Property Funds Appendix definition

Property Funds Appendix means Appendix 6 of the Code on Collective Investment Schemes, issued by the Monetary Authority of Singapore;

Property Funds Appendix means Appendix 6 of the CIS Code issued by the MAS in relation to real estate investment trusts, as the same may be modified, amended, supplemented, revised or replaced from time to time; and

Property Funds Appendix means the guidelines for property funds issued by the Monetary Authority of Singapore as Appendix 6 to the CIS Code, as amended, varied or supplemented from time to time;

Examples of Property Funds Appendix in a sentence

• The gearing ratio or additional borrowing capacity of IPIT is based on the gearing or borrowing capacity allowed under the voluntary adoption by IPIT of the Property Funds Appendix.

• The prevailing Property Funds Appendix requires that a full valuation of each real estate asset should be conducted by an independent valuer at least once every financial year, and such valuer should not value the same property for more than two consecutive financial years.

• In addition, the REIT Trustee will also have the right to review such audit reports to ascertain that the Property Funds Appendix has been complied with.

• When the Trust is Unlisted, the Manager may, but is not obliged to, repurchase or cause the redemption of Units more than once a year in accordance with the Property Funds Appendix and a Holder has no right to request for the repurchase or redemption of Units more than once a year.

• Although the Aggregate Leverage of AA REIT is currently in compliance with the requirements of the Property Funds Appendix, there can be no assurance that AA REIT will not be required to make downward revaluations of its properties in the future.

More Definitions of Property Funds Appendix

Property Funds Appendix means the investment guidelines regulating collective investment schemes that invest or propose to invest in real estate and real estate-related assets (“property funds”) in Appendix 2 of the CIS Code as the same may be modified, amended, supplemented, revised or replaced from time to time;

Property Funds Appendix means Appendix 6 to the CIS Code issued by the Monetary Authority of Singapore in relation to real estate investment trusts;

Property Funds Appendix means Appendix 6 to the Code on Collective Investment Schemes issued by the Monetary Authority of Singapore. In connection with the second stage of the proposed Acquisition, the Trustee and the Vendor entered into a share purchase agreement dated 5 November 2018 (the “SG SPA”, and together with the PRC SPA, the “Share Purchase Agreements”), pursuant to which the Trustee will acquire from the Vendor all the issued shares in the SG SPV. The following diagram summarises the second stage of the proposed Acquisition: 100%Vendor divests all of itsinterests in the SG SPV to BHG Retail REIT Pursuant to the SG SPA100%100%Hefei Changjiangxilu Mall PRC SPV BHG Retail REIT SG SPV Vendor The proposed Acquisition is intended to be wholly funded through borrowings. SUMMARY OF APPROVAL SOUGHT The Manager is convening an extraordinary general meeting (“EGM”) of BHG Retail REIT to seek approval from the unitholders of BHG Retail REIT (“Unitholders”) for the proposed acquisition of Hefei Changjiangxilu Mall as a Related Party Transaction (as defined herein). Description of Hefei Changjiangxilu Mall Hefei Changjiangxilu Mall is located at the junction of Changjiang West Road and Huaining Road, in the Shushan District of Hefei, Anhui Province. The catchment population within a 3 kilometre (“km”) radius from the mall is approximately 200,000, which comprises about 50 local communities. Hefei Changjiangxilu Mall is a five-storey retail mall (which includes one underground storey) offering supermarket, recreation, food and beverage and fashion tenants. It enjoys good connectivity as it is close to several public bus stations and well-connected to the Hefei Metro Line 2, which commenced operations on 26 December 2017. The table below sets out certain details of Hefei Changjiangxilu Mall as at 31 August 2018 (unless otherwise stated): PropertyHefei Changjiangxilu MallLocation639 Changjiangxilu Road, Shushan District, Hefei, Anhui ProvinceYear of Completion2010Expiry of Land Use Right30 April 2043Site Area19,784.67 sq mGFA48,003.09 sq mNLA27,221.63 sq mCar Park Lots243Number of StoreysFive-storeys (four-storeys + one underground storey)Valuation by Knight FrankRMB481,500,000 (S$96,300,000)Valuation by CushmanRMB490,000,000 (S$98,000,000)Agreed Changjiangxilu Value(1)RMB334,045,005 (S$66,809,001)Weighted Average Lease to Expiry (“WALE”)By gross rental income: 2.6 yearsBy committed lettable area: 5.0 yearsOccupancy rate99.4%Trade Names of Major TenantsBHG Supermarket KFCPizza Hut Wats...

Property Funds Appendix means Appendix 6 of the Code on Collective Investment Schemes, issued by the Monetary Authority of Singapore in relation to real estate investment trusts.

Property Funds Appendix means Appendix 6 of the CIS Code issued by the MAS in relation to real estate investment trusts.

Property Funds Appendix means Appendix 6 of the Code on Collective Investment Schemes, issued by the Monetary Authority of Singapore, as amended, varied or supplemented from time to time;

Property Funds Appendix means Appendix 6 to the CIS Code issued by the Monetary Authority of Singapore in relation to real estate investment trusts, as amended, varied or supplemented from time to time;