59 / 212
18.8%
12.9%
9.1%
8.1%
7.1%
5.9%
4.1%
3.8%
3.7%
3.4%
% CONTRIBUTION TO RENTAL INCOME
OF TOP 10 TENANTS FOR FY 2016
(1) The property was valued by CBRE Pte. Ltd. using a combination of the Capitalisation and Discounted Cash Flow approaches.
Claymore Connect is within a short walking distance of Orchard MRT
station, situated at the junction of Scotts Road, Paterson Road and
Orchard Road. Its main entrance is along Claymore Road, with direct
access to Orchard Hotel from the mall’s mezzanine floor and Level 2.
Positioned as a family-oriented and lifestyle mall on Orchard Road,
the mall, which was officially opened in late 2015 after extensive
renovation, has been actively enhancing its retail offerings to cater
to the growing captive residential population in the nearby precincts
of Tanglin, Orchard and Claymore, given the increasing number of
residential developments in these areas. Orchard Hotel guests are also
able to enjoy the convenience of the F&B outlets, beauty, wellness and
lifestyle services at the mall.
Apart from the anchor tenant Cold Storage, Claymore Connect
features tenants such as MapleBear Singapore – an early education
centre offering Canadian education philosophies and practices,
combined with Singapore’s bilingual literacy curriculum and Ch’i Life
Studio – Singapore’s Premier International Martial Arts Studio for
children and adults of all ages. Housing the very first of its kind in
Singapore, Claymore Connect is also home to Trehaus – a co-working
space complete with child play and learning facilities, offering adults a
space to work and meet, while their children are being engaged and
supervised by caring minders.
The mall also offers a diverse range of food and beverage selections
such as Mon Bijou, an artisanal bistro featuring all-day dining favourites,
French pastries and desserts; Hua Ting Steamboat, a gourmet
Cantonese hotpot offering by the renowned Hua Ting restaurant;
Jewel Coffee, a leading purveyor of third-wave coffee in Singapore
and South-East Asia’s leading chain of wine shops – Wine Connection.
With active lease management, the mall welcomed back a previous
tenant in 2016, Muddy Murphy’s, which is one of the earliest Irish
pubs to open its doors in Singapore more than 20 years ago. The
Irish cottage themed pub has a loyal following for its dining and
drinks options as well as live televised sports and bands. PIM PAM by
FOC also opened in 2016, where this Gastro-bodega inspired by the
Barcelonan tapas and wine culture, offers unique Catalan cuisine which
is not unlike the gastronomic experience from FOC’s Michelin-starred
chef, Nandu Jubany.
In addition, the mall also offers a number of lifestyle and fashion
retailers such as Maharaja’s Custom Tailors, one of Singapore’s
leading bespoke men’s and womenswear specialists established since
1958 and House of Fine Jewels, offering a wide collection of precious
gems and jewellery in exquisite designs. Claymore Connect also
features a number of beauty and wellness outlets ready to pamper
discerning patrons.
PROPERTY DETAILS
Net lettable area (including Galleria):
Approximately 7,100 sq m
Car park facilities:
The car park facilities are shared with Orchard Hotel
Title:
75-year leasehold interest commencing from 19 July 2006
Vendor:
City Hotels Pte. Ltd.
Purchase price at 19 July 2006:
S$34.5 million
Valuation
(1)
as at 31 December 2016:
S$90.0 million
FY 2016 KEY FINANCIALS
Rental income:
S$6.1 million
Net property income:
S$3.2 million
Total number of tenants as at 31 December 2016:
20
Committed occupancy rate as at 31 December 2016:
91.4%
LEASE EXPIRY ANALYSIS BY PASSING
RENTAL INCOME AS AT MONTH OF EXPIRY
2017
2018
2019
2020
2021
TENANT MIX BY RENTAL INCOME
FOR FY 2016
F&B
Entertainment
Supermarket
Beauty &
Wellness
Lifestyle,
Fashion &
Recreation
Education &
Services
Others
10%
10%
62%
9%
9%
24%
22%
19%
15%
9%
7%
4%
57
Annual Report 2016
PROPERTY PORTFOLIO