Notice Of Valuation Of Real Assets :: Asset Valuation
February 16, 2022 at 06:16 am EST
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Announcement Title
Notice of Valuation of Real Assets
Date & Time of Broadcast
Feb 16, 2022 19:02
Status
New
Announcement Sub Title
Asset Valuation
Announcement Reference
SG220216OTHRX3MO
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
31/12/2021
Cushman & Wakefield VHS Pte Ltd
One Raffles Place in Singapore - Please see the attached document for details of 3 properties.
Singapore Dollar
1,867,700,000
31/12/2021
Cushman & Wakefield VHS Pte Ltd
One Downtown in Singapore - Please see the attached document for details of 2 properties.
Singapore Dollar
902,000,000
31/12/2021
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
2,681,000,000
31/12/2021
Savills Valuation and Professional Services (S) Pte Ltd
Mandarin Orchard Singapore - Please see the attached document for details of the property.
Singapore Dollar
1,130,000,000
31/12/2021
Savills Valuation and Professional Services (S) Pte Ltd
Mandarin Gallery - Please see the attached document for details of the property.
Singapore Dollar
453,900,000
31/12/2021
Savills Valuation and Professional Services (S) Pte Ltd
Crowne Plaza Changi Airport - Please see the attached document for details of the property.
Singapore Dollar
455,200,000
31/12/2021
Savills Valuation and Professional Services (S) Pte Ltd
OUE Bayfront in Singapore - Please see the attached document for details of 3 properties.
Singapore Dollar
1,270,000,000
Valuation of Reports available for inspection at address during office hours
333 Orchard Road, #33-01, Singapore 238867
Reports available till date
16/05/2022
Attachments
Attachment 1 (Size: 110,274 bytes)
Attachments
Original Link
Original Document
Permalink
Disclaimer
OUE Commercial Reit published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 11:14:59 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 
