Accordia Golf Trust ("AGT") is the first business trust listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") comprising golf course assets in Japan. It is primarily involved in the principal investing strategy, directly or indirectly, of owning a portfolio of stabilised, income-generating golf courses, driving ranges and golf course related assets worldwide.
AGT made its' debut on the SGX-ST on 1 August 2014 with an initial portfolio comprising 89 golf courses located across Japan. Approximately 70% of its portfolio are in the three key metropolitan areas, namely, the Greater Tokyo region, the Greater Nagoya region and the Greater Osaka region. The total appraisal value of AGT's 88 golf courses (excluding 1 golf course sold in 2019) was JPY141.8 billion as at 31 December 2019.
AGT's objective is to generate long-term, stable cash flow through investing in golf courses, driving ranges and golf course related assets. The trust aims to distribute stable dividends to its unitholders and maximise returns through capital value growth.
Appraisals were conducted by CBRE K.K. and Tanizawa Sogo Appraisal Co., Ltd. (collectively, the "Independent Real Estate Appraisers").