Starhill Global REIT sets new fixed rent under Toshin master lease

SGX Filings

Dec 17, 2025

Starhill Global REIT (P40U) announced that the Annual Fixed Rent for the three-year period starting Jun, 08 2025 under its master lease with Toshin Development Singapore Pte Ltd has been finalised.

The new rent is approximately 1.0% higher than the base rent that applied to the previous lease, which ended Jun, 07 2025. The determination was made in line with the lease agreement, which required the higher of the agreed 1.0% increase or an independently assessed market rental value, capped at 125% of the agreed amount.

The next review of the Annual Fixed Rent is scheduled for Jun, 08 2028. The current adjustment applies only to the fixed component; the separate turnover rent, which includes a profit-sharing element tied to Toshin’s operating performance, will continue to be set each May.

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