A-R E I T ’ S P O R T F O L I O
INTEGRATEDDEVELOPMENT, AMENITIES&RETAILPROPERTIES
Multiple types of spaces within one integrated development
29.
Courts Megastore
31.
Aperia
30.
Giant Hypermart
Property
Acquisition/
Completion
Date
Purchase
Price*/
Development
Cost (S$m)
Valuation
as at 31
March
2015 (S$m)
GFA
(sqm)
NLA
(sqm)
Address
Gross
Income
for
FY14/15
(S$m)
Occupancy
Rate as at
31 March
2015
29 Courts
Megastore
30 Nov 06
46.0
65.5
28,410 28,410 50 Tampines
North Drive 2
6.9 100.0%
30 Giant Hypermart
06 Feb 07
65.4
86.0
42,193 42,178 21 Tampines
North Drive 2
8.1 100.0%
31 Aperia
08 Aug 14
458.0
507.2 86,696 68,735 8, 10, 12
Kallang
Avenue
14.7 79.7%
Total (Integrated
Development,
Amenities &
Retail Properties)
569.4
658.7 157,299 139,323
29.7
90.0%
Note:
The valuation for these properties were based on Capitalisation Approach and Discounted Cash Flow Analysis.
* Purchase price excludes transaction costs.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
