| Address |
391/391B Orchard Road. Singapore 238874
|
| Description
|
Ngee Ann City is a commercial complex with 18 levels of office space in the twin office tower blocks (Tower A and B) and a seven-storey podium with three basement levels comprising retail and car parking space. Starhill Global REIT's interest in Ngee Ann City comprises four strata lots representing 27.23% of the total share value of the strata lots in Ngee Ann City
|
| Prime location |
|
| Tenants |
|
| Positioning
|
A destination shopping mall with a wide appeal catering to the affluent, young and upwardly mobile, the family crowd and tourists
|
| Gross floor
area |
|
| Title &
tenure |
|
| Lease type |
|
| Year of completion
|
1993
|
| Committed
occupancy |
|
| Committed
occupancy |
Retail (100.0%) and Office (94.0%) as at 31 Dec 2009
|
| Strata area |
432,816 sq ft as at 31 Dec 2009
|
| Net lettable
area |
395,155 sq ft (Retail - 255,021 sq ft; Office - 140,134 sq ft) as at 31 Dec 2009
|
| Number of
tenants |
47 (as at 31 Dec 2009)
|
| Title |
Leasehold estate of 69 years, 4 months and 12 days commencing on 20 November 2002 and expiring on 31 March 2072
|
| Selected brands
of tenants |
- Louis Vuitton
- Chanel
- Burberry
|
| Valuation |
$902.4 million (as at 31 Dec 2009)
|
| Valuation* |
|
| Investment
story |
|
| Website |
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