Featured Partnership · Case study 01

Tricolor MMA · 78 Rifle Range Road

A long-term home for a growing local business.

Tricolor MMA is the first business partnership within the Rifle Range Holdings model.

Operating from 78 Rifle Range Road, Tricolor MMA is a Singapore martial arts academy providing Brazilian Jiu-Jitsu, Muay Thai and martial arts training to adults, children and competitive athletes.

For a business such as Tricolor MMA, location matters enormously.

Building a martial arts academy requires significant investment in specialist flooring, mats, training equipment, changing facilities, branding and fit-out. More importantly, an academy gradually becomes part of the routines and community of its members.

Relocation therefore represents far more than simply moving premises.

The partnership between Rifle Range Holdings and Tricolor MMA is designed around a different premise:

If a good business is prepared to invest in a location for the long term, its landlord should be prepared to think long term as well.

Creating the confidence to invest

The relationship provides Tricolor MMA with a stable operating base from which it can continue investing in:

• Training facilities
• Specialist martial arts infrastructure
• Coaching and staff
• Youth programmes
• Competition teams
• Community development
• Long-term membership growth

Rather than treating each lease renewal as an opportunity to maximise short-term rental extraction, the objective is to create an economically sustainable relationship for both parties.

For Rifle Range Holdings, having a committed tenant that continually invests in the property strengthens the long-term quality and relevance of the asset.

For Tricolor MMA, greater occupancy certainty provides the confidence to continue investing in its facilities and community.

A shared long-term interest

The traditional landlord-tenant relationship can sometimes become adversarial.

The landlord seeks the highest achievable rent.

The tenant seeks the lowest possible occupancy cost.

We believe there is another model.

When both parties take a longer-term view, their interests begin to converge.

1. The tenant invests in the property.
2. The property becomes a better place to operate.
3. Customers and communities become more deeply connected to the location.
4. The tenant becomes stronger.
5. The property becomes more valuable.

This is the type of relationship Rifle Range Holdings wants to replicate across its future portfolio.

The challenge

Martial arts facilities require highly specialised premises.

Significant capital can be invested in flooring, wall protection, training infrastructure, equipment, changing facilities and fit-out.

At the same time, martial arts academies build highly location-dependent communities.

Members develop routines around where they train. Children attend weekly programmes. Competition teams train together. Families become connected to the academy.

Moving premises can therefore impose substantial financial and operational costs.

For a growing academy, repeated exposure to unpredictable lease renewals can make long-term investment difficult.

The partnership

At 78 Rifle Range Road, Rifle Range Holdings and Tricolor MMA are establishing a long-term landlord-tenant relationship designed around stability rather than short-term rental optimisation.

The objective is to create an environment where Tricolor MMA can confidently continue improving its facility and growing its community while Rifle Range Holdings benefits from a committed operator that actively invests in the property.

The principle

Good businesses should be able to invest in good locations without being penalised for creating value there.

When a tenant builds a successful business, improves its premises and creates a strong local customer base, we believe the resulting value should support a sustainable relationship rather than automatically becoming the basis for aggressive rental escalation.

The outcome

A stable operating environment gives Tricolor MMA the confidence to make longer-term decisions.

For Rifle Range Holdings, the property benefits from an operator that treats the premises as a long-term home rather than temporary rented space.

This creates the alignment at the centre of our investment philosophy:

Better tenant. Better property. Longer relationship.