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ASCENDAS REAL ESTATE INVESTMENT TRUST 42
MANAGER’S REPORT
31 International Business Park
31 International Business Park is one of six A-REIT properties that
is strategically located within the International Business Park and
within the Jurong Lake District. The asset enhancement works
comprise conversion of the building from a single-tenanted
to a multi-tenanted property and upgrading of the building
specifcations to meet contemporary expectations, so as to
enhance competitiveness and marketability of the property. The
upgrading work was completed in February 2014.
Techpoint
Techpoint is situated along Ang Mo Kio Street 65. The asset
enhancement works were completed in January 2014, and
involved the upgrading of the building’s specifcations and
fnishings to enhance Techpoint’s competitiveness as a state-of-
the-art high-specs industrial building.
ASSET ENHANCEMENT INITIATIVES - COMPLETED
ACQUISITION COMPLETED
A-REIT City @Jinqiao, Shanghai, China
The Manager completed the forward purchase of a business
park property, A-REIT City @Jinqiao, in Shanghai, China for a
total purchase consideration of approximately S$124.6 million in
July 2013. This is A-REIT’s second property in China and its frst
in Shanghai. The property aims to cater to the spatial needs of
multi-national companies as well as local Chinese enterprises
looking to set up research & development, technology support
facilities and/or corporate headquarters within one location.