Established in 1976, the Sponsor is a leading integrated property group based in Singapore with operations covering the full spectrum of the real estate value chain, ranging from end-to-end construction1, design and development, to fund management.
Given its intimate knowledge of the Singapore industrial market, the Sponsor has been successful in securing a number of development projects from JTC; in particular the Concept and Fixed Price Tender Scheme which was a land allocation mechanism by JTC which evaluated bids based on submitted proposals rather than price. Eightrium @ Changi Business Park, Solaris, Tuas Connection, West Park BizCentral and Bukit Batok Connection amounting to approximately 71.5% (by carrying value) of Soilbuild REIT's portfolio were conceptualised, designed and developed by the Sponsor, demonstrating its strong design and development capabilities.
The Sponsor is committed to support Soilbuild REIT over the long term. The Sponsor, Mr Lim Chap Huat and his immediate family members hold an aggregate of 29.6% of the total number of units outstanding as at 31 December 2019, demonstrating an alignment of interests with Unitholders. The Sponsor is wholly-owned by Mr Lim Chap Huat.
The Sponsor's experience and track record have been recognised through the various awards and accolades it has received through the years, including being a six-time winner of both the Singapore SME Enterprise 50 Awards and the Singapore SME 500 and 1000 Awards.Note:
- Mr Lim Chap Huat is a controlling shareholder of Soilbuild Construction Group Ltd. which undertakes construction activities.