LIGHT INDUSTRIAL PROPERTIES & FLATTED FACTORIES
A-R E I T ’ S P O R T F O L I O
Property
Acquisition/
Completion Date
Purchase Price*/
Development Cost (S$m)
Valuation as at
31 March 2015 (S$m)
Flatted Factories
53 Techplace I
#
19 Nov 02
105.3
141.7
54 Techplace II
#
19 Nov 02
128.9
191.8
Total (Flatted Factories)
234.2
333.5
Light Industrial Properties
55 Osim Headquarters
20 Jun 03
35.0
39.5
56 41 Changi South Avenue 2
13 Oct 03
13.5
12.2
57 12 Woodlands Loop
29 Jul 04
24.8
28.2
58 SB Building
26 Nov 04
17.8
22.6
59 247 Alexandra Road
01 Dec 04
44.8
64.8
60 5 Tai Seng Drive
01 Dec 04
15.3
19.3
61 Volex Building
01 Dec 04
9.4
13.0
62 53 Serangoon North Avenue 4
27 Dec 04
14.0
13.3
63 3 Tai Seng Drive
01 Apr 05
19.5
19.9
64 27 Ubi Road 4
01 Apr 05
12.6
12.8
65 52 Serangoon North Avenue 4
04 Apr 05
14.0
20.7
66 Hyflux Building
04 Apr 05
19.0
21.7
67 25 Ubi Road 4
16 May 05
9.0
12.0
68 BBR Building
21 Jun 05
6.8
9.3
69 Tampines Biz-Hub
05 Oct 05
16.8
21.3
70 84 Genting Lane
05 Oct 05
10.0
14.7
71 Hoya Building
#
05 Oct 05
5.3
7.8
72 NNB Industrial Building
05 Oct 05
12.0
16.7
73 37A Tampines Street 92
01 Dec 05
12.3
17.2
74 Hamilton Sundstrand Building
#
09 Dec 05
31.0
38.5
75 Thales Building ( I & II )
#
03 Jan 06 &
20 Mar 08
5.8
9.5
76 Ubi Biz-Hub
27 Mar 06
13.2
18.4
77 26 Senoko Way^
08 Jan 07
15.5
24.6^
78 2 Senoko South Road^^
08 Jan 07
33.5
36.5
79 18 Woodlands Loop
01 Feb 07
17.2
28.2
80 9 Woodlands Terrace
01 Feb 07
1.9
3.1
81 11 Woodlands Terrace
01 Feb 07
1.9
3.9
82 FoodAxis @ Senoko^^^
15 May 07
16 Feb 12
57.8
80.8
83 8 Loyang Way 1
05 May 08
25.0
23.6
84 31 Joo Koon Circle
30 Mar 10
15.0
18.3
Total (Light Industrial Properties
& Flatted Factories)
763.9
1,005.9
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.
^ 26 Senoko Way was transferred to property held for sale as at 31 March 2015 and was divested on 7 April 2015. A-REIT has recorded 26 Senoko Way at
S$24.8 million based on agreed selling price of S$24.8 million.
^^ 2 Senoko South Road’s NLA has been decommissioned as it is undergoing asset enhancement works to convert the property from a single-tenant building to
a multi-tenant food factory.
^^^ FoodAxis @ Senoko was first acquired on 15 May 2007 for S$11.2 million and was subsequently redeveloped to maximise the allowable plot ratio. The
redevelopment was completed on 16 February 2012.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
