CICT’s office properties are strategically located in the prime districts of Singapore, Frankfurt, Germany and Sydney, Australia. Office: Committed Occupancy CICT’s overall office portfolio committed occupancy improved to 96.7% as at 31 December 2023 compared to 94.4% a year ago. In addition, the occupancy rates of CICT's office portfolio in Singapore, Germany and Australia were above their respective markets' 4Q 2023 occupancies. Testament to our proactive tenant management and leasing approach, the Singapore office portfolio achieved a committed occupancy rate of 98.5% as at 31 December 2023. This reflects a significant increase from 96.2% as at 31 December 2022. The Germany portfolio occupancy eased to 94.5% from 95.1%, and Australia portfolio registered an improvement to 88.5% from 82.2%. i 21 Collyer Quay and The Atrium@Orchard are both at 100% occupancy with committed long-term leases. Hence, these two properties are not shown on the chart. ii CBRE Singapore office market occupancy as at 4Q 2023. iii CBRE Frankfurt office market occupancy as at 4Q 2023. iv JLL Australia office market occupancy as at 4Q 2023. OFFICE COMMITTED OCCUPANCYi (%) Asia Square Tower 2 98.0 96.8 CapitaGreen 94.4 97.6 Capital Tower 91.4 99.3 CapitaSky CapitaSpring 99.9 100 Funan (Office) Raffles City Tower (Office) 100100 Six Battery Road 100 Gallileo 99.2 91.8 Main Airport Center 91.4 87.6 66 Goulburn Street 95.9 68.8 100 Arthur Street 77.9 94.8 101-103 Miller Street (Office) 94.6 As at 31 Dec 2022 As at 31 Dec 2023 Active leasing efforts continued across the portfolio. Notably in Germany, CICT is in advanced negotiations with a prospective tenant to take up the majority of the space at Gallileo post AEI works. In Australia, CICT has achieved leasing success at 66 Goulburn Street, with committed occupancy increased to 95.9% as at 31 December 2023 from 87.6% a year ago. With the lease expiry of a major tenant who took up three floors at 100 Arthur Street in early-January 2024, we have successfully backfilled two out of the three floors with Arthur J. Gallagher & Co (Aus) Limited, an insurance brokerage and risk management company. The team is actively re-letting the remaining vacant spaces. To future-proof the newly acquired office properties in Sydney, CICT is partnering flexible workspace operators, The Work Project Group and Work Club Miller Street to lease and operate the third space at the ground lobby of 101 Miller Street and 100 Arthur Street respectively. Australia CICT Portfolio: 88.5% Sydney CBD: 85.6%iv North Sydney CBD: 78.9%iv Singapore CICT Portfolio: 98.5% SGCore CBD: 94.8%ii Germany CICT Portfolio: 94.5% Frankfurt Market: 91.1%iii 93.397.8 100 100 95.4 97.8 62 CAPITALAND INTEGRATED COMMERCIAL TRUST OPERATIONS REVIEW OFFICE
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