3Q2022 Business Update
9 November 2022
Joint Sponsors of IREIT Global:
Important Notice
This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events. The information contained in this presentation has not been independently verified. No representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither IREIT Global Group Pte. Ltd. (the "Manager") or any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation. The past performance of IREIT Global ("IREIT") is not indicative of the future performance of IREIT. Similarly, the past performance of the Manager is not indicative of the future performance of the Manager. The value of units in IREIT ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that unitholders of IREIT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units.
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Agenda
About IREIT Global | 4 |
Key Updates | 7 |
Capital and Currency Management | 12 |
Market Review | 14 |
Looking Ahead | 17 |
3
About
IREIT Global
Berlin Campus
4
About IREIT Global
First Singapore-listed REIT with Europe-focused Mandate
Investment | Income-producing real estate in Europe which are used primarily for | |
Mandate | office, retail and industrial (including logistics) purposes | |
Portfolio | 37 freehold properties: 5 office properties in Germany, 5 office | |
properties in Spain and 27 retail properties in France, with a total | ||
lettable area of c.384,000 sqm and valuation of c.€1.0bn (1) | ||
Manager | IREIT Global Group Pte. Ltd., which is jointly owned by Tikehau Capital | |
and City Developments Limited ("CDL"). Tikehau Capital is a global | ||
alternative asset management group listed in France, while CDL is a | ||
leading global real estate company listed in Singapore | ||
Distribution | At least 90% of annual distributable income; distributions to be made on | |
Policy | a semi-annual basis | |
Dual Currency | Units quoted in S$ (SGX Code: UD1U) and € (8U7U). Investors are free to | |
Trading | buy in one currency counter and sell in the other currency counter. | |
(1) Based on fair valuation as at 30 Jun 2022 |
Spain
17%
Valuation by Geography (1)
France
13%
Retail
13%
€1.0bn
Office
87%
Germany
70%
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Disclaimer
IREIT Global published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 08:41:05 UTC.