Details
Date of Valuation
Name of the Valuer
Description of Property
Valuation Currency
Valuation Amount
31/12/2020
Cushman & Wakefield VHS Pte Ltd
OUE Bayfront in Singapore - Please see the attached document for details of 3 properties
Singapore Dollar
1,181,000,000
31/12/2020
Savills Valuation and Professional Services (S) Pte Ltd
One Raffles Place in Singapore - Please see the attached document for details of 3 properties
Singapore Dollar
1,799,700,000
31/12/2020
Savills Valuation and Professional Services (S) Pte Ltd
OUE Downtown in Singapore - Please see the attached document for details of 2 properties
Singapore Dollar
900,000,000
31/12/2020
Savills Real Estate Valuation (Guangzhou) Ltd. Shanghai Branch
Lippo Plaza in Shanghai, China - Please see the attached document for details of the property
Yuan Renminbi
2,680,000,000
31/12/2020
Cushman & Wakefield VHS Pte Ltd
Mandarin Orchard Singapore - Please see the attached document for details of the property
Singapore Dollar
1,157,000,000
31/12/2020
Cushman & Wakefield VHS Pte Ltd
Mandarin Gallery - Please see the attached document for details of the property
Singapore Dollar
473,000,000
31/12/2020
Cushman & Wakefield VHS Pte Ltd
Crowne Plaza Changi Airport - Please see the attached document for details of the property
Singapore Dollar
468,500,000
Valuation of Reports available for inspection at address during office hours
333 Orchard Road, #33-01, Singapore 238867
Reports available till date
18/04/2021
Attachments
Attachment 1 (Size: 110,268 bytes)
Attachments
Original document
Permalink
Disclaimer
OUE Commercial Reit published this content on 18 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2021 16:03:04 UTC
OUE Real Estate Investment Trust, formerly OUE Commercial Real Estate Investment Trust, is a Singapore-based diversified real estate investment trust. The Company focuses on delivering stable distributions and providing sustainable long-term growth in return to holders of units (Unitholders) by investing in income-producing real estate used primarily for hospitality, retail and/or office purposes in financial and business hubs, as well as real estate-related assets. With six assets in Singapore and one in Shanghai, the property portfolio comprises about 1,655 upper upscale hotel rooms and approximately 2.2 million square feet of prime office and retail space. In Singapore, the Company owns two hotels, Hilton Singapore Orchard, and Crowne Plaza Changi Airport. The Company's office assets, such as OUE Bayfront, One Raffles Place and OUE Downtown Office, are situated within the Central Business District (CBD). The Company is managed by OUE REIT Management Pte. Ltd.
OUE REAL ESTATE INVESTMENT TRUST 
