2017top
AUG Secured rental uplift for David Jones’ lease review in Perth with effect from August 2017
JUL Entered into S$700 million Facility Agreement to secure the Refinancing of Existing Loans
JUN Commencement of Plaza Arcade asset redevelopment
MAY Divestment of Harajyuku Secondo in Tokyo, Japan
APR Commencement of China Property asset redevelopment
2016top
SEP Commencement of Lot 10 asset redevelopment. Timed with the completion of the new MRT line
JUN Secured 5.5% rent increase for the master lease with Toshin in Ngee Ann City Property, effective for three years commencing 8 June 2016.
MAR Master tenancies for the Malaysia Properties extended for a three-year term commencing 28 June 2016, with a 6.67% rent increase
JAN Divestment of Roppongi Terzo in Tokyo, Japan
2015top
JUN YTL Group converted the remaining 20,334,750 convertible preferred units (CPUs) issued in June 2010 into 27,986,168 Units, raising its stake in Starhill Global REIT to 37.09%
MAY Starhill Global REIT MTN Pte Ltd issued S$125 million eight-year unsecured fixed rate notes at 3.4% coupon per annum due 2023 (Series 003 Notes) under its S$2 billion multicurrency MTN Programme, and the notes were assigned a "BBB+" rating by Standard & Poor's
MAY Completed the acquisition of Myer Centre Adelaide, Australia for A$288 million, expanding Starhill Global REIT's footprint in Australia from 7.1% to 16.3% by asset value
APR Entered into a facility agreement with the same banks to secure a five-year unsecured term loan facility to early refinance its existing JPY6.3 billion term loan in July 2015, ahead of maturity in September 2016
Apr SGREIT enters into a sale and purchase agreement to acquire Myer Centre Adelaide for A$288.0 million at 6.6% yield
2014top
Sep Refinanced existing RM330 million Senior MTN ahead of maturity at lower interest rate of approximately 4.75% p.a. and extended maturity to September 2019. The new Senior MTN has been assigned a final rating of AAA/Stable by RAM Rating Services Berhad
AUG Secured a 6.12% rental uplift for David Jones' lease review with effect from 1 August 2014
MAY Entered into an agreement with the same bank to extend the maturity date of its existing secured A$63 million term loan by two years to June 2019
Mar Divestment of Holon L in Tokyo, Japan
Mar Starhill Global REIT changed its financial year end from 31 December to 30 June
Feb Issued S$100 million seven-year unsecured fixed rate notes at 3.5% coupon per annum due 2021 under its MTN Programme
2013top
Jul Standard & Poor’s upgraded Starhill Global REIT to ‘BBB+’ from ‘BBB’, with a stable outlook
Jul The YTL Group converted 152,727,825 convertible preferred units issued on 28 June 2010 into 210,195,189 units, raising its stake to 36.27%
Jun Secured 6.7% rent increase for master lease with Toshin in Ngee Ann City Property, for a renewed 12-year period
Apr Starhill Global REIT's S$2 billion Multicurrency MTN Programme rating upgraded to "BBB" from "BBB-" by Standard & Poor's
Apr Entered into an agreement with a club of eight banks to refinance three-year unsecured term loan facilities of JPY7 billion and S$100 million, and five-year unsecured term loan and revolving credit facilities of S$500 million ahead of maturity in September 2013 and December 2013 respectively
Mar Completion of Plaza Arcade acquisition
Feb Secured 10% rent increase for the master lease with Toshin in Ngee Ann City Property
Feb Divestment of Roppongi Primo Property in Tokyo, Japan
Jan Proposed acquisition of Plaza Arcade in Perth, Australia, for A$48.0 million (S$61.0 million)
Jan Entered into an unsecured multicurrency revolving credit facility (RCF) agreement of up to S$55 million maturing in July 2014
2012top
Dec Wisma Atria Property attracted a high shopper traffic of 27 million in 2012
Dec Starhill Global REIT's property portfolio was valued at about S$2.7 billion
Nov Starhill Gallery hosted Asia's largest luxury watch and jewellery showcase, "A Journey Through Time VI", for the sixth consecutive year. Over 120 leading brands participated in the event (Rolex, Franck Muller, Mouawad, Richard Mille, Bedat & Co, Van Cleef & Arpels, Jaeger-LeCoultre, Omega, Carrera Y Carrera and Boucheron).
