Page 142 - ar2013

Westgate
Westgate, the premier family
and lifestyle mall in the west of
Singapore, opened on 2 December
2013. The mall offers the city
lifestyle shopping experience
with many popular brands.
Strategically located in Jurong
Gateway, it caters to a catchment
population of over a million.
Westgate is the only mall with direct
connections to Jurong East MRT
Interchange Station and future
bus interchange, and amenities
such as the Ng Teng Fong General
Hospital. The mall offers a holistic
shopping experience with many
unique features like the naturally
ventilated Courtyard, an array of
alfresco dining options and thematic
children’s playgrounds.
On 23 January 2014, a consortium
entered into sales and purchase
agreements to purchase Westgate
Tower for S$579.4 million.
Portfolio
Details
Chew
Hock Chye
General Manager
Eddie
Lim
Centre Manager
Tan
Kor Hoon
Leasing
Steve
Ng
Marcom
Soe
Paing
Operations
CENTRE MANAGEMENT
PROPERTY INFORMATION
Description Seven retail levels (including
two basement levels) and
two basement car park levels
Net Lettable Area (sq ft) 410,332
Number of Leases 214
Car Park Lots 600
Title Leasehold tenure of 99 years
with effect from 29 August 2011
Acquisition Year 2011 1
Market Valuation (S$ million) 1,054.0 (100.00% interest)
316.2 (30.00% interest)
Gross Revenue (S$ million) 1.3 (30.00% interest) 2
Net Property Income (S$ million) (2.3) (30.00% interest)2
Committed Occupancy (%) 85.8 2
Key Tenants Isetan, BreadTalk, Courts,
Samsung, Fitness First
Data as at 31 December 2013.
Gross Revenue and Net Property Income figures were for the year ended 31 December 2013.
1 Refers to the year in which the development site was acquired.
2 Westgate was under development and commenced mall operations on 2 December 2013.
Clarity 140 CapitaMall Trust Annual Report 2013