Mindspace Business Parks REIT - Annual Report 2023-24

S1

Target the right set of occupiers and become their partner of choice

Target the best set of global Fortune 500 occupiers and offer unmatched experience by leveraging the expertise of our in-house property management services
Engage in constant conversations with occupiers through various tenant engagement initiatives and asses their expansion plan
Go for new construction and redevelopment of existing assets to cater to new demand in the market

0+

Total tenants

0.9%

Leasing to new tenants

0.1%

Leasing to existing tenants

S2

Optimize capital structure

Constantly evaluate opportunities to bring down the cost of borrowing, by employing an optimum mix of fixed and variable debt
Maintain a diversified blend of funding sources and minimize refinancing risks by having a mix of short-term and long-term maturities
Allocate capital towards portfolio expansion via value-accretive organic and inorganic growth opportunities

0.1%

Net debt to
market value

0.6%

Proportion of
fixed cost debt

0.2 YEARS

Weighted Average Maturity

C.0.5%

Of outstanding debt is through Green Financing

S3

Proactive asset management and enhancement

Research the best asset management practices and asset specifications adopted globally
Undertake periodic asset upgrades to improve rentals and enhance the life of assets
Use the expertise of experienced, in-house facility management division to foster and cultivate strong tenant relationships

0%

Independent Directors on the Board

0

Green
buildings

0%

Waste generated is diverted to Authorized Recyclers

S4

Sustainability as a business philosophy

Integrate the philosophy of sustainability into the entire value chain of our business ecosystem for long-term value creation
Continue to drive a responsible business while maintaining high standards of governance and transparency
Minimize the ecological impact by adopting the best sustainability measures in the assets we construct
Constantly work towards community and human capital development

0+

Experienced in–house
facility management team (Camplus)

0 'Sword of Honour' awards

Received from British Safety Council across seven parks

STRATEGY

Creating
Stakeholder Value

S1

Target the right set of occupiers and become their partner of choice

0+

0.9%

0.1%

S2

Optimize capital structure

0.1%

0.6%

0.2 YEARS

C.0.5%

S3

Proactive asset management and enhancement

0%

0

0%

S4

Sustainability as a business philosophy

0+

0 'Sword of Honour' awards

STRATEGY

Creating Stakeholder Value

S1

Target the right set of occupiers and become their partner of choice

0+

0.9%

0.1%

S2

Optimize capital structure

0.1%

0.6%

0.2 YEARS

C.0.5%

S3

Proactive asset management and enhancement

0%

0

0%

S4

Sustainability as a business philosophy

0+

0 'Sword of Honour' awards

Creating
Stakeholder Value