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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 % %
Logistics & Distribution Centres
IDS Logistics 19 Feb 2004 Leasehold 58 years(d)31 Aug 2056 (d)279 Jalan 45,000 31 Mar 2012 45,000 47,000 1.15 1.43
Corporate HQ Ahmad Ibrahim
LogisTech 04 Mar 2004 Leasehold 60 years 15 Nov 2056 3 Changi North 44,000 31 Mar 2012 44,000 41,500 1.12 1.26
Street 2
@ 10 Toh Guan 05 Mar 2004 Leasehold 60 years (c)14 Oct 2055(c)10 Toh Guan 132,600 31 Mar 2012 132,600 90,000 3.39 2.73
Road Road
Changi 09 Mar 2004 Leasehold 60 years (c)15 Oct 2050(c)19 Loyang Way 67,400 31 Mar 2012 67,400 65,000 1.72 1.97
Logistics Centre
Nan Wah 31 May 2004 Leasehold 60 years (c)15 Oct 2057(c)4 Changi 29,900 31 Mar 2012 29,900 29,000 0.76 0.88
Building South Lane
C & P 21 Jul 2004 Leasehold 48 years(f)31 Dec 2049(f)40 Penjuru Lane 258,000 31 Mar 2012 258,000250,000 6.59 7.59
Logistics Hub
# Xilin Districentre 02 Dec 2004 Leasehold 60 years (c)31 May 2054(c)3 Changi South 35,200 31 Mar 2012 35,200 33,900 0.90 1.03
Building A&B Street 2
# MacDermid 02 Dec 2004 Leasehold 60 years (c) 15 Jul 2050(c)20 Tuas 7,000 31 Mar 2012 7,000 6,850 0.18 0.21
Building Avenue 6
Xilin 09 Dec 2004 Leasehold 60 years (c)31 Oct 2055(c)6 Changi South 23,900 31 Mar 2012 23,900 29,500 0.61 0.90
Districentre Street 2
Building D
# 9 Changi South 28 Dec 2004 Leasehold 60 years (c)30 Apr 2055(c)9 Changi South 34,700 31 Mar 2012 34,700 34,500 0.89 1.05
Street 3 Street 3
# Freight Links 28 Dec 2004 Leasehold 60 years (c)15 Dec 2049(c) 5 Toh Guan 37,000 31 Mar 2012 37,000 37,000 0.94 1.12
(Toh Guan) Road East
Building
@ Xilin Districentre 05 May 2005 Leasehold 60 years (c)30 Sep 2054(c)7 Changi South 27,400 31 Mar 2012 27,400 31,000 0.70 0.94
Building C Street 2
Senkee 23 Sep 2005 Leasehold 45 years(g)31 Jan 2049(g)19 & 21 Pandan 116,100 31 Mar 2012 116,100 115,000 2.97 3.49
Logistics Hub & Avenue
(Phase I and II) 01 Feb 2008
@ 1 Changi South 05 Oct 2005 Leasehold 60 years 31 Aug 2058 1 Changi South 43,700 31 Mar 2012 43,700 41,700 1.12 1.27
Lane Lane
@ LogisHub @ 05 Oct 2005 Leasehold 60 years (c)15 May 2053(c)2 Clementi Loop 30,900 31 Mar 2012 30,900 32,500 0.79 0.99
Clementi
@ JEL Centre 18 Nov 2005 Leasehold 60 years (c)15 Nov 2063(c)11 Changi 16,000 31 Mar 2012 16,000 15,400 0.41 0.47
North Way
@ 21 Jalan Buroh 14 Jun 2006 Leasehold 58 years(c)30 Sep 2055(c)21 Jalan Buroh 67,500 31 Mar 2012 67,500 64,000 1.72 1.94
@ Sembawang 14 Jun 2006 Leasehold 60 years (c)15 Feb 2057(c)30 Old Toh Tuck 23,700 31 Mar 2012 23,700 23,000 0.61 0.70
Kimtrans Road
Logistics
Centre
Goldin Logistics 05 Dec 2007 Leasehold 30 years 30 Apr 2036 6 Pioneer Walk 24,000 31 Mar 2012 24,000 23,500 0.61 0.71
Hub
Sim Siang 19 Mar 2008 Leasehold 60 years (c)30 Sep 2054(c)21 Changi South 27,500 31 Mar 2012 27,500 27,500 0.70 0.84
Choon Building Avenue 2
15 Changi 29 Jul 2008 Leasehold 60 years (c)31 Dec 2066(c)15 Changi 46,500 31 Mar 2012 46,500 46,500 1.19 1.41
North Way North Way
Pioneer Hub 12 Aug 2008 Leasehold 30 years 30 Nov 2036 15 Pioneer Walk 107,500 31 Mar 2012 107,500 96,000 2.75 2.92
71 Alps Avenue 02 Sep 2009 Leasehold 60 years (c)14 Aug 2068(c)71 Alps Avenue 29,000 31 Mar 2012 29,000 28,800 0.74 0.87
90 Alps Avenue 20 Jan 2012 Leasehold 60 years (c)22 Oct 2070(c)90 Alps Avenue 48,500 31 Mar 2012 48,500 - 1.24 -
Total (Logistics & Distribution Centres) 1,323,000 1,323,0001,209,150 33.79 36.73
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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