Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/931" target="_blank" data-smartkarma-citation="entities:931:1">Viva Industrial Trust (VIT SP)</a> is a Singapore focused property trust that owns business park properties, logistics properties, light industrial properties and a hotel.VIT's strategy going forward is to target ICT / Information Technology tenants, many of whom have recently moved out from the Central Business District (CBD) into business parks such as Changi Business Park and Viva Business Park (VBP).VIT recently (16 Jan 2017) completed the acquisition of 6 Chin Bee Avenue for a total acquisition cost of SGD 96.8m. This asset is now on a 7-year-triple-net master lease at SGD 7.44m per annum (8% NPI yield). Interestingly, the vendor (Sharikat National Pte Limited), was paid 30.5m VIT shares (SGD 23.0m) as part of the consideration for the asset and this isn't the first such arrangement VIT has done. We were at VIT's FY2016 briefing; below the fold are the key takeaways...

Viva Industrial Trust (VIT SP) is a Singapore focused property trust that owns business park properties, logistics properties, light industrial properties and a hotel.VIT's strategy going forward is to target ICT / Information Technology tenants, many of whom have recently moved out from the Central Business District (CBD) into business parks such as Changi Business Park and Viva Business Park (VBP).VIT recently (16 Jan 2017) completed the acquisition of 6 Chin Bee Avenue for a total acquisition cost of SGD 96.8m. This asset is now on a 7-year-triple-net master lease at SGD 7.44m per annum (8% NPI yield). Interestingly, the vendor (Sharikat National Pte Limited), was paid 30.5m VIT shares (SGD 23.0m) as part of the consideration for the asset and this isn't the first such arrangement VIT has done. We were at VIT's FY2016 briefing; below the fold are the key takeaways...

Viva Industrial Trust - FY 16 Results; 9.1% Yield with Room for Growth