Basic Profile & Key Statistics
Main Sector(s): Office, Industrial & LogisticsCountry(s) with Assets: Singapore, United States, Australia, England, Netherlands, France, SwitzerlandNo. of Properties (exclude development/associate/fund): 227
Performance Highlight
Gross revenue and NPI improved YoY mainly due to the acquisition between Feb 2022 to May 2023. However, the amount available for distribution and DPU have declined slightly YoY due to higher borrowing costs.Rental Reversion
Rental reversion is positive for both 1Q and 2Q. The average 1H rental reversion is at 14.2%.In 1H 2023, CLAR completed 3 acquisitions amounting to S$ 514.9 million and divested KA Place at S$ 35.4 million.
Development completion for MQX4 has been further delayed from initially 4Q 2022 to 2Q 2023, and now to 2H 2023. As for redevelopments, 1 Science Park Drive and 27IBP (previously iQuest) are expected to complete by 2Q 2025 and 1Q 2026 respectively. There is a new