Sep H&M opened its first flagship store of about 36,000 sq ft in Lot 10 Property, Kuala Lumpur. CEO of H&M Mr Karl-Johan Persson officiated the opening ceremony.
Sep Wisma Atria was relaunched with its brand-new facelift and revamp. A two-day fashion event was held, featuring the best of international labels. A series of store official openings were also held. Tag Heuer's world's largest flagship boutique was officially opened by CEO of Tag Heuer, Mr Jean Christophe Babin and F1 driver, Mr Jenson Button.
Aug Entered into an agreement to refinance existing A$63 million (S$80.0 million) secured term loan facility ahead of maturity in January 2013, extending the maturity date to June 2017
Aug Court of Appeal gave directions for the determination of the prevailing market rent for the two-year period from 8 June 2011 under the master lease with Toshin in respect of Ngee Ann City Property
Jul Completed asset redevelopment works at Wisma Atria Property on schedule and achieved a return on investment of 12.8%, which is higher than the 8% initially projected. All street-fronting stores opened for business.
May Standard and Poor's reaffirmed Starhill Global REIT's "BBB" corporate rating with a stable outlook
May Popular international retailer, Debenhams, opened a new 37,000 sq ft store in Starhill Gallery, Kuala Lumpur
Apr Transfer of remaining 25% interest in YTL Starhill Global REIT Management Holdings Pte Ltd ("YSGRMH") by Pacific Star to a subsidiary of YTL Corporation Bhd
Apr Toshin submitted notice of intention to exercise the option to renew the master lease at Ngee Ann City Property for a further term of 12 years commencing 8 June 2013
Jan Entered into an unsecured multicurrency revolving credit facility agreement of up to S$65 million maturing in December 2013
2011top
Dec Wisma Atria Property attracted record shopper traffic of 29.3 million, surpassing the peak of 27.1 million in 2010
Dec Completion of facelift at Renhe Spring Zongbei Property in Chengdu, China
Dec Refinanced JPY1.5 billion of its JPY3.1 billion unsecured Japan bond facility ahead of its maturity in May 2012
Dec Starhill Gallery, Kuala Lumpur, was officially re-launched by Yang di-Pertuan Agong Duli Yang Maha Mulia Tuanku Mizan Zainal Abidin, in the company of Grammy Award winner, Julio Iglesias
Oct Entered into a facility agreement for secured term loan facilities of up to JPY13 billion
Sep Redevelopment work at Starhill Gallery completed
Jul Commencement of asset redevelopment works at Wisma Atria in July 2011 for a projected cost of approximately S$31 million
May Standard & Poor's affirmed "BBB" corporate family rating on Starhill Global REIT with a stable outlook
Apr Commencement of asset redevelopment works at Starhill Gallery, Kuala Lumpur, Malaysia
2010top
Sep Completed refinancing of S$570 million of secured debts with proceeds raised through the issuance of Series 001 Notes and secured facilities of S$496 million
Sep Euro186.2 million Series P1-AAA-001 Class AAA secured floating notes due March 2012 issued by Orion Prime Ltd were fully redeemed
Jul Entered into a facility agreement for secured term loan facilities of up to S$496 million (including a S$50 million revolving credit facility)
Jul Issued S$124 million 3.405% unsecured notes due 2015 (Series 001 Notes) under its MTN Programme
Jun Completion of acquisitions of Starhill Gallery and Lot 10 Property
Jun Starhill Global REIT unitholders approved the acquisition of Starhill Gallery and Lot 10 Property
May Starhill Global REIT's S$2 billion Multicurrency MTN Programme Rated "BBB" by Standard & Poor's
May The Manager and the Property Manager were renamed "YTL Starhill Global REIT Management Limited" and "YTL Starhill Global Property Management Pte. Ltd." respectively
May YTL Corporation increased its indirect stake in YTL Pacific Star REIT Management Holdings Pte Ltd ("YPSRMH") to 75% through the acquisition of 25% of the outstanding shares from Pacific Star Group. YPSRMH owns 100% of the Manager and the Property Manager.
