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ABOUT STARHILL
REIT
Starhill Real Estate Investment Trust ("Starhill REIT")
has a market capitalisation of approximately RM1,242 million (as at 31 January 2012) and
comprises prime hotel and hospitality-related properties located in key leisure / business
tourism locations in Malaysia. Starhill REIT focuses on a single, dedicated class of assets
located both in Malaysia and internationally, subject to attractive valuations which will
provide yield accretive returns to Unitholders.
Starhill REIT was established by a trust deed entered into on 18 November 2005 (as amended)
(collectively referred to as "Deed") between Pintar Projek Sdn Bhd and Mayban Trustees Berhad,
as manager and trustee, respectively, of Starhill REIT.
Listed on 16 December 2005 on the Main Market of Bursa Malaysia Securities Berhad,
Starhill REIT's principal investment strategy has been to invest in a diversified portfolio
of income producing real estate, used primarily for retail, office and hospitality purposes,
with particular focus on retail and hotel properties. In 2010, Starhill REIT embarked on an
exercise to reposition the Trust as a full-fledged hospitality REIT, providing a platform
for strategic focus on a single, dedicated class of hotel and hospitality-related assets.
The primary objectives of Starhill REIT are to provide unitholders with stable cash distributions
with the potential for sustainable growth, principally from the ownership of properties, and to enhance long-term unit value.
ABOUT PINTAR PROJEK SDN BHD
Pintar Projek Sdn Bhd ("Pintar Projek") was incorporated in 1994 and is a 70%-owned subsidiary
of YTL Land Sdn Bhd, which is a wholly-owned subsidiary of YTL Corporation Berhad. Pintar Projek's Board of Directors and key
personnel comprise experienced and prominent individuals in their respective fields of expertise.
KEY HIGHLIGHTS OF STARHILL REIT'S
PROPERTY PORTFOLIO
• Strategic focus: The repositioning the Trust as a fully-fledged
hospitality REIT promotes clarity of investment and facilitate investors' assessments of the risks and returns of the portfolio,
and will further enhance and diversify Starhill REIT's asset base within the hospitality segment in Malaysia and in key international
destinations.
• Strategic location: The Properties are located
in an area close to numerous hotels and offices,
making them easily accessible to tourists and
travelers, as well as office workers.
• Strong brand recognition: The Properties enjoy high profile status due to their strong branding, spearheaded by Pintar Projek,
and their strategic location in prime tourist destinations in Malaysia.
INVESTMENT STRATEGY
Starhill REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 December, 2005
and is an income and growth type fund. The investment objective of Starhill REIT is to own and invest in real estate
and real estate-related assets, whether directly or indirectly through the ownership of single-purpose companies whose
principal assets comprise real estate.
Starhill REIT currently owns the following properties:-
• JW Marriott Hotel Kuala Lumpur;
• The Residences at The Ritz-Carlton, Kuala
Lumpur;
• The Ritz-Carlton, Kuala Lumpur;
• Pangkor Laut Resort and;
• Tanjong Jara Resort.
• Cameron Highlands Resort;
• Vistana Kuala Lumpur;
• Vistana Kuantan;
• Vistana Penang;
Starhill REIT is managed and administered by Pintar Projek Sdn Bhd, the Manager of the Trust.
The Manager's principal investment strategy is to invest in a diversified portfolio of income-producing
real estate which is primarily used for hospitality purposes, with particular focus on hotel properties.
The primary objectives of the Manager are: (a) to provide Unitholders with stable cash distributions
with potential for sustainable growth, principally from the ownership of properties; and (b) to enhance
long-term Unit value. The Manager uses operating, acquisition, capital management and financing strategies
to pursue Starhill REIT's business objectives.
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