Before Retro-fitting

After Retro-fitting

Zhangjiang Lotus Business Park

22% Fund IRR

Location

Zhangjiang Middle Zone, Pudong, Shanghai. Close to Metro Line 13

Investment Rationale

Strong demand in Zhangjiang from large number of MNCs and start-ups

Increasingly limited land supply, purchase price is close to replacement cost

Middle zone enjoys better planning and facilities as compared to North zone with government's intensive investment

Surrounded by many international companies, such as Novatis, HP, and Baidu etc

Team Responsibilities

Deal sourcing, investment, negotiation and deal closing

Asset enhancement initiatives

Zhangjiang Lotus Building 6

40%+ Fund IRR

Location

Zhangjiang Middle Zone, Pudong, Shanghai. Close to Metro Line 13

Investment Rationale

Purchase price is much lower than replacement cost

Project size and signage is very attractive as corporate headquarter

Synergy effect with other buildings in the park, better for asset management and divestment

Team Responsibilities

Deal sourcing, investment, negotiation and deal closing

Asset enhancement initiatives, cooperation with designer and contractor

Before Retro-fitting

After Retro-fitting

Before Retro-fitting

After Retro-fitting

Zhangjiang i-Link

30%+ Projected IRR

Location

Zhangjiang Middle Zone, Pudong, Shanghai. Close to Metro Line 13

Investment Rationale

Strong demand in Zhangjiang from large number of MNCs and start-ups

Increasingly limited land supply, purchase price is close to replacement cost

Middle zone enjoys better planning and facilities as compared to North zone with government's intensive investment

Surrounded by many international companies, such as Novatis, HP, and Baidu etc

Team Responsibilities

Deal sourcing, investment, negotiation and deal closing

Asset enhancement initiatives

Ascendas China Commercial Fund II

Fund IRR (after fees and carry) 13.3%

2013
Best Exit

Portfolio Entry Date Entry Price Exit Date Exit Price Fund IRR Equity Multiplier
Ocean Tower 2007.06 1,430 million 2013.01 1,930 million 9.4% 1.6
Ascendas Plaza 2009.08 810 million 2013.06 1,420 million 19.5% 2.0
Cross Tower 2010.09 1,310 million 2013.07 1,660 million 15.0% 1.5
Team Responsibilities Project investment, asset management,
Asset enhancement initiatives, divestment
Ascendas Plaza

Before Retro-fitting

After Retro-fitting

Ocean Tower
Cross Tower

Before Retro-fitting

After Retro-fitting

French Concession Apartment

Team Responsibilities

Design Coordination, Construction Management

Purchasing, Lease Management

Retro-fitting Challenges &Solutions

No bathroom: build internal bathroom with same-floor drain

Small unit size: accommodate bedroom, living room, bar area, kitchen, bathroom, and storage functions through proper layout design

Tenants' Feedback ★★★★★

Yuyu: very comfortable and feels like home

Yuan: nice decoration style, very clean, highly recommended

Yuhua: an awesome apartment

Jack: Sdecorated to a very high standar

Jingan Park Showroom

Team Responsibilities

Design Coordination, Construction Management

Retro-fitting Challenges & Solutions

The space is served for member's events, showroom and promotions for fashion brands, as well as furniture and flower display during non-busy days

To emphasize on the compatibility of design and functionalities

Before Retro-fitting

After Retro-fitting