Acquisition of Portfolio of five properties in Japan...Mar 22, 2007 · 506002si_2 Jul.ppt 2 2 Summary information on portfolio of 5 Japan properties Total Consideration : JPY 27.8

Acquisition of Portfolio of five properties in Japan22 March 2007

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AgendaDetails of the properties:

Atsugi Centre, 6491-1 Nakatsuazaotsuka Aikawa-cho Kanagawa, Japan

Ayase Centre, 2 Yoshioka Higashi Ayase-shi Kanagawa, Japan

Funabashi Centre, 488-1 Suzumi-cho Funabashi-shi Chiba, Japan

Zama Centre, 2 Hironodai Zama-shi Kanagawa, Japan

Kyoto Centre, 1 Shouryuuji Nagaokakyo-shi Kyoto, Japan

Impact on MapletreeLog

Acquisitions are DPU-accretive

Tenant concentration

Asset mix

Average lease duration

Unexpired lease of underlying land

Geographical allocation of portfolio

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Summary information on portfolio of 5 Japan properties

Total Consideration : JPY 27.8 billion (approx. S$350.8 million1)

Total Land Area : 108,968 sqm (approx.)

Land Tenure : Freehold

Total GFA : 103,864 sqm (approx.)

Lease Terms : Ranges from 7 years to 18 years

Tenants : Leading Japanese 3PL service providers and

major supermarket suppliers

1 Based on exchange rate of S$1.00 : JPY 79.26

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Atsugi CentreLand tenure: Freehold

Land area : 16,362 sqm (approx.)GFA : 17,262 sqm (approx.)Lettable area : 17,262 sqm (approx.)

Lease terms : Vendor : Yugen Kaisha HawkeyeLessee : A leading 3PL service provider in JapanLease term expiry : September 2020

Outgoings: Landlord pays property tax. Property maintenance expenses borne by tenant.

The property is a two-storey temperature-controlled warehouse/distribution centre with an ancillary office and is currently used as a construction material distribution centre.

It is located within the Kanagawa Prefecture and is easily accessible by two major expressways, Tomei and Chuo Expressways and main roads.

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Ayase CentreLand tenure: Freehold


Lease terms : Vendor : Yugen Kaisha HawkeyeLessee : A 3PL service provider for food companies.Lease term expiry : November 2014


The property is a single-storey cold storage facility with an ancillary office and is currently used as a food handling/packaging and distribution centre.


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Funabashi CentreLand tenure: Freehold


Lease terms : Vendor : Yugen Kaisha HawkeyeLessees : 3PL service providers for food companies Lease term expiry : September 2021

Outgoings: Landlord pays property tax. Property maintenance expenses borne by tenants.

The property consists of two blocks of two-storey logistics/distribution centres with ancillary office and is currently used as a food handling/ packaging and distribution centre.

It is located in the Chiba Prefecture and is easily accessible by the Higashincanto Expressway. It is also located between Narita Airport and Tokyo city and is close to major roads such as road 357.

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Zama CentreLand tenure: Freehold

Land area : 21,128 sqm (approx.)GFA : 41,171 sqm (approx.) Lettable area : 41,171 sqm (approx.)

Lease terms : Vendor : Yugen Kaisha HawkeyeLessee : The logistics arm of a major Japanese manufacturer of communications and information technology equipmentLease term expiry : January 2017


The property is a four-storey logistics/ distribution centre with ancillary office and is currently used for the storage and distribution of communication and information technology equipment.


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Kyoto CentreLand tenure: Freehold


Lease terms : Vendor : Yugen Kaisha HawkeyeLessee : A 3PL service provider for food companiesLease term expiry : February 2025


The property is a single-storey cold storage /distribution centre with ancillary office and is currently used for the packaging and distribution of frozen and fresh foodstuff as well as meat products.

It is located in the Kyoto Prefecture and is about five minutes drive from the nearest Japan Railways station, the Nagaokakyo Station.

