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TCT Press Releases

     
 
06/07/11

Treasury China Trust Completes Acquisition of
Huai Hai Mall in Shanghai

 

Singapore/Hong Kong 5 July 2011 – Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”), is pleased to announce the successful completion of acquisition of Huai Hai Mall in Shanghai for a price of S$109.50 million (RMB 574.091 million).

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30/06/11

Treasury China Trust awarded
“Outstanding China Enterprise Award” for Property Trust

 

Singapore/Hong Kong, 30 June 2011 - Treasury Holdings Real Estate Pte Ltd, Trustee Manager
of Treasury China Trust (“TCT”), is pleased to announce that TCT, a Singapore-listed business
trust and leading owner, manager and developer of commercial real estate in China has been
recognised as “Outstanding China Enterprise for Property Trust” by Capital Magazine in its
“The 6th Capital Outstanding China Enterprise Awards 2011”.

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08/06/11

TREASURY CHINA TRUST UNIT BUY-BACK PROGRAMME
ACHIEVES INITIAL GOALS

 

Treasury Holdings Real Estate Pte. Ltd., the Trustee-Manager of Treasury China Trust (“TCT”), a leading owner, manager and developer of commercial real estate in China is pleased to announce that its unit-buy back program has achieved the initial goals set for its performance as at 3 June 2011, one month after the launch of the program.

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25/05/11

Treasury China Trust awarded Best Real Estate Fund House
by AsianInvestor

 

Treasury Holdings Real Estate Pte Ltd, as Trustee Manager of Treasury China Trust (“TCT”) is pleased to announce that TCT, the Singapore listed business trust with an exclusive focus as an owner, manager and developer of Chinese commercial real estate has been recognized as Asia’s best performing Real Estate Fund Manager by AsianInvestor in its 2011 Institutional Funds Management Awards.

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04/05/11

TREASURY CHINA TRUST LAUNCHES UNIT BUY-BACK PROGRAMME

 

Singapore, May 4, 2011 – Treasury Holdings Real Estate Pte. Ltd., the Trustee-Manager of Treasury China Trust (“TCT”), is pleased to announce that it has launched a unit buy-back programme approved as part of its ongoing proactive management to deliver comprehensive returns to its unitholders under its “Total Return” strategy. Its implementation follows the unanimous approval of the resolution tabled at TCT’s Extraordinary General Meeting of Unitholders on 29 April 2011.

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03/05/11

TREASURY CHINA TRUST Q1 2011 RESULTS
GROSS REVENUE UP 14% YEAR-ON-YEAR

 
  • Net Profit of S$7.03 million
  • Net Property Income 8.6% ahead of forecast, underscoring resilience of business
    model and effectiveness of proactive management
  • Reaffirms intention to distribute S$10 cents per unit for 2011

Singapore, May 3, 2011 – Treasury Holdings Real Estate Pte. Ltd., the Trustee-Manager of
Treasury China Trust (“TCT”), announced today Gross Revenue of RMB100.13 million (S$19.45
million) for Q1 2011, representing a significant increase of 14% over Q1 2010 gross revenue.

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12/04/11

Treasury China Trust Completes Acquisition of Central Avenue Mall, Qingdao
Underwrites future balance sheet and income growth


 

Hong Kong, 12 April 2011 – Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”), is pleased to announce the successful acquisition of a 55% interest in Central Avenue Mall, in Qingdao, China reinforcing TCT’s position as a leading player in China’s commercial real estate market as a proactive owner, manager and developer of approximately RMB11.0 billion of assets located in Shanghai, Beijing and now Qingdao.

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10/03/11

Treasury Building secures major tenant
Property 100% occupied


 

Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”) today announced that it has entered into a lease for 1,636sqm of space with Eastern Life Insurance at the Treasury Building, a 12 storey International Grade A office building in Shanghai.

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03/03/11

Treasury China Trust Secures Marks & Spencer Pre-commitment for Flagship Store at City Center in Shanghai

 

Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”) today announced that a 10 year lease pre-commitment for 3,768 square metres of retail space has been secured from global retail chain Marks & Spencer as an anchor tenant of TCT’s City Center property in Shanghai.

