(i)
In the previous financial year, A-REIT City @Jinqiao (“Jinqiao”) was acquired in July 2013 through the acquisition of shares in
Shanghai (JQ) Investment Holdings Pte. Ltd. (“SHJQ”). SHJQ owns all the paid in capital in A-REIT Shanghai Realty Co., Limited
(“ASRC”), which in turn owns the investment property, Jinqiao, in the People’s Republic of China (“PRC”) (Note 9).
(ii)
In the previous financial year, Nexus @one-north obtained its Temporary Occupation Permit on 4 September 2013 and was
transferred from investment property under development to investment properties.
(iii)
The Kendall was acquired from Singapore Science Park Ltd, a related party of the Manager, on 30 March 2015 and was
recorded at the costs incurred upon acquisition as at 31 March 2015.
(iv)
Hyflux Innovation Centre was acquired in June 2014 and recorded at valuation as at 31 March 2015.
(v)
26 Senoko Way was transferred to property held for sale, following the proposed divestment of the property.
(vi)
Aperia was acquired in August 2014 through the acquisition of shares in PLC 8 Holdings Pte. Ltd. (“PLC8H”). PLC8H owns all
the paid in capital in PLC 8 Development Pte. Ltd. (“PLC8D”), which in turn owns the investment property.
(a)
Includes an option for the Trust to renew the land lease for a further term of 30 years upon expiry.
(b)
Includes an option for the Trust to renew the land lease for a further term of 28 years upon expiry.
(c)
Includes an option for the Trust to renew the land lease for a further term of 17 years upon expiry.
(d)
Includes an option for the Trust to renew the land lease for a further term of 24.4 years upon expiry.
(e)
Includes an option for the Trust to renew the land lease for a further term of 15 years upon expiry.
(f)
Includes an option for the Trust to renew the land lease for a further term of 13 years upon expiry.
(g)
Includes an option for the Trust to renew the land lease for a further term of 12 years upon expiry.
(h)
At the end of the 30-year lease, the Trust has the option to renew the land lease for Building A for a further term of 26 years
and to renew the land lease for Building B for a further term of 16 years, 4 months and 16 days.
@ Portfolio 3 – These properties were pledged as securities in relation to the EUR 197.5 million ($395.0 million) term notes.
Following the redemption of the EUR 197.5 million ($395.0 million) term notes in May 2014, the mortgage over these properties
that the Group has granted were discharged (Note 16).
# Portfolio CL – These properties were pledged as securities in relation to the $300.0 million Exchangeable Collateralised Securities
issued by Ruby Assets Pte. Ltd. (Note 17).
+ Block 5006 Techplace II was divested to Venture Corporation Limited for $38.0 million on 31 March 2014.
& 31 Ubi Road 1 was reclassified from the “Light Industrial Properties & Flatted Factories” segment to the “Hi-Specifications Industrial
Properties & Data Centres” segment with effect from April 2013 to be consistent with its location and building specifications.
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
The accompanying notes form an integral part of these financial statements.
132 133
