INVESTMENT & DIVESTMENT REDEVELOPMENTS ASSET ENHANCEMENT INITIATIVES 2018 CapitaSpring • Redevelopment of Golden Shoe Car Park into an integrated development, CapitaSpring comprising Grade A office, serviced residence and ancillary retail, via a joint venture with CapitaLand Development and Mitsubishi Estate Co., Ltd. 2022 CQ @ Clarke Quay • Undergone a S$62.0 million AEI from 3Q 2022 to 1Q 2024 to transform into a day-and-night destination, blending modern interpretations of the precinct's rich heritage with a vibrant mix of lifestyle, entertainment, and F&B brands 2024 IMM Building • Undergoing a S$48.0 million AEI from 1Q 2024 to 3Q 2025 to strengthen its position as a regional outlet destination through reconfiguring level 1 space, optimising tenant mix and refreshing common areas 2024 Gallileo • Undergoing a EUR175 million - EUR215 million AEI to upgrade to modern Grade A office specifications to increase building's relevance, functionality and operational efficiency 2022 Acquisition of 66 Goulburn Street & 100 Arthur Street for A$672.0 million Implied NPI yield: 5.2%1 2022 Acquisition of CapitaSky (70.0% interest) for S$882.0 million NPI yield: 4.0%3 2022 Acquisition of 101-103 Miller Street & Greenwood Plaza (50.0% interest) for A$422.0 million Implied NPI yield: 4.9%2 2019 2021 1 Refer to announcement dated 3 December 2021 for the acquisition of 66 Goulburn Street and 100 Arthur Street. 2 Refer to announcement dated 23 December 2021 for the acquisition of 50.0% interest in 101-103 Miller Street & Greenwood Plaza. 3 Refer to announcement dated 25 March 2022 for the acquisition of 70.0% interest in 79 Robinson Road (CapitaSky). ANNUAL REPORT 2023 13 Overview Leadership Performance Framework Other Information
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