Perimeter Two, Raleigh, the US The five-storey business space property is located within Perimeter Park in Raleigh, North Carolina. It offers a corporate campus environment with amenities such as a communal fitness centre, conference facilities, a cafeteria, green spaces and walking trails, all within walking distance. Enhancement works include upgrading the main lobby to create a modern, hospitality-inspired lounge. The patio was also revamped to provide welcoming outdoor spaces for tenants’ well-being and engagement. Total project cost: S$1.1 million Completion date: 31 January 2025 1,1A and 1B Science Park Drive, Singapore (34% stake) Part of the “Geneo” life sciences and innovation cluster in SSP1, the life sciences property occupies a prime location, right at the main entrance of SSP1 and next to the Kent Ridge MRT station. The redevelopment has transformed the site into a life science and innovation campus with a GFA of 116,200 sqm. It comprises three interconnected Grade A buildings (one 15-storey-tall and two 9-storey tall), an event plaza as well as retail and F&B amenities. Approximately 81% of the total net lettable area (103,200 sqm comprising business space, retail and F&B amenities) has been leased as at 31 December 2025. The gross plot ratio (GPR) of 3.6 represents a threefold intensification of the previous maximum allowable GPR of 1.2 on a land area of 31,856 sqm. CLAR has a 34% interest in this joint redevelopment with CapitaLand Development. Development cost (34% interest): S$300.2 million Completion date: 3 March 2025 5 Toh Guan Road East, Singapore 5 Toh Guan Road East, strategically located near the Jurong Lake District in Singapore's western region, stands as a premier logistics property within the prime Toh Guan LogisPark area. Adjacent to the PIE, the redevelopment transformed two blocks of warehouse space into a modern six-storey rampup logistics property, boasting a total GFA of 50,919 sqm. This redevelopment capitalised on previously unutilised plot ratio, adding approximately 21,000 sqm of space or a 71% increase in GFA. The property features dedicated loading bays, high floor loading capacity and power provision for cold storage, complemented by large contiguous floor plates with soaring ceilings of up to 12 metres for operational efficiency. This prime logistics facility has achieved the BCA Green Mark GoldPLUS certification, underscoring the Manager’s commitment to environmental excellence while providing superior logistics solutions. Development cost: S$107.4 million Completion date: 18 September 2025 Completed Redevelopments in FY 2025 Completed AEIs in FY 2025 Annual Report 2025 25
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