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Acquisitions are DPU-accretive

Portfolio of 5 properties in Japan

Total Return (over 10 years) 6.09%

DPU impact1

(proforma annualised impact)0.56 Singapore cents

1. Assuming MapletreeLog had purchased, held and operated the properties for the whole of the financial year ended 31 December 2006 (based on 41 properties) and that the acquisitions are fully funded by debt

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Tenant concentration

Pre-Acquisitions (portfolio of 57 properties, including announced acquisitions)

Post-Acquisitions (portfolio of 62 properties, including announced acquisitions and portfolio of 5 Japan properties)

Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of December 2006

5.6%

0.0% 0.0%

4.4%

3.3%

2.8%

2.0% 2.0%

0.0%

1.9%

4.9%

4.5%

3.9% 3.9%

2.9%

2.4%

1.8% 1.7% 1.7% 1.6%

0%

1%

2%

3%

4%

5%

6%

Ever GainGroup

Zama Centretenant

Kyoto Centretenant

Teck WahIndustrial

Corporation

VopakTerminals

Fu YuCorporation

CrescendasDistribution

Taiun Atsugi Centretenant

DG Logistik

Pre-Acquisitions Post-Acquisitions

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Asset mix

Before the acquisitions After the acquisitions

(1) Pre-Acquisitions (portfolio of 57 properties, including announced acquisitions); Post-Acquisitions (portfolio of 62 properties, including announced acquisitions and portfolio of 5 Japan properties)

(2) Atsugi Centre, Funabashi Centre and Zama Centre have been classified under the “Distribution Centre” category, Ayase Centre and Kyoto Centre are under the “Food & Cold Storage” category

(3) The charts’ Gross Revenue figures are computed for the month of December 2006, assuming that all new acquisitions announced after December 2006 have contributed to the total gross revenue for the month

Gross Revenue Contribution by Trade (Pre-Acquisitions)

FTZ 3PL7.0%

Non-FTZ 3PL51.9%

Industrial Warehousing

14.3%

Food & Cold Storage2.4%

Distribution Centre19.2%

Oil & Chemical Logistics

5.2%

Gross Revenue Contribution by Trade (Post-Acquisitions)

FTZ 3PL6.1%

Non-FTZ 3PL45.4%

Industrial Warehousing

12.5%

Food & Cold Storage

6.7%

Distribution Centre24.8%

Oil & Chemical Logistics

4.5%

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Average lease duration

Pre-Acquisitions(57 properties)

Post-Acquisitions (62 properties including

portfolio of 5 Japan properties)

Weighted average lease term to expiry 4.8 years 5.9 years

Note: ‘Remaining years to expiry of underlying land lease’ reflects year to expiry from 31 December 2006

Lease Expiry Profile by Gross Revenue (for the Month of December 2006)

12.2%

17.6%

10.5%

6.8%

32.1%

5.2%

15.0%

40.6%

15.4%13.1%

9.2%6.0%4.6%

10.7%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Expiring in2007

Expiring in2008

Expiring in2009

Expiring in2010

Expiring in2011

Expiring in2012

Expiring af ter2012

Pre-Acquisitions Post-Acquisitions

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Unexpired lease of underlying land

Pre-Acquisitions (57 properties)

Post-Acquisitions (62 properties including

portfolio of 5 Japan properties)

Weighted average of unexpired lease term of underlying land

80.7 years 135.1 years*

* Land tenure for all the freehold properties is 999 years

Re maining Ye ars to Expiry of Unde rlying Land Le ase

0.8%3.9% 3.7%

40.5%

9.6%

0.8%3.6% 3.5%

9.0%

41.4%44.9%

38.1%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51 - 60 yrs > 60 yrs

% o

f Tot

al L

etta

ble

Are

aPre-Acquisitions Post-Acquisitions

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Geographical allocation of portfolio

Before the acquisitions After the acquisitions

(1) Pre-Acquisitions (portfolio of 57 properties, including announced acquisitions); Post-Acquisitions (portfolio of 62 properties, including announced acquisitions and portfolio of 5 Japan properties)

(2) The charts’ Gross Revenue figures are computed for the month of December 2006, assuming that all new acquisitions announced after December 2006 have contributed to the total gross revenue for the month

Country Allocation - By Gross Revenue (Pre-Acquisitions)

Japan1%

Malaysia6%

Hong Kong23%

China7%

Singapore 63%

Country Allocation - By Gross Revenue (Post-Acquisitions)

Japan14%

Malaysia5%

Hong Kong20%

China6%

Singapore 55%

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DisclaimerThe value of units in MapletreeLog (“Units”) and the income from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. The past performance of MapletreeLog is not necessarily indicative of its future performance.

This release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representatives examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, including employee wages, benefits and training, property expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events.

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Acquisition of Portfolio of five properties in Japan...Mar 22, 2007 · 506002si_2 Jul.ppt 2 2 Summary information on portfolio of 5 Japan properties Total Consideration : JPY 27.8