Accordia Golf Trust ("AGT") is the first business trust comprising investments in golf course assets in Japan listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST"). AGT's principal investment strategy is to invest, directly or indirectly, in the business of owning a portfolio of stabilised, income-generating golf courses, driving ranges and golf course related assets worldwide, with an initial focus in Japan.
AGT made its' debut on the Main Board of the SGX-ST on 1 August 2014 and its initial portfolio comprises 89 golf courses (including golf course related assets) located across Japan ("Initial Portfolio"). Approximately 70% of the Initial Portfolio are located in the three largest metropolitan areas in Japan, namely, the Greater Tokyo Region, the Greater Nagoya Region and the Greater Osaka Region. The total appraisal value of AGT's golf courses stood at JPY 150.98 billion(1) as at 31st December 2015.
AGT's objective is to generate and distribute long-term, stable cash flow to investors through investing in golf courses, driving ranges and golf course related assets for investors' long-term benefit.
(1) Based on real estate appraisals as at 31st December 2015 by CBRE K.K. and Tanizawa Sogo Appraisal Co., Ltd. (collectively, the "Independent Real Estate Appraisers")