SEO Version
Property
Acquisition/
Completion Date
Purchase Price/
Development Cost
(S$m)
Book Value /
Valuation as at
31 March 2012 (S$m)
Gross Floor Area
(sqm)
Net Lettable Area
(sqm)
60 84 Genting Lane
05 Oct 05
10.0
13.4
11,917
9,774
61 Hoya Building
#
05 Oct 05
5.3
7.4
6,505
6,282
62 NNB Industrial Building
05 Oct 05
12.0
15.8
11,537
9,794
63 37A Tampines Street 92
01 Dec 05
12.3
14.8
12,011
9,604
64 Hamilton Sundstrand
Building
#
09 Dec 05
31.0
37.1
17,737
16,744
65 Thales Building (I & II)
#
03 Jan 06 & 20 Mar 08
5.8
9.0
7,772
7,772
66 Aztech Building
21 Feb 06
23.0
25.3
15,934
13,807
67 Ubi Biz-Hub
27 Mar 06
13.2
15.7
12,978
10,725
68 26 Senoko Way
08 Jan 07
15.5
16.0
12,616
10,723
69 Super Industrial Building
08 Jan 07
33.5
34.0
23,457
18,079
70 1 Kallang Place
01 Feb 07
12.0
11.4
15,490
12,265
71 18 Woodlands Loop
01 Feb 07
17.2
23.8
18,422
16,601
72 9 Woodlands Terrace
01 Feb 07
1.9
2.9
2,774
2,341
73 11 Woodlands Terrace
01 Feb 07
1.9
2.5
2,810
2,219
74 FoodAxis @ Senoko*
15 May 07
16 Feb 12
57.8
72.1
43,362
44,439
75 8 Loyang Way 1
05-May-08
25.0
23.6
13,725
12,069
76 31 Joo Koon Circle
30-Mar-10
15.0
16.7
17,638
14,635
Total (Light Industrial/
Flatted Factories)
798.9
948.8
635,426
520,433
Notes:
# Acquired from Ascendas Group
* FoodAxis @ Senoko (previously known as 1 Senoko Avenue) was frst acquired on 15 May 2007 for S$11.2 m and was subsequently redeveloped to
maximise the allowable plot ratio. The redevelopment was completed on 16 February 2012.
The valuation for these properties were based on Direct Comparison Method, Capitalisation Approach and Discounted Cash Flow Analysis
LIGHT INDUSTRIAL PROPERTIES / FLATTED FACTORIES
ASCENDAS REAL ESTATE INVESTMENT TRUST
ANNUAL REPORT FY11/12
78
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