Page 128 - ar2012

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 % %
Light Industrial Properties
@ TechPlace I 19 Nov 2002 Leasehold 65 years 31 Mar 2052 Blk 4008-4012 126,440 31 Mar 2012 126,440 118,800 3.23 3.61
Ang Mo Kio
Avenue 10
@ TechPlace II 19 Nov 2002 Leasehold 65 years 31 Mar 2052 Blk 5000-5014 162,220 31 Mar 2012 162,220 147,700 4.14 4.49
Ang Mo Kio
Avenue 5
OSIM 20 Jun 2003 Leasehold 60 years 09 Mar 2057 65 Ubi Avenue 1 40,810 31 Mar 2012 40,810 40,000 1.04 1.22
Headquarters
@ Ghim Li Building 13 Oct 2003 Leasehold 60 years (c)28 Feb 2055(c)41 Changi South 15,250 31 Mar 2012 15,250 14,900 0.39 0.45
Avenue 2
# Progen Building 29 Jul 2004 Leasehold 60 years (c)15 Jan 2056(c)12 Woodlands 24,200 31 Mar 2012 24,200 26,700 0.62 0.81
Loop
# SB Building 26 Nov 2004 Leasehold 60 years(c)30 Sep 2057(c)25 Changi 22,610 31 Mar 2012 22,610 22,400 0.58 0.68
South Street 1
# 247 Alexandra 01 Dec 2004 Leasehold 99 years 25 Sep 2051 247 Alexandra 60,500 31 Mar 2012 60,500 57,300 1.55 1.74
Road Road
5 Tai Seng Drive 01 Dec 2004 Leasehold 60 years 30 Nov 2049 5 Tai Seng Drive 16,980 31 Mar 2012 16,980 16,600 0.43 0.50
# Volex Building 01 Dec 2004 Leasehold 60 years(c)31 Jan 2052(c)35 Tampines 12,570 31 Mar 2012 12,570 11,500 0.32 0.35
Street 92
# 53 Serangoon 27 Dec 2004 Leasehold 60 years(c)30 Nov 2055(c)53 Serangoon 11,400 31 Mar 2012 11,400 11,900 0.29 0.36
North Avenue 4 North Avenue 4
3 Tai Seng Drive 01 Apr 2005 Leasehold 60 years 30 Nov 2049 3 Tai Seng Drive 18,500 31 Mar 2012 18,500 18,400 0.47 0.56
# 27 Ubi Road 4 01 Apr 2005 Leasehold 60 years (c)31 Oct 2055(c)27 Ubi Road 4 11,830 31 Mar 2012 11,830 12,100 0.30 0.37
# 52 Serangoon 04 Apr 2005 Leasehold 60 years (c)15 Sep 2055(c)52 Serangoon 21,700 31 Mar 2012 21,700 17,900 0.55 0.54
North Avenue 4 North Avenue 4
# Hyfux Building 04 Apr 2005 Leasehold 60 years 15 Jan 2041 202 Kallang 22,225 31 Mar 2012 22,225 21,600 0.57 0.66
Bahru
Weltech Building 16 May 2005 Leasehold 60 years (c)29 Feb 2056(c)25 Ubi Road 4 11,000 31 Mar 2012 11,000 10,300 0.28 0.31
@ BBR Building 21 Jun 2005 Leasehold 60 years(c)15 Sep 2057(c)50 Changi South 10,160 31 Mar 2012 10,160 9,300 0.26 0.28
Street 1
@ Tampines Biz-Hub 05 Oct 2005 Leasehold 60 years (c)30 Nov 2049(c)11 Tampines 19,000 31 Mar 2012 19,000 19,000 0.49 0.58
Street 92
@ 84 Genting Lane 05 Oct 2005 Leasehold 43 years(h)30 Nov 2039(h)84 Genting Lane 13,360 31 Mar 2012 13,360 13,300 0.34 0.40
@ Hoya Building 05 Oct 2005 Leasehold 30 years 15 May 2033 455A Jalan 7,370 31 Mar 2012 7,370 7,300 0.19 0.22
Ahmad Ibrahim
@ NNB Industrial 05 Oct 2005 Leasehold 60 years(c)15 Jan 2056(c)10 Woodlands 15,820 31 Mar 2012 15,820 15,300 0.40 0.46
Building Link
@ 37A Tampines 01 Dec 2005 Leasehold 60 years(c)30 Jun 2054(c)37A Tampines 14,840 31 Mar 2012 14,840 13,700 0.38 0.42
Street 92 Street 92
Hamilton 09 Dec 2005 Leasehold 60 years (c)28 Feb 2065(c)11 Changi 37,075 31 Mar 2012 37,075 35,900 0.95 1.09
Sundstrand North Rise
Building
@ Thales Building 03 Jan 2006 Leasehold 42 years(i)30 Jun 2047(i) 21 Changi 9,020 31 Mar 2012 9,020 10,000 0.23 0.30
(I&II) & North Rise
20 Mar 2008
Balance carried forward – (Light Industrial Properties) 704,880 704,880671,900 18.00 20.41
The accompanying notes form an integral part of these fnancial statements.
INVESTMENT PROPERTIES PORTFOLIO STATEMENT
As at 31 March 2012
ASCENDAS REAL ESTATE INVESTMENT TRUST
ANNUAL REPORT FY11/12
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