CapitaLand Integrated Commercial Trust - Annual Report 2021

FRANKFURT DEMAND (CBD, BANKING DISTRICT & AIRPORT DISTRICT) FRANKFURT VACANCY RATES (OVERALL MARKET, CBD, BANKING DISTRICT & AIRPORT DISTRICT) FRANKFURT PRIME YIELD / CAPITAL VALUE INDEX GERMANY PRIME OFFICE RENTS FRANKFURT RENTAL BAND (OVERALL, BANKING DISTRICT & AIRPORT DISTRICT) CBD Banking District Airport District 350 300 250 200 150 100 50 0 Demand (‘000 sq m) 2020 2021 2018 2016 2019 2017 212 311 211 155 118 123 121 194 97 75 82 51 12 28 31 32 9 32 Source: CBRE Germany Research, 4Q 2021 Note*: Without Subletting Source: CBRE Germany Research, 4Q 2021 Source: CBRE Germany Research, 4Q 2021 Source: CBRE Germany Research, 4Q 2021 Source: CBRE Germany Research, 4Q 2021 2018 2018 2018 2021 2021 2021 7.5 474 45.5 6.0 2.70 41.5 5.9 41.0 5.5 32.5 28.5 12.0 10.0 8.0 6.0 4.0 2.0 0 500 450 400 350 300 250 200 150 100 50 0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 50 45 40 35 30 25 20 15 10 5 0 2017 2017 2017 2020 2020 2020 2016 2016 2016 2019 2019 2019 Vacancy Rate (%) Index 1Q 1986=100 Index 1Q 1986=100 Rental Values (€/psm/month) Overall Market CBD Banking District Airport District Capital Value Index (LHS) Prime Yield (%) (RHS) Berlin Düsseldorf Frankfurt Hamburg Munich 45.50 45.50 27.00 21.57 35.40 19.75 7.00 22.00 18.00 60.0 50.0 40.0 30.0 20.0 10.0 0.0 Frankfurt Total Banking District Airport District Rental Values (€/psm/month) Maximum Minimum Weighted Average Rent Annual Report 2021 115 Independent Market Review