Information on the Property. The Property is situated at Xxx Xx. 0000, Xxxxx Xxxxxxxx, Xxxxxx Xxxxxx, Xxxxx Langkawi held under Xxxxx XX 102, measuring approximately 6.933 acres (2.8059 hectares). The Property is currently free of encumbrances. As per the land title, the category of the land use is agricultural and the land is currently vacant and idle. Application has been made in May 2013 by the Vendor to convert the land into commercial use. On 1st November 2012, the Vendor via its nominee company has obtained Planning Permission from Majlis Perbandaran Langkawi to develop part of the land into 39 units of serviced villas (“Phase I”). Phase 1 and the infrastructure will take up about 5.3 acres of the Property. The remaining land will be development under Phase II, which is yet to be determined at this juncture. The Planning Permission for Phase I is valid till 14 August 2013 and the Vendor has submitted its application to renew the Planning Permission. Page1 The proposed development on the Property is still preliminary at this juncture and is subject to LD’s assessment and modification if necessary. Based on the original projection, the gross development value for Phase I is about RM50 million. Should the approval for land conversion is granted in 2013, the project is expected to commence in year 2014/2015 and be completed within 3 years from commencement date.
Information on the Property. (a) The Property is a freehold land with an area measuring 1.7654 hectares together with the plymill factory erected thereon situated at GM 000, Xxx 000, Xxxxx xx Xxxxx, Xxxxxxxx xx Xxxxx, Xxxxxxxx Darul Ehsan.
(b) The Vendor did not provide the net book value of the Property, however the Vendor’s original cost of land is RM774,249.90; and
(c) The date of investment of the land was on 9 April 1982.
(d) There is no valuation carried out on the Property for the purpose of acquisition.
Information on the Property. (a) The Property is a freehold land with an area measuring 1.7654 hectares together with the plymill factory erected thereon situated at GM 000, Xxx 000, Xxxxx xx Xxxxx, Xxxxxxxx xx Xxxxx, Xxxxxxxx Darul Ehsan.
(b) The Vendor did not provide the net book value of the Property, however the Vendor’s original cost of land is RM774,249.90; and
(c) The date of investment of the land was on 9 April 1982.
(d) There is valuation carried out on the Property by Raine & Xxxxx International Zaki & Partners Sdn Bhd on 7 May 2008 with a market value of RM7,600,000.
Information on the Property. Furnish maps, location plans and any additional information that may be helpful in managing the day to day operations of the Property.
Information on the Property. Network Rail Infrastructure Limited (“NRIL”) is the freehold owner of the Property and has granted ZBV (RMS) Limited (“ZBV”) an option to acquire the lease of the Property (“the Lease”). With the execution of the SA, the following agreements are also executed:-
(a) Sale Agreement for the grant of lease by NRIL to ZBV (“Sale Agreement”);
(b) Assignment Agreement for ZBV to assign the benefit of the Sale Agreement to ML (“the Assignment”) at a consideration of approximately £1.94 million (excluding Value Added Tax (“VAT”) and other taxes (“Assignment Consideration”));
(c) Licence to Assign for NRIL to consent the Assignment; and
(d) Lease Agreement for NRIL to lease the Property to ML for a period of 999 years at a consideration of approximately £18.06 million (excluding Value Added Tax (“VAT”) and other taxes (“Lease Consideration”)). The Assignment Consideration and Lease Consideration were arrived at after taking into consideration the strategic location of the Property, the market value of the properties in the surrounding vicinity, and the development potential of the Property (where planning permission had already been granted).
Information on the Property. The Hotel is a beachfront resort erected on all that piece of Land held under the three (3) separate land titles as set out below together with the assets owned by the Lessor (“Property”):-
Information on the Property. The Property comprises the hotel known as Oasia Hotel Downtown. The Property is part of a 27-storey hotel-cum-office development located at 000 Xxxx Xxxx Street, Singapore 079333. The Property is located within the downtown Tanjong Pagar area, which has a hive of business, commercial and residential activities. It is within walking distance of the Tanjong Pagar MRT station as well as numerous prominent office buildings. The development comprises car parks on the 4th and 5th storeys, offices on the 6th to 11th storeys and the hotel on the 12th to 27th storeys. The office component, which is not part of the Acquisition, is known as PS100. The hotel has a total of 314 modern and well-equipped guest rooms which occupy the 13th to the 20th storeys, and club rooms and suites on the 22nd to 25th storeys of the building. Facilities provided within the hotel include an all-day dining restaurant and a bar on the first storey; two meeting rooms, a 24-hour gymnasium and sky terrace on the 12th storey; a club lounge, an infinity pool and skyline pavilion on the 21st storey for the exclusive use of club guests; and two rooftop pools, a roof terrace and a restaurant on the 27th storey. Far East Hospitality Management (S) Pte. Ltd., a subsidiary of Far East Orchard Limited (“FEOR”), has been engaged by the Master Lessee to operate the Property under a hotel management agreement.
Information on the Property. The Property has a site area of approximately 44,273 sq ft. Approval has been obtained to construct a 4 storey commercial building with 2 basement levels on the site with an approved maximum gross floor area of approximately 132,967 sq ft. The Building is planned to be physically joined to Northpoint. The Building is currently expected to have approximately 83,100 sq ft of net lettable area (“NLA”) when completed, of which approximately 21,528 sq ft will be leased to the National Library Board. The Building is undergoing construction and is expected to obtain temporary occupation permit in the second half of 2008.
Information on the Property. The Property is a landmark commercial development strategically located between the Marina Bay financial district and the established financial hub of Raffles Place. The Property comprises OUE Bayfront, a premium office building, and its complementary properties with retail facilities, OUE Tower and OUE Link. Completed in 2011, OUE Bayfront is an office building in Singapore’s central business district (“CBD”) with 18 floors of premium Grade A commercial space, commanding panoramic views of Marina Bay. Accorded heritage conservation status for its historical significance, OUE Tower houses the only waterfront revolving restaurant in Singapore. Across the open plaza of OUE Bayfront is OUE Link, an air-conditioned overhead pedestrian bridge with retail shops commanding double frontages, providing convenient and sheltered access to the Raffles Place area. OUE Bayfront enjoys superb connectivity and accessibility to major transport networks. Other than easy access to the Raffles Place and Telok Ayer Mass Rapid Transit (“MRT”) stations, the Downtown MRT station is also within walking distance via an underground pedestrian walkway. The property is also a short drive away to major expressways, providing enhanced connectivity to other parts of Singapore. OUE Bayfront has been awarded the Green Xxxx Xxxx Award by the Building and Construction Authority in Singapore. Xxxxxxx & Xxxxxxxxx VHS Pte Ltd (the “Independent Valuer”) has been commissioned by the Manager and the Trustee to value the Property for OUE C-REIT. The valuation of the Property as at 31 December 2020 conducted by the Independent Valuer is S$1,181.0 million. In arriving at its valuation, the Independent Valuer used the discounted cash flow method, capitalisation approach and comparison method.
Information on the Property. The Property is a multi-storey building consisted of eight floors and a basement (with net internal area of 65,100 square feet) which currently is being occupied as a hotel with 80 bedrooms. The Property is to be sold subject to a lease with a hotel operator as the lessee for a term of 35 years from and including 29th October, 2012. Based on the information provided by the Vendor, the rental income attributable to the Property for each of the two years ended 28th October, 2016 are approximately GBP3,043,000 (equivalent to approximately HK$29,608,000) and approximately GBP3,001,000 (equivalent to approximately HK$29,200,000) respectively.
