CapitaLand Integrated Commercial Trust - Annual Report 2021

IMM BUILDING Strategically located adjacent to Jurong Gateway within the Jurong Lake District, IMM Building (IMM) is Singapore’s largest outlet mall. Seamlessly connected via an elevated covered walkway to Jurong East MRT station, an interchange for theEast-West LineandNorth- South Line, the outlet mall offers a wide variety of value shopping and dining options for families, professionals and young adults. Besides its proximity to the residential estates, IMM is surrounded by major developments such as Westgate and Ng Teng Fong General Hospital and is close to several office and industrial developments. PROPERTY INFORMATION Address 2 Jurong East Street 21 Land Tenure Leasehold tenure of 30 + 30 years with effect from 23 January 1989 1 Purchase price in 2003 S$247.4 million Carpark Lots 1,324 Bicycle Lots 30 Award BCA GreenMark Gold PLUS (2019) As at 31 December 2020 2021 Valuation (S$ million) 670.0 709.0 Gross Floor Area (sq ft) 1,426,504 1,426,504 Net Lettable Area (sq ft) Total: 963,378 Retail: 424,408 Warehouse: 538,970 Total: 963,126 Retail: 423,743 Warehouse: 539,382 Number of Tenants 470 474 Committed Occupancy (%) Total: 94.3 Retail: 99.5 Warehouse: 90.3 Total: 96.3 Retail: 100.0 Warehouse: 93.3 Annual Shopper Traffic (million) 12.2 12.6 Gross Revenue 2 (S$ million) 72.5 83.4 Net Property Income (S$ million) 48.2 58.7 2 Gross revenue comprises gross rental income, car park income and other income. TOP 5 TENANTS 3 1 Cold Storage Singapore (1983) Pte Ltd 2 Best Denki (Singapore) Pte. Ltd. 3 Extra Space Jurong Pte. Ltd. 4 Nike Global Trading B.V. Singapore Branch 5 NTUC Enterprise Co-Operative Ltd Food & Beverage 20.7 Warehouse 15.3 Home Furnishing 14.1 Fashion 10.9 Gifts & Souvenirs/ Toys & Hobbies/ Books & Stationery / Sporting Goods 7.8 Shoes & Bags 7.0 Supermarket 6.8 Beauty & Health 5.6 Electrical & Electronics 4.7 Services 2.7 Jewellery & Watches 1.5 Department Store 1.5 IT & Telecommunications 1.4 1 30-year extension was effected from 23 January 2019. LEASE EXPIRY PROFILE 4 (%) TRADE MIX 3 (%) 2027 and beyond 2025 2023 2026 2024 2022 28.5 24.0 31.3 13.8 0.0 2.4 2 Based on gross rental income for the month of December 2021 and excludes gross turnover rent. 3 As at 31 December 2021, based on committed gross rental income for the expiry month of the lease and excludes gross turnover rent. Annual Report 2021 79 Property Details