To The Moon

We are pleased to announce that OUE REIT has made a yield-accretive strategic entry into Sydney’s CBD with a 19.9% interest in Salesforce Tower at A$357.2 million.

Mr Han Khim Siew, Chief Executive Officer of the Manager, said, “This acquisition marks the commencement of Phase 3 of OUE REIT’s value creation journey. Following the divestment of Lippo Plaza Shanghai in 2024, an ageing asset on a short leasehold operating in a challenging market, we have successfully redeployed capital into Salesforce Tower, a prime freehold, newly built asset in Sydney’s core precinct with compelling upside potential.”

“While expanding our footprint into Sydney, Singapore will remain our core market, accounting for approximately 94.9% of our portfolio value post-acquisition. Looking ahead, we will continue to explore opportunities to further enhance our portfolio through disciplined capital allocation, with a goal to deliver sustainable long-term growth for our Unitholders,” Mr Han concluded.

𝐊𝐞𝐲 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐌𝐞𝐫𝐢𝐭𝐬:

[你懂的] 𝐑𝐚𝐫𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐭𝐨 𝐚𝐜𝐪𝐮𝐢𝐫𝐞 𝐚 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐚𝐬𝐬𝐞𝐭 𝐥𝐨𝐜𝐚𝐭𝐞𝐝 𝐚𝐭 𝐒𝐲𝐝𝐧𝐞𝐲 𝐂𝐨𝐫𝐞 𝐂𝐁𝐃

• Salesforce Tower is a 55-storey premium-grade freehold commercial tower located in Circular Quay

• Best-in-class building specification while optimising view lines to the harbour, where water views can command rental premiums

• Exceptional public transport access within a 5-minute walk to Circular Quay Wharf, 2 light rail stations, 2 major bus interchanges, and 2 heavy rail stations

• Built-in pipeline with pre-emptive rights on the Property to increase its stake should opportunities arise

[你懂的] 𝐀𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐯𝐞 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐮𝐩𝐬𝐢𝐝𝐞 𝐟𝐨𝐫 𝐒𝐲𝐝𝐧𝐞𝐲’𝐬 𝐂𝐨𝐫𝐞 𝐂𝐁𝐃 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐬𝐞𝐠𝐦𝐞𝐧𝐭

• Improving operating metrics backed by “flight-to-quality trends”

• Healthy rental growth and tightening incentives recorded in 4Q 2025

• Limited supply beyond 2027 mitigates new supply risk

[你懂的] 𝐄𝐧𝐡𝐚𝐧𝐜𝐞 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐫𝐞𝐝𝐮𝐜𝐞 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐜𝐨𝐧𝐜𝐞𝐧𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐫𝐢𝐬𝐤

• Stable cash flow underpinned by long WALE and well-spread lease expiries

[你懂的] 𝐀𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐚𝐧𝐝 𝐃𝐏𝐔 𝐚𝐜𝐜𝐫𝐞𝐭𝐢𝐯𝐞

• Agreed Property Price of A$357.2 million (c. S$319.8 million), representing an initial passing yield of 5.8%

• Pro forma DPU accretion of 0.9% while aggregate leverage remains stable

• Announcement: https://lnkd.in/gQHjM5eT

• Press Release: https://lnkd.in/gRvwu6rM

• Presentation: https://lnkd.in/gppjZXRp

$华联房地产投资信托(TS0U.SI)$