BUSINESS & SCIENCE PARK PROPERTIES
A-R E I T ’ S P O R T F O L I O
Notes:
The valuation for these properties were based on Capitalisation Approach and Discounted Cash Flow Analysis.
# Acquired from Ascendas Group.
* Purchase price excludes transaction costs.
^ A-REIT has recorded The Kendall at S$113.7 million based on cost incurred upon acquisition.
** The total Gross Income of Business & Science Park Properties exclude the incentive payments for Ascendas Z-link and A-REIT City @Jinqiao, amounting to S$7.1 million.
Property
Acquisition/
Completion Date
Purchase Price*/
Development Cost (S$m)
Valuation as at
31 March 2015 (S$m)
one-north
1 Neuros & Immunos
#
31 Mar 11
125.6
131.0
2 Four Acres Singapore
23 Apr 13
30.7
58.3
3 Nexus @one-north
04 Sep 13
181.3
189.4
Total (one-north Properties)
337.6
378.7
International Business Park
4 Techquest
#
05 Oct 05
7.5
24.8
5 13 International Business Park
10 Oct 06
20.0
25.5
6 iQuest@IBP
12 Jan 07
18.6
35.0
7 Acer Building
19 Mar 08
75.0
83.9
8 31 International Business Park
26 Jun 08
246.8
216.1
9 Nordic European Centre
08 Jul 11
121.6
116.1
Total (International Business Park Properties)
489.5
501.4
Changi Business Park
10 Honeywell Building
#
19 Nov 02
32.8
70.5
11 1 Changi Business Park Avenue 1
30 Oct 03
18.0
48.6
12 Hansapoint@CBP
22 Jan 08
26.1
86.9
13 1, 3 & 5 Changi Business Park Crescent
16 Feb 09
25 Sep 09
31 Dec 10
200.9
333.0
14 DBS Asia Hub
#
31 Mar 10
116.0
152.3
15 AkzoNobel House
08 Dec 11
80.0
68.1
Total (Changi Business Park Properties)
473.8
759.4
Singapore Science Park I
16 PSB Science Park Building
18 Nov 05
35.0
82.0
17 The Rutherford & Oasis
#
26 Mar 08
51.5
82.2
18 Cintech I
#
29 Mar 12
47.1
48.6
19 Cintech II
#
29 Mar 12
35.3
43.9
20 Cintech III & IV
#
29 Mar 12
100.7
118.2
Total (Singapore Science Park I Properties)
269.6
374.9
Singapore Science Park II
21 The Alpha
#
19 Nov 02
52.3
117.9
22 The Aries
#
19 Nov 02
39.4
69.5
23 The Capricorn
#
19 Nov 02
71.8
129.0
24 The Gemini
#
19 Nov 02
72.9
139.7
25 The Galen
#
25 Mar 13
126.0
133.9
26 The Kendall
#
30 Mar 15
112.0
116.4^
Total (Singapore Science Park II Properties)
474.4
706.4
Business Park (China)
27 Ascendas Z-link
#
03 Oct 11
61.8
108.0
28 A-REIT City @Jinqiao
12 Jul 13
122.3
201.2
Total (Business Park China)
184.1
309.2
Total (Business & Science Parks Properties)
2,229.0
3,030.0
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
