SEO Version
FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
74
1
DOMICILE AND ACTIVITY (CONTINUED)
Manager’s fee (Continued)
Other fees (Continued)
•
A divestment fee amounting to 0.5% of (i) the value of the underlying real estate (after
deducting the interest of any third party co-owners or co-participants) sold or divested
by the Trustee-Manager on behalf of the Trust, whether directly or indirectly; or (ii) the
sale price of any other asset forming a part of the Trust Property sold or divested by the
Trustee-Manager on behalf of the Trust. Any payment to third party agents or brokers in
connection with the divestment of any asset of the Trust shall be paid by the Trustee-
Manager to such persons out of the Trust Property of the Trust or the assets of the relevant
special purpose vehicle, and not out of the divestment fee received or to be received by
the Trustee-Manager.
The Trustee-Manager may elect to receive all or any part of the acquisition fee and divestment
fee in Units instead of cash.
The Group has entered into agreements with Treasury Holdings (Shanghai) Property Management
Co., Ltd (the “Property Manager”), in relation to management of its property operations. The fee
structures for these services are as follows:
Property management fees:
2.0% of the monthly gross revenue of the relevant property and to be paid monthly.
Development management fees:
5.0% of the total costs of development (excluding cost of land, interest on capital cost or
development loans during the development period and the cost of money required to carry out
the development) for any development, re-development, refurbishment, retrofitting, addition and
alteration or renovation works to the relevant property and to be paid quarterly.
Lease management fees:
1.0% of the monthly gross revenue of the relevant property and to be paid monthly.
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