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62
Clarity
CapitaRetail China Trust
Annual Report 2013
CapitaMall Xizhimen
ۈᷯ
MALL
s憑䉫疼
CapitaMall Wangjing
ۈᷯ
MALL
s⥝Ǥ
CapitaMall
Grand Canyon
ۈᷯ
MALL
sᆼᣂ晧
CapitaMall Qibao
ۈᷯĄᙽ柹㫹ᮩ໐
Address
No. 1
Xizhimenwai Avenue,
Xicheng District,
Beijing
No. 33
Guangshun North
Street, Blk 213 & 215,
Chaoyang District,
Beijing
No. 16 South Third
Ring West Road,
Fengtai District,
Beijing
No. 3655,
Qi Xin Road,
Minhang District,
Shanghai
GFA
(sq m)
(as at 31 December 2013)
83,075
83,768
96,821
83,986
GRA
(sq m)
(as at 31 December 2013)
83,075
68,010
69,967
72,729
Number of Leases
(as at 31 December 2013)
267
233
176
163
Land Use Right Expiry
23 August 2044
23 August 2054
15 May 2043
15 May 2053
29 August 2044 10 March 2043
4
Market Valuation
1
(as at 31 December 2013) (RMB million)
2,600.0
1,900.0
1,881.8
472.0
Purchase Price
(RMB million)
1,863.5
1,102.0
1,760.0
264.0
Acquisition Date
2
Phase 1:
5 February 2008
Phase 2:
29 September 2008
1 December 2006 30 December 2013 8 November 2006
Committed Occupancy Rate
(as at 31 December 2013) (%)
98.3
99.0
95.9
97.1
Shopper Traffic for 2013
3
(million)
34.9
10.6
N.M.
5
11.5
Major Tenants
Beijing Hualian
Supermarket
Vero Moda/
Only/Selected/
Jack & Jones
Uniqlo
ʼnşઔ
(
ᇒ⊰ⅶॱ莱殟㢏
濠㆐㲫俍
”
᪲ⅶ׆
”
莱殟箵璐
ያያᚪ
㐨Ȟ純⪡
)
KFC
Beijing Hualian
Group
(Department Store
& Supermarket)
UNIQLO
Vero Moda/
Selected/Only/
Jack & Jones
ʼnşઔ
(
ᇒ⊰ⅶॱ
莱殟㢏 濠㆐㲫俍
“
᪲ⅶ׆
”
莱殟箵璐
ያያᚪ
)
I.T
ZARA
Carrefour
Poly Cinema
H&M
GAP
La Chapelle
Vero Moda/Only/
Selected/Jack &
Jones
Ąᙽᆼ׎⟆ᶄྡ
(Cinema)
Carrefour
Uniqlo
Bao Da Xiang
Shopping For Kids
H3 Club (Gym)
Haoledi (KTV)
Gross Revenue for 2013
(RMB million)
241.4
183.1
N.M.
5
88.5
Net Property Income for 2013
(RMB million)
162.2
129.2
N.M.
5
36.1
1
Independent valuations of CapitaMall Qibao, CapitaMall Wuhu, CapitaMall Shuangjing, CapitaMall Anzhen and CapitaMall Saihan were conducted by
CBRE Pte. Ltd.
Independent valuations of CapitaMall Erqi, CapitaMall Minzhongleyuan, CapitaMall Wangjing and CapitaMall Xizhimen were conducted by
Colliers International (Hong Kong) Ltd.
CapitaMall Grand Canyon’s valuation was based on management’s valuation as the acquisition of the mall was completed on 30 December 2013. The mall
was purchased from Capital Airport Real Estate Group Ltd for a purchase consideration of RMB1,760 million. An independent valuation by CBRE Pte Ltd.
valued the mall at RMB1,830 million as at 15 April 2013, and its validity was subsequently extended to 31 August 2013. The valuer has considered valuation
techniques including capitalisation and discounted cash flows in arriving the valuation of CapitaMall Grand Canyon.
Portfolio
Summary
N.M.: Not Meaningful.