Page 131 - ar2012

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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
%
%
Warehouse Retail Facilities
Courts
30 Nov 2006 Leasehold
30 years
31 Dec 2035
50 Tampines
65,000 31 Mar 2012
65,000
61,000
1.66
1.85
Megastore
North Drive 2
Giant Hypermart 06 Feb 2007 Leasehold
30 years
31 Dec 2035
21 Tampines
88,000 31 Mar 2012
88,000
88,000
2.25
2.67
North Drive 2
Total (Warehouse Retail Facilities)
153,000
153,000
149,000
3.91
4.53
Total Investment Properties
6,172,965
6,170,295
5,254,556
157.59
159.63
Other assets and liabilities (net)
(2,254,915)
(1,962,890)
(57.59)
(59.63)
Net assets
3,915,380
3,291,666
100.00
100.00
The accompanying notes form an integral part of these fnancial statements.
INVESTMENT PROPERTIES PORTFOLIO STATEMENT
As at 31 March 2012
131
A DECADE OF ENABLING BUSINESSES