Additional Information
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 2016 nor any material contracts entered by A-REIT or any of its subsidiaries
that involve the interests of the CEO, any Directors 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
FY15/16
FY14/15
$'000
$'000
- Base management fee
42,999
38,137
- Performance fee
17,436
–
Total fees paid to the Manager
60,435
38,137
% of Total amount available for distribution (before all fees)
13.17%
9.37%
% of Total assets
0.61%
0.47%
- Lease management fee
6,722
5,937
- Property management fee
10,605
9,324
Total fees paid to the Property Managers
17,327
15,261
% of Total amount available for distribution (before all fees)
3.78%
3.75%
% of Total assets
0.18%
0.19%
Trustee's fee
2,834
2,323
Total fees paid to the Trustee
2,834
2,323
% of Total amount available for distribution (before all fees)
0.62%
0.57%
% of Total assets
0.03%
0.03%
Major transactional fees
FY15/16
FY14/15
$'000
$'000
- Acquisition fee
15,196
7,349
- Performance fee
17,436
–
- Divestment fee
194
63
Total transactional fees paid to Manager
32,826
7,412
% of Total assets
0.33%
0.09%
- Project management fee
2,038
2,600
Total transactional fees paid to the Property Managers
2,038
2,600
% of Total assets
0.02%
0.03%
LISTING OF A-REIT NEW UNITS
An aggregate of 259.9 million new Units were issued during the year bringing the total number of Units on issue to 2,665.6
million as at 31 March 2016.
.220
A-REIT ANNUAL REPORT
2015/2016
