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Indian company
10%
Multinational
corporation
90%
Singapore
2%
Netherlands
1%
Germany
1%
India
France
UK
13%
6%
4%
Switzerland
1%
USA
71%
Tenant country of origin
by base rental
Tenant company structure
by base rental
Tenant concentration risk
We minimise tenant concentration risk by diversifying
our tenant base extensively. We had in total 345 tenants
as at 31 March 2014. On average, a single tenant takes
up 20,470 sq ft of space. Our largest tenant accounted
for 7% of portfolio base rents. Collectively, the top 10
tenants contributed 34% of portfolio base rents.
Our tenants came from a wide range of industries. IT
and software development companies make up close
to half of our tenant base. The rest of our tenants come
from diverse industries such as banking, gaming and
automotive sectors.
In terms of the type of business activity that is
undertaken in our portfolio, over half of our tenants
conduct IT-related work solely. The IT category refers
to services rendered at the top end of the IT value
chain, including software and application development,
animation, and gaming design. ITES, which means IT
Enabled Services, captures lower value-added services
such as call centres and business process outsourcing
functions. The segment IT/ITES refers to tenants which
undertake both types of activities within their premise.
Tenant core business & activity by base rental
54%
IT
IT/ITES
25%
ITES
Retail & F&B
R&D
Others
12%
5%
3%
1%
Healthcare &
Pharmaceutical
2%
IT, Software
& Application
Development and
Service Support
53%
Telecommunication
& Network
2%
Automobile
3% Retail
3%
Others
1%
F&B
2%
1%
9%
Corporate and
Professional
Services
Design, Gaming
and Media
18%
Oil & Gas
Electronics,
Semiconductor
& Engineering
2%
4%
Banking & Financial