May Moody's confirmed Orion Prime's CMBS "Aaa" rating
May Starhill Global REIT entered into Agreements in relation to the Acquisition of Starhill Gallery and Lot 10 Property
Apr Mr Ho Sing was appointed as Chief Executive Officer of the Manager
Apr Starhill Global REIT entered into Conditional Sale and Purchase Agreements for the Acquisition of Starhill Gallery and Lot 10 Property
Jan The acquisition of David Jones Building in Perth, Australia was completed at a purchase price of A$114.5 million, expanding Starhill Global REIT's portfolio to 11 assets located in Singapore, China, Japan and Australia, with a value of approximately S$2.1 billion
2009top
Dec Starhill Global ML K.K assumed the roles of master lessee and sub-lessor under the sub-lease agreements with the en tenants for the Japan portfolio to mitigate tenant concentration risks. Savills Japan K.K. also assumed the role of local property manager for the seven Japan properties
Nov Moody's Investors Service affirmed the "Baa2" corporate family rating and "Baa3" unsecured debt ratings of Starhill Global REIT with a stable outlook
Nov Starhill Global REIT entered into heads of agreement with Starhill REIT (a separate company listed on the Bursa Malaysia) to acquire its shareholding in Starhill Gallery and Lot 10. Both assets are located in the prime shopping district in Kuala Lumpur, Malaysia
Nov Starhill Global REIT proposed to acquire David Jones Building in Perth, Australia
Nov Standard & Poor's assigned "BBB" corporate family rating on Starhill Global REIT with a stable outlook
Oct Moody's Investors Service published a credit opinion affirming Starhill Global REIT's "Baa2" corporate family rating and "Baa3" senior unsecured rating with a stable outlook
Aug S$30.0 million secured revolving credit facility and S$20.9 million unsecured revolving credit facility were repaid using proceeds from the rights issue
Aug New rights units started trading, expanding Starhill Global REIT's unit base to about 1.9 billion units. The rights issue was 129.3% subscribed
Jul Unitholders approved Starhill Global REIT's 1-for-1 underwritten renounceable rights issue at an Extraordinary General Meeting
Jun Moody's Investors Service affirmed Starhill Global REIT's "Baa2" corporate family rating and "Baa3" senior unsecured rating following announced rights offering
Jun Traffic to Wisma Atria basement more than doubled with the re-opening of the linkway to Orchard MRT station
Jun Savills Japan K.K. was appointed as the local asset manager for the remaining properties in Starhill Global REIT's Japan properties located in prime locations in Tokyo (Holon L, Harajyuku Secondo, Roppongi Terzo, Roppongi Primo, Nakameguro and Daikanyama)
Apr Savills Japan K.K. was appointed as the local asset manager for Ebisu Fort in Tokyo
Mar Wisma Atria joined YTL Group in cross-border marking of Earth Hour as well as implemented a "bring-your-own shopping bag" initiative to heighten public awareness on climate change
2008top
Dec Macquarie Prime REIT was renamed Starhill Global REIT and Tan Sri Dato' (Dr) Francis Yeoh was appointed Executive Chairman of the Manager
Dec Official launch of the first Longines flagship store in Southeast Asia in Wisma Atria with brand ambassador Aaron Kwok gracing the occasion
Nov Nike opened its first duplex concept flagship store in Southeast Asia in Wisma Atria
Nov Fitch Ratings reaffirmed "AAA" rating for Orion Prime Ltd's EUR 186.2 million senior notes with stable outlook, supported by the strong quality of the two underlying Singapore properties, Wisma Atria and Ngee Ann City, which are given as security for the notes
Oct Moody's Investor Service affirmed Starhill Global REIT's "Baa2" corporate family rating and "Baa3" senior unsecured rating with stable outlook
