TRADE MIX4 (%) IMM BUILDING Strategically located adjacent to Jurong Gateway and Jurong Lake District, IMM Building (IMM) is Singapore’s largest outlet mall. The outlet mall is seamlessly connected via an elevated covered walkway to Jurong East MRT station, an interchange for the East-West Line and North-South Line. IMM 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 bymajor developments such as Westgate and Ng Teng Fong General Hospital and is close to several office and industrial developments. The mall is undergoing asset enhancement works which is expected to complete in 3Q 2025. More information can be found under Value Creation in this AR. LEASE EXPIRY PROFILE4 (%) 2024 34.8 2025 27.8 2026 19.0 2027 8.4 2028 2029 and beyond 6.1 3.9 1 30-year extension was effected from 23 January 2019. 2 Gross revenue comprises GRI, car park income and other income for the respective financial year. 3 Based on GRI for the month of December 2023 and excludes gross turnover rent. 4 As at 31 December 2023, based on committed GRI and excludes gross turnover rent. Property Information Address 2 Jurong East Street 21 Land Tenure Leasehold tenure of 30 + 30 years with effect from 23 January 19891 Purchase Price in 2003 S$247.4 million Carpark Lots 1,327 Bicycle Lots 38 Green Rating BCA Green Mark GoldPLUS Top 5 Tenants3 1 Cold Storage Singapore (1983) Pte Ltd 2 Best Denki (Singapore) Pte. Ltd. 3 Extra Space Jurong Pte. Ltd. 4 NTUC Enterprise Co-Operative Ltd 5 Nike Global Trading B.V. Singapore Branch As at 31 December 2022 2023 Valuation (S$ million) 715.0 745.0 Gross Floor Area (sq ft) 1,426,517 1,426,517 Net Lettable Area (sq ft) Total Retail Warehouse 963,335 423,995 539,340 963,622 424,287 539,335 Number of Tenants 485 492 Committed Occupancy (%) Total Retail Warehouse 98.0 100 96.5 99.4 99.7 99.2 Annual Shopper Traffic (million) 13.6 13.3 Gross Revenue2 (S$ million) 90.6 94.0 Food & Beverage 19.9 Warehouse 14.8 Home Furnishing 12.5 Supermarket 10.8 Fashion 10.4 Shoes & Bags 7.4 Gifts & Souvenirs/ Toys & Hobbies/ Books & Stationery/ Sporting Goods 6.6 Beauty & Health 5.8 Electrical & Electronics 4.2 Services 2.6 Jewellery & Watches 1.9 Department Store 1.7 IT & Telecommunications 1.4 Overview Leadership Performance Framework Other Information ANNUAL REPORT 2023 69
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