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28/02/11

TREASURY CHINA TRUST RECORDS NPAT OF SGD39.61M
Q4 REVENUE UP 9.4%

 

• Net profit of SGD39.61 m for six month period ended 31/12/10
• Q4 gross revenue increased 9.4% over Q3 2010
• Annual increase of 4.61% in real estate portfolio value to RMB 9.61 bn
• Distributable income for Q4 up four fold to SGD3.255m
• Quarterly distribution of 2.5 cents per unit declared
• TCT reaffirms its commitment of 10 cents per unit distribution for 2011.
• Committed portfolio occupancy exceeds 90%

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24/02/11

Treasury China Trust to Acquire Shanghai’s Huai Hai Mall
for RMB575.0 million (S$112.68 million)


 

Singapore, 24 February 2011 - Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”) and one of China’s leading commercial property players, today announced that it has entered into a binding contract to acquire 100% of the Huai Hai Mall in Shanghai for RMB575.0 million.

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24/02/11

Treasury China Trust to issue SGD59.7m of Convertible Bonds


 

Singapore, 24 February 2011 - Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”) and one of China’s leading commercial property players, today announced its intention to issue SGD59.7m of Convertible Bonds at a price of SGD2.10 per unit, a 20% premium to TCT’s closing price on Wednesday 23 February 2011.

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17/01/11

Treasury China Trust Successfully Completes
USD120 Million Refinancing of Central Plaza in Shanghai

 

Hong Kong, 17 January 2011 - Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”), today announced the settlement of a 3-year multi-currency loan facility equivalent to approximately USD 120 million to refinance its Central Plaza asset in Shanghai, bringing to a successful conclusion a 12 month period in which TCT has finalized mandates totaling over USD450.0 million and RMB1.5 billion to restructure its debt portfolio resulting in the funding requirements for its existing RMB9.61 billion real estate portfolio being fully underwritten and average cost of debt being substantially reduced to less than 4.0% pa.

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11/01/11

Treasury China Trust
Property Portfolio Valued at RMB 9.61 billion

Annual Increase of 4.61% to 31 December 2010

 

Hong Kong, 17 January 2011 -Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”), today announced that it recorded an increase of RMB423 million or 4.61% to reflect a total value of RMB9.61 billion (SGD1.874 billion) for its real estate portfolio for the 12 months ended 31 December 2010, as determined by independent valuation company DTZ Debenham Tie Leung.

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10/12/10

TCT Investment Presentation -
Strategic Acquisitions and Capital Raising

 

Follow this link to download the TCT investment presentation as a PowerPoint document.

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30/11/10

Treasury China Trust Secures Development Financing for
Beijing Logistics Park

 

Hong Kong, 30 November 2010 - Treasury Holdings Real Estate Pte Ltd, Trustee Manager of Treasury China Trust (“TCT”), today announced that Industrial and Commercial Bank of China (“ICBC”) has approved terms for the provision of RMB170,000,000 of development finance for TCT’s Beijing Logistics Park project to facilitate the commencement of construction in the first quarter of 2011.

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27/10/10

Treasury China Trust Records NPAT of SGD 18.75 million and Declares SGD 2.5 Cents/Unit Distribution for Q3 2010

  • A distribution of SGD2.5 cents per unit for Q3 2010, equating to annualized yield of 6.54%¹
  • Commitment to distribute SGD2.5 cents per unit for Q4 2010
  • Commitment to distribute SGD10 cents per unit for full year 2011
  • Net Profit After Tax (NPAT) of SGD 18.675 m (EPU SGD 7.78 cents per unit) against forecast NPAT of SGD 0.014 m
  • Net Distributable Income of SGD0.845 m against forecast loss of SGD4.306 m
  • Net Property Income of CNY52.067 m in line with forecast
  • Gross Rental Income of CNY94.845 m in line with forecast
  • Portfolio Occupancy of 86.9%, up by 3.3% year to date
  • Real Estate portfolio valuation up 2.5% in the 6 months to 30 June 2010 in CNY terms
  • Completion of refinancing of City Center of dual currency facility equivalent to
    USD480.0 m including CNY800.0 m development loan for City Center Extension
 

Singapore, October 27, 2010 - Treasury Holdings Real Estate Pte. Ltd., the Trustee-Manager of Treasury China Trust (“TCT”), today announced Net Profit After Tax (“NPAT”) of SGD18.675 million, resulting in Net Distributable Income of SGD0.845 million for the quarter ending 30 September 2010. The Trust also declared Distribution Per Unit (“DPU”) of SGD2.5 cents, translating to an attractive annualised yield of 6.54%¹.

