Page 21 - TreasuryChinaTrust2011

Tenant Composition
Multi-national
Company
57%
Other Foreign
Company
24%
Local Company
19%
Fur ther evidence of the improvement in the qual ity of
TCT’s income streams can be found in the strong take-
up amongst its existing tenants for expansion space which
represented approximately 20% (10,000sqm) of all leasing
transactions in 2011. The Top 10 tenants by floor space
across the TCT portfolio are as set out below.
This group represents 27.2% of TCT’s Core Por t fol io
lettable area (excludes The HQ existing retail podium due
for commencement of refurbishment prior to the end of
2012) and 27.5% of its top line revenue.
Treasury Building
No. Top 10 Tenant of Core Portfolio Area (sqm) Asset
1 SPX China 8,390 Treasury Building
2 Metlife Insurance 6,903 Central Plaza
3 Honeywell (China) 6,321 The HQ
4 Ingersoll-Rand (China) Investment 5,873 The HQ
5 ITT (China) Investment Co., Ltd. (Shanghai) 4,537 The HQ
6 Ecolab Chemicals 2,850 The HQ
7 Casio (Shanghai) 2,826 The HQ
8 Shanghai Tristate Enterprises 2,576 Central Plaza
9 Boston Consulting Group (Shanghai) 2,409 Central Plaza
10 Palmer & Turner Consultants (Shanghai) 2,266 The HQ
The repositioning of the TCT rent roll has been more than 3 years in the making with the successful refurbishment of
Central Plaza a key aspect in addition to proactively dealing with the market downturn in 2009/10 that brought groups
such as Metlife and Casio into TCT’s orbit whilst also facilitating longer terms deals with groups such as Honeywell,
Ingersoll Rand and Boston Consulting Group (“BCG”).
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