Positive rental uplifts recorded by all markets except Greater China
Successful renewal of major leases at Bank of America HarbourFront ("BOAHF"), Festival Walk,
Gateway Plaza and MBC adds to portfolio resilience
Bank of America
Festival Walk
HarbourFront
Gateway Plaza
Mapletree Business City
6
Overview
Performance
Sustainability
Governance
Financials
VivoCity
FY22/23 tenant sales set new record at over
S$1 billion,
well surpassing pre-COVID levels
Level 1 AEI completed in May 2023, set
to deliver over 20% of return on investment1
Festival Walk
Navigated COVID-19 obstacles to deliver
16.0% and
9.3% year-on- year ("yoy") growth in shopper traffic and tenant sales, respectively
Achieved close to full committed occupancy
Fostering resilience through prudent capital management
Established S$5.0 billion Euro Medium Term Securities Programme to broaden funding pool
Maintained sufficient liquidity with approximatelyS$1.6 billion of cash and undrawn committed bank facilities
Active engagement with stakeholders
Engaged over
Close to
400 fund managers,
400 Unitholders
institutional investors and
participated in the Extraordinary
analysts during the year
General Meeting ("EGM")
and Annual General Meeting
("AGM") in FY22/23
More than
41,000 followers on Instagram accounts of VivoCity and Festival Walk
Committed to making a positive impact
Initiating efforts to decarbonise our operations to achieve "net zero by 2050"
Approximately 85% of portfolio (by lettable area) have achieved good to
excellent green certifications, with plans for the entire portfolio to be green- certified by FY24/25
1 Based on revenue on a stabilised basis and capital expenditure of approximately S$10 million.
7
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Mapletree Pan Asia Commercial Trust published this content on 03 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2023 07:20:44 UTC.
Mapletree Pan Asia Commercial Trust is a Singapore-based real estate investment trust. The Company's principal investment objective is to invest on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, as well as real estate-related assets, in the markets of Asia, including but not limited to Singapore, China, Hong Kong, Japan and South Korea. The Company's portfolio comprises approximately 18 commercial properties across five markets of Asia, including five in Singapore, one in Hong Kong, two in China, nine in Japan and one in South Korea. Its portfolio consists of office, industrial, logistics, residential, retail, multifamily/serviced apartment, student accommodation, and mixed-use. Its Singapore properties include VivoCity, Mapletree Business City, mTower, Mapletree Anson and Bank of America HarbourFront. The Company is managed by MPACT Management Ltd (the Manager).
MAPLETREE PAN ASIA COMMERCIAL TRUST 