¹ Based on TCT closing price of SGD 1.53 per unit as at 25 October, 2010

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03/09/10

Treasury China Trust’s City Center Sees Strong Leasing Demand
in Shanghai - 23,800 sqm of committed office leases in past four months

 

Singapore, September 3, 2010 - Treasury Holdings Real Estate Pte Ltd, the Trustee Manager of
Treasury China Trust (“TCT”), today announced that its prime City Center asset has secured
23,800 sqm in new and renewed leases for the office complex over the past four months ending 31 August 2010.

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26/08/10

Treasury China Trust forms strategic partnership to expand into Shandong Province commercial property market in China

 

Singapore, 26 Aug. 2010 - Treasury Holdings Real Estate Pte Ltd, the Trustee Manager of Treasury China Trust (“TCT”), today announced a Strategic Partnership Agreement with the Qingdao-based TRIO Group to expand into China’s east coast province of Shandong in what CEO Richard David says, “is the first in what we expect to be a number of such announcements in the coming months to broaden TCT’s China footprint.” This strategic cooperation marks an important first step for TCT, which listed on the SGX in June of this year with SGD1.9 billion in assets, into China’s regional gateway cities outside of its current base of Beijing and Shanghai.

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12/08/10

Treasury China Trust secures 82% rental increase
for key Shanghai tenant

 

Singapore, 12 Aug. 2010  - Treasury China Trust, which listed on the Singapore main board in June of this year, announced that Central Plaza, a 22 level prime office and retail tower located in the heart of the Shanghai CBD, recently secured an 8 year extension for Nina’s Sichuan Restaurant (‘蜀菜行家’) at an 82% increase over the previous rent. This commitment by Nina’s reinforces the property’s recent transformation by TCT into a high quality office tower complemented by a unique 3 level food and beverage retail podium offering a wide-ranging spectrum of fashionable and innovative dining and entertainment experiences.

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27/07/10

Treasury China Trust Successfully Completes USD 480 Million Refinancing of City Center in Shanghai

Rental income expected to double in three years

 

Singapore, 27 July 2010 - Treasury Holdings Real Estate Pte Ltd ("THRE"), the Trustee Manager of Treasury Chuna Trust ("TCT"), today announced the successful completion and settlement of a 5-year multi-currency loan facility for its Shanghai-based property City Center. The property. 100% owned by TCT, is an office and retail complex comprising approximately 150,000 sqm of income-producing commercial real estate located in the Hong Qiao district of Shanghai.

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05/07/10

Treasury China Trust Portfolio Revalued at RMB9.42 billion
Increase of 6.64% for the 12 months ending 30 June 2010

Completion of Central Plaza Refurbishment
Tenancy programme progressing strongly

 

Singapore, 5 July 2010 - Treasury Holdings Real Estate Pte Ltd, the Trustee Manager of Treasury
China Trust (TCT), today announced that its real estate portfolio recorded a 6.64% increase for the 12 month period ending 30 June 2010 and a 2.53% increase in RMB terms since 31 December 2009. International firm DTZ Debenham Tie Leung has confirmed the total value at RMB9.42 billion or SGD 1.94 billion. In Singapore dollar terms this represents a 2.7% increase in the value since 31 December 2009 (SGD1.889 billion).

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21/06/10 Treasury China Trust appoints new CFO and CIO

 

Singapore, 21 June 2010 – Treasury Holdings Real Estate Pte Ltd, the trustee
manager of Treasury China Trust (TCT), today announces the appointment of Mr Jerry
Lee Yang Chiang as the Chief Financial Officer (CFO) and Ms Wendy Yao as the Chief
Investment Officer (CIO) with immediate effect.

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21/06/10 Treasury China Trust debuts on SGX

 

- Offering 100% exposure to commercial real estate in China
- Projected tax-free annualised distribution yield of 5.8% (1) for Financial Period 2010 (2)
- In-built growth pipeline through the development of existing projects in Shanghai and Beijing.

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