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Science Park Cintech I to IV 183.0 Completed in
March 2012
Description:
Located within Singapore Science Park I, Cintech I to IV are a portfolio of four
properties sited on three land titles. These properties are easily accessible via the
Ayer Rajah Expressway and conveniently connected to the central business district in
Singapore, being approximately a 15-minute drive away. The portfolio of properties
has an occupancy rate of about 94.8% as at 31 March 2012.
MANAGER’S REPORT
Segment Property Purchase Price (S$m)
A wider range of properties to serve our customers
We continue to seek out income-producing assets with good fundamentals and locations that complement A-REIT’s existing
portfolio. During the fnancial year, the Manager completed the acquisition of seven properties, including A-REIT’s maiden
acquisition in Beijing, China. These acquisitions are:
Business Park Nordic European
Centre 121.6 Completed in
July 2011
Description:
Located within the International Business Park, Nordic European Centre is a 7-storey
business park building easily accessible via major expressways such as the Ayer Rajah
Expressway as well as the Pan-Island Expressway. It is located within the Jurong Lake
District masterplan area which will be developed into a major commercial and leisure
hub. This is A-REIT’s sixth business park property in the International Business Park
and is 82.4% occupied as at 31 March 2012.
Business Park 3 Changi Business
Park Vista 80.0 Completed in
December 2011
Description:
Easily accessible via the Pan-Island Expressway and the East Coast Parkway, 3 Changi
Business Park Vista is A-REIT’s sixth property within the Changi Business Park, one of
the two business parks in Singapore. It is a 6-storey building with a gross foor area
and net lettable area of 18,388 sqm and 15,261 sqm respectively. The occupancy is
about 95.0% as at 31 March 2012.
ASCENDAS REAL ESTATE INVESTMENT TRUST
ANNUAL REPORT FY11/12
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