Portfolio Overview

As at 31 December 2020, BHG Retail REIT's portfolio consists of six retail properties located in areas surrounded by growing middle or upper-middle income families. Our retail malls serve their communities through their wide range of products, excellent experiential services and popular community engagement activities.

Of the six properties, four are multi-tenanted, namely Beijing Wanliu Mall, Chengdu Konggang Mall, Hefei Mengchenglu Mall, and Hefei Changjiangxilu. The remaining two properties, Xining Huayuan Mall and Dalian Jinsanjiao Property, are master-leased to BHG Hypermarket Co., Ltd..

Gross Floor Area

311,691 sqm

Gross Floor Area (GFA)


Net Lettable Area

179,544 sqm

Net Lettable Area (NLA)


Net Lettable Area

654

No. of Leases


Occupancy Rate

93.5%

Occupancy Rate


Independent Valuation

RMB4,659.0 million

(100%)

RMB3,658.2 million

(Based on 60% interest of
Beijing Wanliu)

Independent Valuation


FY 2019 Gross Revenue

S$60.6 million

FY 2020 Gross Revenue


FY 2019 Net Property Income

S$36.4 million

FY 2020 Net Property Income


Weighted Average Lease Expiry by NLA

6.9 years

Weighted Average Lease Expiry by NLA


Weighted Average Lease Expiry by Gross Rental Income

3.8 years

Weighted Average Lease Expiry by Gross Rental Income


As at 31 December 2020

Portfolio Lease Expiry Profile

As at 31 December 2020, the portfolio has a weighted average lease expiry of 3.8 years by gross rental income, and 6.9 years by net lettable area. Our lease terms typically range from one to three years. Certain key or anchor tenants may be offered longer term leases.


For new and renewed leases which commenced in FY 2020, the weighted average lease expiry based on the date of commencement of the leases is 2.9 years (by gross rental income) and accounts for 32.2% of the gross rental income for the month of December 2020.

Lease Expiry Profile

 

Beijing Wanliu
Chengdu Konggang
Xining Huayuan
Dalian Jinsanjiao
Hefei Mengchenglu

Beijing Wanliu

Wanliu area is situated in Haidian District, which is one of the largest urban districts of Beijing by population and its residents have one of the highest per-capita disposable income in Beijing...

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Chengdu Konggang

Chengdu Konggang Mall brings quality shopping and experiential lifestyle services to the city's growing middle and upper-middle families...

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Xining Huayuan

Xining Huayuan Mall is a four-storey retail hub set in Ximen-Dashizi area, a traditional and core retail hub in Xining. The Mall's master lessee is Beijing Hualian Hypermarket which offers a wide range of quality fresh produce, daily necessities and household items sourced locally and internationall...

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Dalian Jinsanjiao

Situated amidst residential estates in Dalian, Dalian Jinsanjiao Property offers residents and professionals living and working in the area a reliable source of groceries and general merchandise...

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Hefei Mengchenglu

Hefei Mall is one of Hefei City's first multi-tenanted retail mall with six levels of diversified retail services to meet the lifestyle needs of the growing middle income population...

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