Enlarged Portfolio means the enlarged portfolio of properties to be comprised in CRT’s portfolio following the completion of the Acquisition, being those properties in its Existing Portfolio and Torius Property.
Enlarged Portfolio means the Existing Portfolio, the Announced Acquisitions and the Target Properties.
Enlarged Portfolio means collectively, the Existing Properties and, after
Examples of Enlarged Portfolio in a sentence
Barbara Arnold asked Miriam to send a thank you letter to the Newport Resort for their hospitality.
Assuming that the EFR Acquisitions are completed on 15 October 2005, that the Thales Acquisition is completed on 1 January 2006, and that there is no change to the current mode of payment of the Management Fee i.e. the Base Fee in the form of Units and cash in equal proportions for the first 19 of the Existing Properties and in the form of cash for all the subsequent acquisitions, and the Performance Fee in the form of Units in respect of the Enlarged Portfolio.
The NPI for the Enlarged Portfolio are consolidated at 100% basis.
The weighted average lease to expiry of the Enlarged Portfolio will increase from approximately 11.3 years from that of the Existing Portfolio as at 31 December 2012 to approximately 12.0 years after the completion of the Acquisitions.
Top 10 Tenants of the Enlarged PortfolioThe top 10 tenants in the Enlarged Portfolio (based on pro forma gross rental income for the Existing Properties and the Properties) account for 36.3% of the total pro forma gross rental income of the Enlarged Portfolio as compared to 42.1% of the total gross rental income accounted for by the top 10 tenants in the Existing Properties.
More Definitions of Enlarged Portfolio
Enlarged Portfolio means the enlarged portfolio of properties in CRT following the completion of the Acquisitions, comprising those properties in its existing portfolio as of the date of this announcement, being Aeon Town Suzuka, Aeon Town Moriya, Mallage Shobu, Croesus Shinsaibahi, Luz Omori, Croesus Tachikawa, One’s Mall, Torius, Fuji Grand Natalie (the “Existing Portfolio”) and the Properties.
Enlarged Portfolio means the Existing Properties (as defined herein) and the Properties.Two independent property valuers, KJPP Willson & Rekan in affiliation with Knight Frank (“KJPP Willson & Rekan”) and KJPP Damianus Ambur in affiliation with Coldwell Banker Indonesia (“KJPP Damianus Ambur” and together with KJPP Willson & Rekan, the “Independent Valuers”), were appointed by the Trustee and the Manager, respectively, to value Pluit Village. In their respective reports, KJPP Willson & Rekan and KJPP Damianus Ambur have stated the open market value of Pluit Village as at 30 June 2011 to be Rp.1,588.1 billion (S$228.0 million) and Rp.1,804.0 billion (S$259.0 million), respectively. In arriving at the valuations, both KJPP Willson & Rekan and KJPP Damianus Ambur used the income valuation method, utilising a discounted cash flow analysis. KJPP Wilson & Rekan is the Indonesian affiliate of Knight Frank, an international valuer. Similarly, KJPP Damianus Ambur is the Indonesian affiliate of Coldwell Banker, an international valuer. Under the Indonesian Minister of Finance Regulation No. 125/PMK.01/2008 regarding Public Appraisal Services, which is intended to regulate the professional and independent conduct of public appraisals in Indonesia, any public appraiser, in providing his/her services, shall have a “KJPP”. KJPP is defined as “a legal entity which holds a license issued by the Minister of Finance for public appraisers to provide their appraisal services”. Due to these regulations, a branch of an international valuer is unable to provide appraisal services in its own name, and it can usually only sign off in the name of its local affiliate which has a KJPP. In addition, KJPP Wilson & Rekan has been approved by the Trustee to act as its valuer. The basis and assumptions adopted by KJPP Willson & Rekan and KJPP Damianus Ambur in arriving at their respective valuations of Pluit Village are set out in the table below. Basis and assumptions in arriving at valuations for Pluit Village KJPP WilsonKJPP DamianusEstimated discount rates using pre-tax rates that reflect current market assessments at the risks specific to the properties 13.0% 12.5%Growth rates5.0%3.0%-7.0%Cash flow forecasts derived from the most recent financial budgets and plans approved by managementDiscounted cash flow analysis over the remaining lease period for Build, Operate and Transfer (“BOT”) malls (6 year projections) Discounted cash flow analysis over the remaining lease period for BOT malls (6 yearprojecti...
Enlarged Portfolio means the Existing Portfolio, the Announced Acquisitions and the Property.
Enlarged Portfolio means the September 2012 Portfolio, the Proposed Properties and the Recent Properties (as defined herein).KJPP WR and KJPP RHP were appointed by the Trustee and the Manager, respectively, to value Pejaten Village. In their respective reports, KJPP WR and KJPP RHP have stated the open market value of Pejaten Village as at 30 June 2012 to be Rp.870.2 billion (S$110.6 million) and Rp.841.0 billion (S$106.9 million), respectively. In arriving at the independent valuations, both KJPP WR and KJPP RHP used the income valuation method, utilising a discounted cash flow analysis. Basis and assumptions in arriving at independent valuations for Pejaten Village The basis and assumptions adopted by KJPP WR and KJPP RHP in arriving at their respective valuations of Binjai Supermall are set out in the table below. KJPP WRKJPP RHPEstimated discount rates using pre-tax rates that reflect current market assessments at the risks specific to the properties 11.50% 10.36%Rental Growth rates5.0%6.0%Cash flow forecasts derived from the most recent financial budgets and plans approved by managementDiscounted cash flow analysisover 6 years projections(5 years holdingperiod)(1)Discounted cash flow analysis over 11 years projections(10 years holdingperiod)(1)Terminal capitalisation rates10.0%11.0%Note:(1) The number of projection years for the cashflow forecasts which each valuer deemed appropriate is based on their independent assessment of the numbers of years required for the properties to reach a high level of income stability, which the valuers had in turn determined based on their respective professional opinion as to the investment holding periods for the properties. The factors which the valuers had taken into account include, among others, the properties’ existing occupancy rates, the time taken for the properties to achieve maximum occupancy levels, the date of commencement of operation of the properties and potential impact from the on-going asset enhancements activities. (Please see Appendix D of this Circular for the summary valuation reports of the Independent Valuers on Pejaten Village.)
Enlarged Portfolio means the Existing Portfolio, the Rights Issue, the Announced Acquisitions and Divestment and the Property.
Enlarged Portfolio means the properties held by CEREIT inclusive of the Previously Announced Acquisitions
Enlarged Portfolio means the enlarged portfolio of properties held by Keppel DC REIT, consisting of (i) the Existing Portfolio; (ii) the KDC SGP 4 Interest and (iii) 1-Net North DC;