A d d i t i o n a l I n f o r m a t i o n
Saved as disclosed above, there were no additional interested person transactions (excluding transactions of less than $100,000
each) entered into up to and including 31 March 2015 nor any material contracts entered by A-REIT or any of its subsidiaries that
involved the interests of the CEO, any Director, or any controlling Unitholder of the Trust.
Please also see Significant Related Party Transactions in Note 29 to the financial statements.
The entry into and the fees payable pursuant to the Trust Deed have been approved by the Unitholders upon purchase of the
Units at the initial public offering of A-REIT on the SGX-ST in November 2002 and in an Extraordinary General Meeting held on
28 June 2007 (where the Unitholders approved the amendment of the Trust Deed, inter alia, to allow the Manager to receive
development management fees), and are therefore not subject to Rules 905 and 906 of the Listing Manual. The entry into and
the fees payable pursuant to the Property Management Agreements and Lease Management Agreement have been approved
by the Unitholders in an Extra General Meeting held on 28 June 2012, and such fees shall not be subject to the aggregation
or further Unitholders’ approval requirement under Rules 905 and 906 of the Listing Manual to the extent that there is no
subsequent change to the rates and/or bases of the property management fees and related expenses thereunder which are
adverse to A-REIT.
Fees paid to the Manager and the Property Managers
Asset/Fund management fees
FY14/15 FY13/14
$’000
$’000
– Management fee
38,137
35,594
Total fees paid to the Manager
38,137
35,594
% of Total amount available for distribution (before all fees)
10.86% 9.12%
% of Total assets
0.47% 0.48%
– Lease management fee
5,937
5,472
– Property management fee
9,324
7,934
Total fees paid to the Property Managers
15,261
13,406
% of Total amount available for distribution (before all fees)
4.35% 3.43%
% of Total assets
0.19% 0.18%
Trustee’s fee
2,323
2,146
Total fees paid to the Trustee
2,323
2,146
% of Total amount available for distribution (before all fees)
0.66% 0.55%
% of Total assets
0.03% 0.03%
Major transactional fees
FY14/15 FY13/14
$’000
$’000
– Acquisition fee
7,349
1,223
– Development management fee
–
336
– Divestment fee
63
350
Total transactional fees paid to the Manager
7,412
1,909
% of Total assets
0.09% 0.03%
– Project management fee
2,600
1,625
Total transactional fees paid to the Property Managers
2,600
1,625
% of Total assets
0.03% 0.02%
Listing of A-REIT new units
An aggregate of 3.185 million new Units were issued during the year bringing the total number of Units on issue to 2,405.7 million
as at 31 March 2015.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
