C O N T E N T S
01 Performance at a Glance
Overview of A-REIT
02 About A-REIT
03 A-REIT’s Competitive Edge
04 What We Invest In
06 A-REIT’s Structure
07 Significant Events
Performance and Outlook
09 Chairman’s Message
14 Interview with The Manager’s CEO
Strategy and Leadership
17 Our Strategy
18 Board of Directors
23 The A-REIT Team
28 The Property Manager
30 Manager’s Report
44 A-REIT’s Portfolio
46 Business & Science Park Properties
50 Integrated Development, Amenities &
Retail Properties
52 High-Specifications Industrial Properties
& Data Centres
56 Light Industrial Properties & Flatted Factories
60 Logistics & Distribution Centres
64 Independent Market Study (Singapore)
71 Independent Market Study
(Shanghai & Beijing)
Social Responsibility and
Corporate Governance
78 Sustainability Report
93 Investor Relations
97 Corporate Governance
Financial Statements and
Other Information
118 Financial Report FY14/15
203 Statistics of Unitholdings
205 Additional Information
207 Glossary
208 Appendix
Contact us
210 Corporate Directory
Any discrepancies in the tables and charts between the listed figures and total thereof are due
to rounding. Where applicable, figures and percentages are rounded to one decimal place.
The changing landscape brings about new
challenges but also opportunities for A-REIT.
The changing regulatory environment in Singapore
and uncertain global economic outlook have
increased the operating challenges for A-REIT.
Shorter industrial land tenure, revised and more
stringent subletting policy and record industrial
space completions are some of the key challenges
that have resulted in a tougher leasing and
investment landscape in Singapore.
The Singapore government proactively positions
Singapore as the preferred location for the world’s
top global companies with business friendly policies,
well-developed infrastructure and by leveraging
on our highly skilled and educated workforce.
This has attracted a new class of technology,
medical and service-oriented companies which
are making Singapore their research, production
and distribution base. These higher value-add and
knowledge-based industries are emerging as one of
the most important engines of Singapore’s growth.
A-REIT is well positioned to cater to the demands of
this new class of customers.
We continuously improve our business and industrial
space offerings, seek innovative ways to differentiate
our services and strengthen our operations and
customer care to support the needs of today’s
demanding industries as well as emerging ones.
Given A-REIT’s market-leading portfolio, track record
and strong management system, we believe we can
differentiate ourselves fromour competitors. We will
continue to build stronger capabilities and enhance
our competitiveness to overcome the challenges
brought about by the changing landscape.
