Group
Percentage of
Description Acquisition
Term of
Lease
Latest
Valuation Carrying Amount
Net Assets
of Property
Date
Tenure Lease
Expiry
Location Valuation Date
2015
2014 2015 2014
$’000
$’000 $’000 % %
(Restated)
(Restated)
Business & Science Park Properties
The Alpha
19 Nov 2002 Leasehold 60 years 18 Nov 2062 10 Science
Park Road
117,900 31 Mar 2015 117,900 110,600 2.35
2.28
@ The Aries
19 Nov 2002 Leasehold 60 years 18 Nov 2062 51 Science
Park Road
69,500 31 Mar 2015 69,500 66,200 1.39
1.37
The Capricorn 19 Nov 2002 Leasehold 60 years 18 Nov 2062 1 Science
Park Road
129,000 31 Mar 2015 129,000 120,500 2.57
2.49
@ The Gemini
19 Nov 2002 Leasehold 60 years 18 Nov 2062 41 Science
Park Road
139,700 31 Mar 2015 139,700 128,400 2.79
2.65
Honeywell
Building
19 Nov 2002 Leasehold 60 years
(a)
15 Dec 2058
(a)
17 Changi
Business Park
Central 1
70,500 31 Mar 2015 70,500 70,300 1.41
1.45
@ 1 Changi
Business Park
Avenue 1
30 Oct 2003 Leasehold 60 years
(a)
31 Jan 2061
(a)
1 Changi
Business Park
Avenue 1
48,600 31 Mar 2015 48,600 51,200 0.97
1.06
@ Techquest
05 Oct 2005 Leasehold 60 years 15 Jun 2055 7 International
Business Park
24,800 31 Mar 2015 24,800 23,600 0.49
0.49
@ PSB Science
Park Building
18 Nov 2005 Leasehold 95.5 years 30 Jun 2080 1 Science Park
Drive
82,000 31 Mar 2015 82,000 79,400 1.64
1.64
13 International
Business Park
10 Oct 2006 Leasehold 60 years
(a)
15 Jul 2064
(a)
13
International
Business Park
25,550 31 Mar 2015 25,550 27,700 0.51
0.57
@ iQuest@IBP 12 Jan 2007 Leasehold 60 years
(a)
30 Nov 2055
(a)
27
International
Business Park
35,000 31 Mar 2015 35,000 37,100 0.70
0.77
Hansapoint@
CBP
22 Jan 2008 Leasehold 60 years
(a)
31 Oct 2066
(a)
10 Changi
Business Park
Central 2
86,900 31 Mar 2015 86,900 86,100 1.73
1.78
Acer Building 19 Mar 2008 Leasehold 60 years
(a)
30 Apr 2056
(a)
29
International
Business Park
83,900 31 Mar 2015 83,900 83,400 1.67
1.72
The Rutherford
& Oasis
26 Mar 2008 Leasehold 60 years 25 Mar 2068 87 & 89
Science Park
Drive
82,200 31 Mar 2015 82,200 81,700 1.64
1.69
31 International
Business Park
26 Jun 2008 Leasehold 60 years
(a)
15 Dec 2054
(a)
31
International
Business Park
216,100 31 Mar 2015 216,100 215,200 4.31
4.44
1, 3 & 5 Changi
Business Park
Crescent
16 Feb 2009,
25 Sep 2009
& 31 Dec
2010
Leasehold 60 years
(a)
30 Sep 2067
(a)
1, 3 & 5
Changi
Business Park
Crescent
333,000 31 Mar 2015 333,000 316,700 6.64
6.53
DBS Asia Hub 31 Mar 2010 Leasehold 60 years
(a)
30 Sep 2067
(a)
2 Changi
Business Park
Crescent
152,300 31 Mar 2015 152,300 143,300 3.04
2.96
Neuros &
Immunos
31 Mar 2011 Leasehold 60 years
(a)
31 Jan 2065
(a)
8/8A
Biomedical
Grove
131,000 31 Mar 2015 131,000 130,400 2.61
2.69
Nordic
European
Centre
08 July 2011 Leasehold 60 years
(a)
31 Mar 2057
(a)
3 International
Business Park
116,100 31 Mar 2015 116,100 116,000 2.32
2.39
Balance carried forward – (Business & Science Park Properties)
1,944,050
1,944,050 1,887,800 38.78 38.97
The accompanying notes form an integral part of these financial statements.
I n v e s t m e n t P r o p e r t i e s P o r t f o l i o S t a t e m e n t
As at 31 March 2015
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
