LOGISTICS & DISTRIBUTION CENTRES
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)
Logistics & Distribution Centres
81 279 Jalan Ahmad Ibrahim
(formerly IDS Logistics Corporate HQ)^
19 Feb 04
50.0
40.8
82 LogisTech
04 Mar 04
32.0
49.8
83 10 Toh Guan Road
05 Mar 04
92.0
126.7
84 Changi Logistics Centre**
09 Mar 04
45.6
86.2
85 Nan Wah Building**
31 May 04
23.3
27.4
86 40 Penjuru Lane
21 Jul 04
225.0
246.9
87 Xilin Districentre Building A&B
02 Dec 04
31.1
34.9
88 MacDermid Building
02 Dec 04
5.5
7.4
89 Xilin Districentre Building D**
09 Dec 04
33.5
25.3
90 9 Changi South Street 3
28 Dec 04
32.0
39.9
91 5 Toh Guan Road East**
28 Dec 04
36.4
30.3
92 Xilin Districentre Building C
05 May 05
30.6
26.4
93 Senkee Logistics Hub (Phase I & II)
23 Sep 05 &
01 Feb 08
105.2
124.8
94 1 Changi South Lane
05 Oct 05
34.8
44.7
95 Logis Hub @ Clementi
#
05 Oct 05
18.1
33.7
96 Serial I-Tech Building (formerly GSH Centre)**
18 Nov 05
11.0
16.4
97 21 Jalan Buroh
14 Jun 06
58.4
78.7
98 30 Old Toh Tuck Road
14 Jun 06
19.6
21.9
99 Sim Siang Choon Building
19 Mar 08
31.9
29.0
100 15 Changi North Way
29 Jul 08
36.2
48.4
101 Pioneer Hub
12 Aug 08
79.3
119.8
102 71 Alps Avenue
02 Sep 09
25.6
22.1
103 90 Alps Avenue
20 Jan 12
37.9
50.4
Total (Logistics & Distribution Centres)
1,095.0
1,331.9
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.
^ NLA of 279 Jalan Ahmad Ibrahim (previously known as IDS Logistics Corporate HQ) has been decommissioned for asset enhancement works to maximise the
allowable plot ratio of the land.
** As at 31 March 2016, these properties recorded a depreciation on revaluation against their corresponding values as at 31 March 2015.
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A-REIT ANNUAL REPORT
2015/2016
