Monday 6 May 2013

Dividend Chaser on Croesus Retail Trust IPO

(From Article)

Additional info as below

4 Shopping mall located at Tokyo and Osaka.

1) Aeon Town Moriya
Appaised Value (JPY mm) - 12,800
FY2014 NPI (JPY mm) - 820
NLA (sq m) - 68,047
No of Tenants - 1 Master Lease, 112 sub-tenants

2) Aeon Town Suzuka
Appaised Value (JPY mm) - 8,790
FY2014 NPI (JPY mm) - 592
NLA (sq m) - 43,501
No of Tenants - 1 Master Lease, 40 sub-tenants

3) Luz Shinsaibashi
Appaised Value (JPY mm) - 9,380
FY2014 NPI (JPY mm) - 449
NLA (sq m) - 2,342
No of Tenants - 4

4) Mallage Shobu
Appaised Value (JPY mm) - 21,500
FY2014 NPI (JPY mm) - 1,261
NLA (sq m) - 66,732
No of Tenants - 243

CRT's distrubtion policy is to distribute 100% of its distribute income for the period from the Listing Date to 30 June 2014 and from 1 July 2014 to 30 June 2015. Thereafter, CRT will seek to distribute at least 90% of its distributable income. The acutal level of distribution will be determined at the Trustee- Manager's discretion.

The properties are each conveniently accessible via major highways, rail stations or arterial roads. Their portfolio has a mix of quality and retail malls catering to the young and the trendy and quality suburban malls with quality tenants that cater to the general population.

The cornerstone investors are as the following: (lock-up period 6 months)
Asdew Acquisitions Pte Ltd, Citadel Asset Management,
D.E. Shaw Valence International, Inc.,
Eastspring Investments (Singapore) Limited,
G. K. Goh Strategic Holdings Pte Ltd,
Hong Leong Asset Management Bhd,
Hwang Investment Management Berhad,
JF Asset Management Limited,
JABCAP Multi Strategy Master Fund Limited,
Myriad Asset Management Limited and
Target Asset Management Pte Ltd

IPO Timetable
3 May 2013 9am - Opening date and time for the Public Offer
8th May 2013 12 noon - Closing date and time for the Public Offer
10th May 2013 2.00 pm - Commencement of Trading on the SGX-ST

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