Oct YTL announced its acquisition of 26% of Starhill Global REIT and 50% of the holding company of the Manager from Macquarie Group
Oct Strategic review was concluded as no firm offer was received for 100% of Starhill Global REIT units due to the increasingly challenging market environment and execution risks encountered, and in view of the principal-to-principal deal between YTL and Macquarie Group for its 26% stake in Starhill Global REIT
Sep Moody's Investor Services reassigned corporate family and unsecured ratings of Starhill Global REIT to "Baa2" and "Baa3" respectively with a stable outlook
Aug Starhill Global REIT refinanced loans of $220 million at competitive market rates with expiry in 2010
Aug Fitch Ratings and Moody's Investors Service reaffirmed respectively, the "AAA" and "Aaa" rating for EUR 186.2 million floating rate senior notes issued by Orion Prime Ltd
Aug Launch of branding of Level 5 in Ngee Ann City as "The Fifth - A Level Above Shopping"
Jun A 19.75% rent increase was secured for about 226,000 sq ft of retail space in Ngee Ann City for a period of three years
Jun The new beauty and wellness area opened on Level 5 of Ngee Ann City
Apr Starhill Global REIT announced receipt and review of a number of indicative proposals from third parties in relation to Starhill Global REIT
Mar Starhill Global REIT refinanced $220 million of short-term loans, extending the maturity of the facilities until end September 2008, to allow the strategic review to proceed with flexibility
Feb Starhill Global REIT commenced strategic review to consider both corporate and asset level strategies
Jan Moody's Investors Service assigned "Baa2" rating Starhill Global REIT's multi-currency Medium Term Note (MTN) Programme
Jan Starhill Global REIT Unitholders endorsed first S-Reit Unit Buy-back Scheme at an Extraordinary General Meeting (EGM)
Jan Starhill Global REIT established S$2 billion multicurrency Medium Term Note (MTN) Programme
2007top
Dec MMP REIT made submission to SGX-ST for Unit Buy-back Scheme
Sep Completion of acquisition of Ebisu Fort in Tokyo
Sep Lee Hwa Jewellery and Bakerzin launched first ever tie-up at Wisma Atria
Aug Completion of acquisition of 100% stake in retail property in Chengdu
Aug MMP REIT announced increase of stake in retail property in Chengdu from 50% to 100%
Jul Cotton On from Australia opened its first Asia store at Wisma Atria; along with other new retail concept stores
May Completion of acquisition of portfolio of six properties in Tokyo
May Moody's Investors Service affirmed "Baa1" corporate family rating with a stable outlook for MMP REIT
Apr MMP REIT announced acquisition of 50% stake in prime retail property in Chengdu
Apr MMP REIT announced acquisition of seven properties in Tokyo for S$182.5 million
2006top
Dec GAP opened flagship store in Wisma Atria, its first in Asia, outside Japan. New escalators next to the GAP flagship store were installed ahead of schedule to bring shopper traffic back to the mall's basement
Oct The Manager strengthened its investment and asset management team capabilities for regional expansion
Oct Launch of marketing campaign "Basement by Wisma Atria" following closure of Orchard MRT linkway to Wisma Atria on 30 September
Jul Wisma Atria was the only Singapore finalist in the prestigious 2006 MAXI Awards, the most coveted international retail marketing award in the shopping centre industry
Jul Mr Stephen Girdis appointed as Non-Executive Chairman
Jul MMP REIT assigned a first time corporate family rating 'Baa1' with a stable outlook by Moody's Investors Service
Jun Completion of merger between ERGO Trust and MEAG
Mar MEAG succeeds ERGO Trust as indirect shareholder in the Manager of MMP REIT
2005top
Sep Listing of MMP REIT. MEAG replaces ERGO Trust as indirect shareholder in the Manager of MMP REIT