Page 6 - Forterra

04 ANNUAL REPORT 2012
SIGNIFICANT EVENTS FOR 2012
JANUARY
• Real estate portfolio for the 12 months ended
31 December 2011 recorded a total value of RMB12.05
billion, representing 13.1% increase year-on-year.
FEBRUARY
• The HQ reached 23.0% pre-commitment of the
expanded retail mall with agreements in place with the
Inditex Group for seven of its brands (Zara, Zara Home,
Massimo Dutti, Bershka, Pull & Bear, Stradivarius and
Oysho) and Ole Supermarkets as anchor tenants.
MARCH
• The HQ reached 27.0% pre-commitment of the
expanded retail mall following the successful completion
of three additional leasing transactions including
Hongqiao Century Cinema at a rental representing a
175.0% increase to the rent currently payable for the
theatre operations.
APRIL
• Beijing Logistics Park achieved 100% lease pre-
commitment and reached its physical completion.
MAY
• Appointed Mr. Graham Sugden as an Independent Non
Executive Director to the Board and Mr. Xu Sitao as a
Non-Executive Director.
JUNE
• The dual currency loan facility for Forterra House
(formerly The Treasury Building), due to expire in
December 2012, was renewed six months ahead of
schedule for three years.
• Received the “Outstanding China Enterprise Awards”
at the 7th CAPITAL Outstanding China Enterprise
Awards by Capital Magazine.
JULY
• Real estate portfolio was valued at RMB 12.38 billion as
at 30 June 2012 representing a 6.3% increase for the 12
month period since 30 June 2011 and 2.7% increase for
the six months since 31 December 2011.
• Appointed Mr. Yoon Wai Nam as an Independent
Non-Executive Director.
• As part of an initiative to promote new perspectives,
skills, experience, knowledge, energy, contact bases
and direction for the benefit of Unitholders of Forterra,
all directors appointed on 18 February 2010, being Mr.
Barrett, Mr. Williams, Mr. David, Mr. Leckie, Mr. Horney
and Mr. Jen, vacated their office on 25 July 2012.
Mr. Barrett, Mr. Williams and Mr. David were
re-appointed as directors on 25 July 2012.
OCTOBER
• Mr. Graham Sugden, as an Independent Non-Executive
Director of the Board since 21 May 2012, was appointed
Chairman of the Board.
NOVEMBER
• Awarded “Asia’s Best Real Estate Trust” at Global Real
Estate Fund China Summit 2012 organized by China
Business News and China Venture.
DECEMBER
• Forterra’s Property Portfolio Value of RMB12.63 billion,
registering; an increase of 4.8% for the Year.
• The retail component of The HQ achieved a leasing
pre-commitment of 41.8%.