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Overview Of Portfolio

As of 31 December 2019, ALOG’s portfolio comprised 27 logistics warehouse properties measuring over 9.0 million square feet strategically located in established logistics clusters across Singapore and Australia.

ALOG’s portfolio serves a broad spectrum of end-users from diverse industry sectors ranging from industrial/consumer goods to e-commerce and cold storage.

ALOG’s properties in Singapore are located in major logistics clusters such as the Airport Logistics Park of Singapore (“ALPS”), Changi International LogisPark and the new Tampines LogisPark, which are near to the airport, as well as the Penjuru, Pandan and Gul Way areas, enjoying proximity to the sea ports and at least half of the container yards in Singapore.

In Australia, ALOG owns and manages a portfolio of 17 logistics warehouses which are well-located in established industrial precincts in the major trade and distribution cities of Melbourne, Sydney, Brisbane and Adelaide.

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QUALITY PROPERTIES IN STRATEGIC LOCATIONS IN SINGAPORE AND AUSTRALIA

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SINGAPORE

  • ALOG Commodity Hub
  • ALOG Cold Centre
  • Schenker Megahub
  • ALOG Changi DistriCentre 1
  • ALOG Changi DistriCentre 2
  • Air Market Logistics Centre
  • Pan Asia Logistics Centre
  • Pandan Logistics Hub
  • ALOG Gul LogisCentre
  • DHL Supply Chain Advanced Regional Centre

ADELAIDE

  • 404 – 450 Findon Road, Kidman Park

BRISBANE

  • 51 Musgrave Road,Coopers Plains
  • 203 Viking Drive, Wacol
  • 223 Viking Drive, Wacol
  • 11 – 19 Kellar Street, Berrinba
  • 196 Viking Drive, Wacol

SYDNEY

  • 127 Orchard Road, Chester Hill
  • 3 Sanitarium Drive, Berkeley Drive

MELBOURNE

  • 16 – 28 Transport Drive, Somerton
  • 217 – 225 Boundary Road, Laverton North
  • 16 – 24 William Angliss Drive, Laverton North
  • 151 – 155 Woodlands Drive, Braeside
  • 41 – 51 Mills Road, Braeside
  • 67 – 93 National Boulevard, Campbellfield
  • 41 – 45 Hydrive Close, Dandenong South
  • 76 – 90 Link Drive, Campbellfield
  • 182 – 198 Maidstone Street, Altona
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27

Asset in Singapore & Australia

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S$1.26 billion

Total Valuation(1)

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9.0 million sf

Gross Floor Area

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3.0 Years

WALE by NLA

  • Strong Committed Portfolio Occupancy

    Portfolio - 97.1%

    Singapore - 97.2%

    Australia - 96.9%

  • Average Building Age

    15.8 years

  • WALE by
    Gross Rental Income

    2.9 years

  • Weighted Average
    Land Lease Expiry

    54.1 years(2)

  • Rental Escalations Within
    Single-Tenant/Master Lease

    ~1% to 4% p.a.

  • Number of Tenants

    73

Note:

  1. Based on FX rate of S$1.00 = A$1.0588.
  2. For the purpose of presentation, freehold properties are computed using a 99-year leasehold tenure.

ALOG's portfolio enjoys a high underlying occupancy by end-users, majority of which are multinational corporations. The end-users are also diversified by trade sectors such as industrial and commercial goods, food and cold storage, aerospace, healthcare, automotive and materials, engineering and construction.

Strong Diverse Demand


Notes:

  1. JTC Quarterly Market Report, Industrial Properties, 1Q 2020.

ALOG enjoys a committed portfolio occupancy of 97.1% as at 31 March 2020. This compares favourably with the Singapore industrial average occupancy rate of approximately 87.5%1 for warehouses.

With some of the best-in-class warehouse properties and its proactive marketing strategy, ALOG continues to draw robust demand for logistics space from third-party logistics and other logistics operators.

Over time, ALOG achieved a more balanced mix of master-leased and multi-tenanted properties. Master-leased properties provide portfolio stability with their typically longer lease periods while multi-tenanted properties enable ALOG the ability to ride on potential rental upsides during a buoyant rental market due to typically shorter lease periods.

For the Australian assets, the master lease arrangements come with built-in annual rental escalations of between 2.5% and 4%, or tied to the local Consumer Price Index, whichever is higher.

As at 31 March 2020, multi-tenanted properties contributed 71% of Gross Revenue while single-tenanted properties contributed to the balance 29%.

The Weighted Average Lease to Expiry (WALE) by net lettable area of the portfolio was 2.9 years as at 31 March 2020. ALOG’s portfolio enjoys a high degree of predictability in its cashflow and earnings stability about half of all leases are committed till 2022 and beyond.

Security deposits underpinning the rental obligation average 3 to 12 months. This provides additional confidence in our cashflow.

For leasing enquiries, please contact:

ARA LOGOS Property Management Pte Ltd

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