BUSINESS & SCIENCE PARK PROPERTIES
S I N G A P O R E
Property
Acquisition/
Completion Date
Purchase Price*/
Development Cost (S$m)
Valuation as at
31 March 2016 (S$m)
One-North
1 Neuros & Immunos
#
**
31 Mar 11
125.6
121.4
2 Four Acres Singapore^
23 Apr 13
30.7
60.0
3 Nexus @one-north
04 Sep 13
181.3
191.4
Total (one-north Properties)
337.6
372.8
International Business Park
4 Techquest
#
05 Oct 05
7.5
25.4
5 13 International Business Park**
10 Oct 06
20.0
22.4
6 iQuest@IBP
12 Jan 07
18.6
35.9
7 Acer Building**
19 Mar 08
75.0
83.0
8 31 International Business Park
26 Jun 08
246.8
227.7
9 Nordic European Centre**
08 Jul 11
121.6
113.2
Total (International Business Park Properties)
489.5
507.6
Changi Business Park
10 Honeywell Building
#
19 Nov 02
32.8
73.5
11 1 Changi Business Park Avenue 1**
30 Oct 03
18.0
43.0
12 Hansapoint@CBP
22 Jan 08
26.1
90.7
13 1, 3 & 5 Changi Business Park Crescent**
16 Feb 09
25 Sep 09
31 Dec 10
200.9
312.4
14 DBS Asia Hub
#
31 Mar 10
137.8
168.2
15 AkzoNobel House**
08 Dec 11
80.0
62.5
16 ONE@Changi City
#
01 Mar 16
420.0
439.0
Total (Changi Business Park Properties)
915.6
1,189.3
Science Park I
17 PSB Science Park Building
18 Nov 05
35.0
82.0
18 The Rutherford & Oasis
#
26 Mar 08
51.5
91.3
19 Cintech I
#
29 Mar 12
47.1
56.9
20 Cintech II
#
29 Mar 12
35.3
46.4
21 Cintech III & IV
#
29 Mar 12
100.7
128.5
Total (Science Park I Properties)
269.6
405.1
Science Park II
22 The Alpha
#
**
19 Nov 02
52.3
115.3
23 The Aries, Sparkle & Gemini**
19 Nov 02
129.2
205.1
24 The Capricorn
#
19 Nov 02
71.8
129.5
25 The Galen
#
25 Mar 13
126.0
153.3
26 The Kendall
#
30 Mar 15
112.0
127.7
Total (Science Park II Properties)
491.3
730.9
Total (Business & Science Park Properties)
2,503.6
3,205.7
Notes:
The valuation for these properties were based on Capitalisation Approach and Discounted Cash Flow Analysis.
* Purchase price excludes transaction costs.
# Acquired from Ascendas-Singbridge Group.
^ Four Acres Singapore was divested on 29 April 2016.
## Purchase Price excludes transaction cost associated to the purchase of the property.
** As at 31 March 2016, these properties recorded a depreciation on revaluation against their corresponding values as at 31 March 2015.
.54
A-REIT ANNUAL REPORT
2015/2016
