SEO Version
INVESTMENT PROPERTIES PORTFOLIO STATEMENT
As at 31 March 2012
The accompanying notes form an integral part of these fnancial statements.
Group
At Valuation/
Percentage of
Description of
Acquisition
Term of
Lease
Latest
Valuation
Book Value
Net Assets
Property
Date
Tenure
Lease
Expiry
Location
Valuation
(a)
Date
2012
2011
2012
2011
$’000
$’000
$’000
%
%
Business & Science Parks
Balance brought forward – (Business & Science Parks)
1,420,800
1,420,800
1,386,500
36.29
42.12
1, 3 & 5 Changi
16 Feb 2009, Leasehold 60 years
(c)
30 Sep 2067
(c)
1, 3 & 5 Changi 304,400 31 Mar 2012
304,400
295,300
7.77
8.97
Business Park
25 Sep 2009
Business Park
Crescent
&
Crescent
31 Dec 2010
DBS Asia Hub
31 Mar 2010 Leasehold 60 years
(c)
30 Sep 2067
(c)
2 Changi
141,900 31 Mar 2012
141,900
141,900
3.62
4.31
Business Park
Crescent
Neuros &
31 Mar 2011 Leasehold 60 years
(c)
30 Sep 2067
(c)
8/8A Biomedical 127,500 31 Mar 2012
127,500
127,456
3.26
3.87
Immunos
(b)
Grove
Nordic European 08 July 2011 Leasehold 60 years
(c)
31 Mar 2057
(c)
3 International 122,000 31 Mar 2012
122,000
-
3.12
-
Centre
Business Park
& Ascendas Z-
03 Oct 2011 Leasehold 50 years 27 Aug 2054
17 Zhongguancun 61,720 31 Mar 2012
61,720
-
1.58
-
Link
(l)
Software Park,
No. 8 West
Dongbeiwang
Road, Haidian
District, Beijing,
China
3 Changi
08 Dec 2011 Leasehold 60 years
(c)
11 Apr 2061
(c)
3 Changi
80,000 31 Mar 2012
80,000
-
2.04
-
Business Park
Business
Vista
Park Vista
Cintech I
(b)(k)
29 Mar 2012 Leasehold 56 years 25 Mar 2068
73 Science
48,800 31 Jan 2012
47,685
-
1.22
-
Park Drive
Cintech II
(b)(k)
29 Mar 2012 Leasehold 56 years 25 Mar 2068
75 Science
38,700 31 Jan 2012
35,815
-
0.91
-
Park Drive
Cintech III & IV
(b)(k)
29 Mar 2012 Leasehold 56 years 25 Mar 2068
77 & 79
100,650 31 Jan 2012
101,980
-
2.60
-
Science
Park Drive
Total (Business & Science Parks)
2,446,470
2,443,800
1,951,156
62.42
59.28
ASCENDAS REAL ESTATE INVESTMENT TRUST
ANNUAL REPORT FY11/12
126
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