NEW ECONOMY – LOGISTICS PARKS LOGISTICS PARK LEASE EXPIRY PROFILE CLCT completed the acquisition of four logistics parks in November 2021. CLCT's logistics park portfolio has a WALE of 1.4 years by both GRI and NLA as at 31 December 2023. The logistics park leases due in the next two years in FY 2024 and FY 2025 account for 40.4% and 50.6% of CLCT’s logistics park portfolio GRI respectively. CLCT will continue to adopt proactive lease management strategies to renew or replace these leases ahead of expiry. WEIGHTED AVERAGE LEASE EXPIRY BY LOGISTICS PARK PROPERTY (As at 31 December 2023) Weighted Expiry (by Gross Rental Income) Years Weighted Expiry (by Net Lettable Area) Years Shanghai Fengxian Logistics Park 0.1 0.1 Wuhan Yangluo Logistics Park 1.9 2.0 Chengdu Shuangliu Logistics Park 1.4 1.4 Kunshan Bacheng Logistics Park 1.5 1.4 CLCT Logistics Park Portfolio 1.4 1.4 LEASE EXPIRY PROFILE FOR 2024 BY LOGISTICS PARK PROPERTY (As at 31 December 2023) No. of leases % of Gross Rental Income % of Net Lettable Area Shanghai Fengxian Logistics Park 3 100.0% 100.0% Wuhan Yangluo Logistics Park 4i 5.9% 4.2% Chengdu Shuangliu Logistics Park 16 44.8% 44.5% Kunshan Bacheng Logistics Park 2i 53.8% 60.2% CLCT Logistics Park Portfolio 25 40.4% 40.0% i Includes leases for ancillary buildings. LOGISTICS PARK OCCUPANCY As at 31 December 2023, the logistics park portfolio registered a committed occupancy rate of 82.0%. The portfolio is anchored by tenants from the Logistics and Warehousing, Pharmaceuticals, and E-Commerce sectors. CLCT remains well-positioned to benefit from China’s growing demand for modern logistics park and warehousing space. As at 31 December 2023 % As at 31 December 2022 % Shanghai Fengxian Logistics Park 60.3% 98.6% Wuhan Yangluo Logistics Park 99.7% 99.7% Chengdu Shuangliu Logistics Park 67.8% 88.1% Kunshan Bacheng Logistics Park 98.5% 99.2% CLCT Logistics Park Portfolio 82.0% 96.4% ANNUAL REPORT 2023 63 Financials Framework Portfolio Performance Leadership Overview
RkJQdWJsaXNoZXIy NTkwNzg=