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    T82U   SG1Q52922370

SUNTEC REAL ESTATE INVESTMENT TRUST

(T82U)
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Suntec Real Estate Investment Trust : Olderfleet, 477 Collins Street Awarded Winner At The World Architecture Festival For Office - Completed Buildings Category

12/06/2021 | 04:52am EST

Trust Management (Suntec) Limited

Press Release

Manager of

6 December 2021

Olderfleet, 477 Collins Street Awarded Winner at the

World Architecture Festival for

Office - Completed Buildings Category

Singapore, 6 December 2021 - Suntec Real Estate Investment Trust (Suntec REIT) is pleased to announce that the iconic Olderfleet, 477 Collins Street in Melbourne, Australia, has won the prestigious World Architecture Festival (WAF) 2021 Awards for Office - Completed Buildings category. The WAF drew 733 entries with 19 projects shortlisted for the Office - Completed Buildings category.

Currently in its thirteen year, the WAF is the world's largest festival and live awards competition dedicated to celebrating and sharing architectural excellence from across the globe.

Mr. Chong Kee Hiong, Chief Executive Officer of the Manager, said, "We are honoured that Olderfleet was internationally recognised by architects and industry professionals and awarded winner in the Office - Completed Buildings category. We congratulate Mirvac, our joint venture partner and Grimshaw Architects in curating this wonderful ecosystem that successfully married the past, present and future at Olderfleet".

Designed by Grimshaw Architects, the development harmoniously integrates a 40-storey modern commercial tower with three of Melbourne's significant heritage buildings - the Olderfleet buildings, that were constructed between 1887 and 1889. A 25-metre high atrium with a light-filled lobby now sits between these three buildings and the new tower, creating not just a linkage between modernity and heritage, but also serves as a valuable third space for the community.

In addition, Olderfleet provides tenants with a technology-enabled,sustainability-focused workplace with amenities that complete a 'work, live, play' lifestyle such as hotel style end-

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of-trip facilities, a concierge, business lounge, flexible space options, childcare facilities, a boutique fitness studio and a well-curated range of food and beverage options.

Located along Melbourne's most prestigious commercial address, the premium grade office building has a net lettable area of 58,000 sqm and was completed in July 2020. The development is targeting to achieve 6 Star Green Star rating, 5 Star NABERS Energy rating as well as International WELL Platinum rating for Core & Shell.

Olderfleet, 477 Collins Street

-END-

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ABOUT SUNTEC REIT

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore's largest integrated commercial development (including one of Singapore's largest shopping Mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay and a one- third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall. Suntec REIT holds a 100% interest in a commercial building located at 177 Pacific Highway, Sydney, a 100% interest in a commercial building located at 21 Harris Street, Pyrmont, Sydney, a 50.0% interest in Southgate Complex, Melbourne, a 50.0% interest in a commercial building located at Olderfleet 477 Collins Street, Melbourne and a 100% interest in a commercial building located at 55 Currie Street, Adelaide, Australia. Suntec REIT also holds a 50.0% interest in Nova Properties and a 100% interest in The Minster Building both located in London, United Kingdom. Suntec REIT is managed by an external manager, ARA Trust Management (Suntec) Limited. For more details, please visit www.suntecreit.com.

ABOUT ARA TRUST MANAGEMENT (SUNTEC) LIMITED

Suntec REIT is managed by ARA Trust Management (Suntec) Limited, a wholly-owned subsidiary of ARA Asset Management Limited ("ARA").

ARA is the largest real assets manager in Asia Pacific with US$95 billion1 in gross assets under management by the Group and its associates. ARA Group operates a global platform with a focus on APAC, managing public and private investment funds that invest across traditional and New Economy real estate assets spanning office, logistics, retail, residential, hospitality, and data centers, as well as private real estate credit and infrastructure. ARA's vertically integrated business includes development and value-add asset management capabilities, an in-house capital raising team, and property management expertise in local markets where ARA invests and manages assets. With a resolute focus on creating sustainable value, ARA manages funds on behalf of many of the world's largest pension funds, sovereign wealth funds and financial institutions.

For more information, please visit www.ara-group.com.

IMPORTANT NOTICE

This announcement is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or acquire, units in Suntec REIT (the "Units") in any jurisdiction in which such an offer or solicitation is unlawful.

The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. The past performance of Suntec REIT is not necessarily indicative of the future performance of Suntec REIT.

Contacts

ARA Trust Management (Suntec) Limited

Tel: +65 6835 9232

Melissa Chow

Manager, Investor Relations melissachow@ara-group.com

1 Includes assets under management by ARA Asset Management Limited and the Group of companies ("ARA Group") and its Associates as at 30 June 2021, adjusted for LOGOS' acquisition of Moorebank Logistics Park announced on 5 July 2021.

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Disclaimer

Suntec Real Estate Investment Trust published this content on 06 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2021 09:51:08 UTC.


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