CapitaLand Integrated Commercial Trust - Annual Report 2021

• Achieve the highest and best use for properties • Reposition or repurpose single-use assets in line with changing real estate trends and consumers’ preferences • Redevelop properties from single-use to integrated projects • Undertake appropriate divestment of assets that have reached their optimal life cycle • Redeploy divestment proceeds into higher yielding properties or other growth opportunities • Invest through property market cycles in Singapore, Germany and other developed markets • Guide for overseas exposure not more than 20% of portfolio value • Seek opportunities from third parties and CapitaLand • Focus on retail, office and integrated developments ASSET ENHANCEMENT AND REDEVELOPMENT PORTFOLIO RECONSTITUTION ACQUISITION VALUE CREATION STRATEGY AIM TO DELIVER STABLE DISTRIBUTIONS AND SUSTAINABLE RETURNS TO UNITHOLDERS CICT ensures the competitiveness and optimium value of its portfolio by setting differentiated investment objectives for each property type. Objectives for Retail Malls To enhance the value proposition of its suburban and downtown malls, the Trust identifies target positioning for each mall. For the appropriate positioning, this entails understanding our shoppers’ preferences, refreshing our retail concepts to build a right tenant mix, curating innovative retail experiences through shopping, dining and entertainment, establishing strategic partnerships and conducting compelling marketing and promotional events. We also aim to support our tenants through our omnichannel strategy, leveraging the CapitaStar platform. Such efforts would be integral to future-proofing our malls and ensuring the financial stability of the Trust. Objectives for Office Buildings To drive financial performance and consolidate the standing of CICT’s Grade A and prime office properties as the preferred office locations, we have put in place an agile and flexible strategy to meet changing occupiers’ needs. This includes offering core-and-flex workspace solutions to support our tenants through changing business environment. We leverage technology to enhance customer experiences and manage our properties more efficiently and sustainably. This will ensure that our properties remain the preferred choice for businesses. Objectives for Integrated Development Integrated developments provide a captive ecosystem, creating vibrancy supported by a sustainable work-live-play culture. To capitalise on this trend, CICT incorporates high-quality green features and open spaces, along with other comprehensive and complementary amenities for tenants and visitors at its integrated developments. CapitaLand Integrated Commercial Trust 26 Value Creation