SEO Version
Manager’s
Report
OUR PERFORMANCE
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S$72.8 million. A-REIT’s total assets stood at about S$7.0 billion as at 31 March 2013
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of approximately S$704.9 million, to fund investment opportunities and to provide
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through the issuance of a ¥10 billion 12-year fixed rate note in April 2012. This note
was immediately swapped into Singapore Dollars upon issuance to eliminate any
foreign exchange exposure for A-REIT, resulting in gross proceeds of approximately
S$153.7 million
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rating to A3 from Baa1
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Park II for S$127.5 million
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Science Park property within the one-north region for S$32.3 million. A-REIT now
has 12 income-producing properties within the Science Park segment, enhancing
operational efficiency and widening product offering in the segment
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S$38.0 million and 6 Pioneer Walk for S$32.0 million, for potential total capital gains
of about S$22 million
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estimated cost of S$52.2 million over six properties. These projects aim to upgrade
the building specifications and enhance marketability of the properties and in some
instances, increase lettable area
32
ASCENDAS REAL ESTATE INVESTMENT TRUST
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