01Cover

Cash Collaboration Opportunity

Existing income-producing B1 industrial asset in Singapore

Unit interior with forklift and ongoing operations, 10 Admiralty Street
Property photoassets/property/hero.jpg

Unit interior — 10 Admiralty Street

02Investment at a Glance

Investment at a glance

Purchase price

Entry price

psf

Floor area

sqft

Existing rent

/mth

Fixed collaboration pool

Illustrative holding period

years

Acquire an existing income-producing industrial unit while participating in annual interest and potential capital appreciation.

03Why This Asset

Why this asset

  • 01

    B1 industrial

    Zoned for clean and light industrial use.

  • 02

    Large floor plate

    sqft of contiguous space.

  • 03

    Ramp-up access

    Vehicle ramp access to upper levels.

  • 04

    Truck access

    20ft trucks to all levels; 40ft at ground floor.

  • 05

    Northern Singapore

    Strategic location in the Admiralty industrial estate.

  • 06

    Lease balance

    Approximately years remaining.

Location themes Woodlands Regional Centre Sembawang Woodlands North Coast RTS connectivity to Johor Cross-border business growth Logistics Advanced manufacturing Last-mile distribution SMEs relocating north
Vehicle ramp providing drive-up access to upper levels
Ramp access photoassets/location/ramp.jpg

Vehicle ramp access — 10 Admiralty Street

04Entry Price Evidence

Entry price

psf

total purchase price for sqft.

Recent resale transactions in the building ranged psf for comparable upper-floor units. Full table in Appendix A.

Historical transaction prices for North Link Building, upward trend from around S$160 psf in 2021 to around S$285 psf in 2026
Historical PSF chartassets/evidence/psf-history.jpg
05Income From Day One

Income from day one

/month

Existing rent from the tenancy in place.

Current tenancy

/month, in place today

Potential 2-year renewal

Same rental — indicated by tenant, subject to formal documentation

The existing tenant has indicated willingness to extend for another 2 years at the same rental, subject to formal documentation.

06Operator Alignment

Operator alignment — who pays what

Operator absorbs

    These transaction costs are carried by the operator, not the pool.

    Cash collaborator

    • Contributes the agreed collaboration capital
    • Receives the applicable annual interest for their tier
    • Participates in capital gain per the participation formula

    Terms as recorded in the cash collaborator agreement.

    07The Fixed Collaboration Pool

    The fixed collaboration pool

    A worked share: ÷ = of the pool.

    Pool closes once is fully subscribed.

    Individual contributions are recorded in the cash collaborator agreements. Once the target is reached, no additional collaboration capital is accepted.

    No dilution from later collaborators after the pool closes.

    your share (S$50k example)
    Your Remaining
    08Return Components

    Your return comes from only 2 components

    1

    Annual interest

    per annum

    Rate based on your collaboration amount tier.

    2

    Capital gain participation

    participation rate

    Applied proportionately to your share of the fixed pool.

    09How Participation Works

    How capital gain participation really works

    What it does NOT mean

    A collaborator does not receive 25% of the entire property's gain.

    What it DOES mean

    Your contribution is measured against the pool first, and the 25%/30% participation rate is then applied to that share.

    In plain English: take the net distributable capital gain, apply your tier's participation rate, then scale it by your slice of the pool.

    10Worked ExampleIllustration — based on stated assumptions

    Worked example:

    illustrative total gain over years

    illustrative cumulative -year return — not an annual rate

    AInterest component

    × × yrs =

    BCapital gain component

    ÷ = of pool

    × = effective participation

    × ≈

    11Collaboration TiersIllustration — based on stated assumptions

    Collaboration tiers

    12Where the Gain Comes FromIllustration — not a forecast

    Where the capital gain comes from

    Illustrative future exit value

    −

    Original acquisition basis

    −

    Applicable deductions defined in the agreement

    =

    Net distributable capital gain

    The illustrative net distributable capital gain is the figure used throughout this deck.

    All dependent figures across the deck recompute from this value. Drag back to to restore the base illustration.

    The actual capital gain distribution will depend on the realised net distributable capital gain at exit and the calculation methodology defined in the cash collaborator agreement. GST, stamp duty and tenant agent commission are absorbed by the operator.

    13Risks

    Risks and how they are managed

    R1

    Property exit value

    The actual selling price may differ from the illustrations in this deck.

    Context: entry at psf; comparables to be evidenced in Appendix A.

    R2

    Tenant

    The renewal intention is subject to formal documentation and may not complete.

    Context: an existing tenancy at /month is in place today.

    R3

    Exit timing

    A sale may occur earlier or later than the illustrative -year period; actual outcome may differ.

    R4

    Financing / interest rate

    Borrowing costs may change. Appendix C figures are stated assumptions, not commitments.

    R5

    Industrial lease decay

    The remaining lease (~ years) shortens over time and affects long-term value.

    14How to Participate

    How to participate

    1. 1

      Choose collaboration amount

    2. 2

      Review cash collaborator agreement

    3. 3

      Complete due diligence

    4. 4

      Sign and fund

    5. 5

      Pool closes at

    Your individual contribution will be recorded in the agreement. Once the pool is fully subscribed, no additional collaboration capital is accepted.

    Schedule a deal walkthrough Review the collaboration agreement
    AAppendix — Comparable Transactions

    Appendix A — comparable transactions

    B1 resale transactions in over the last 6 months. This unit's illustrated entry: psf ( for sqft).

    BAppendix — Rental Evidence

    Appendix B — historical rental evidence

    Current passing rent (this unit)

    /mth

    Recent in-building rents ( sqft)

    /mth

    Recent rental rates

    psf/mth

    Unit interior in operation under the existing tenancy
    Unit photoassets/property/unit-2.jpg
    CAppendix — Financing AssumptionsLegacy illustrative assumptions

    Appendix C — financing / cashflow assumptions

    These are legacy illustrative assumptions only — not commitments, quotes, or forecasts. Actual financing terms may differ.

    DAppendix — Detailed FormulaIllustration — based on stated assumptions

    Appendix D — detailed capital gain formula

    EAppendix — Due Diligence

    Appendix E — documents available for due diligence

    The following categories will be made available for review as part of due diligence. Availability of each item is to be confirmed.

    Title / property information

    To be confirmed

    Tenancy documents

    To be confirmed

    Collaborator agreement

    To be confirmed

    Financing documents

    To be confirmed

    Transaction evidence

    To be confirmed

    Supporting calculations

    To be confirmed

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