Ascendas REIT - Annual Report 2021

Property Acquisition/ Completion Date Purchase Price*/ Development Cost (S$ million) Valuation as at 31 December 2021^^ # (S$ million) West Midlands 153 Eastern Avenue 16 Aug 18 26.4 28.2 154 Vernon Road 16 Aug 18 31.0 29.0 155 1 Sun Street^ 04 Oct 18 39.1 39.6 156 The Triangle ## 04 Oct 18 48.1 36.8 157 Unit 103, Stonebridge Cross Business Park 04 Oct 18 2.2 2.4 158 Unit 302, Stonebridge Cross Business Park 04 Oct 18 35.7 41.3 159 Unit 401, Stonebridge Cross Business Park 04 Oct 18 11.0 12.3 160 Unit 402, Stonebridge Cross Business Park 04 Oct 18 8.0 9.3 161 Unit 404, Stonebridge Cross Business Park 04 Oct 18 8.4 10.6 162 Unit 1, Wellesbourne Distribution Park 04 Oct 18 43.8 49.1 163 Unit 2, Wellesbourne Distribution Park 04 Oct 18 29.1 31.2 164 Unit 3, Wellesbourne Distribution Park 04 Oct 18 41.9 44.2 165 Unit 4, Wellesbourne Distribution Park 04 Oct 18 10.7 12.0 166 Unit 5, Wellesbourne Distribution Park** 04 Oct 18 13.1 15.7 167 Unit 8, Wellesbourne Distribution Park** 04 Oct 18 21.4 23.1 168 Unit 13, Wellesbourne Distribution Park** 04 Oct 18 9.5 8.6 169 Unit 14, Wellesbourne Distribution Park 04 Oct 18 14.3 17.3 170 Unit 16, Wellesbourne Distribution Park 04 Oct 18 3.0 3.4 171 Unit 17, Wellesbourne Distribution Park 04 Oct 18 2.2 2.1 172 Unit 18, Wellesbourne Distribution Park** 04 Oct 18 1.8 1.9 173 Unit 19, Wellesbourne Distribution Park 04 Oct 18 2.1 1.8 174 Unit 20, Wellesbourne Distribution Park 04 Oct 18 4.2 5.1 175 Unit 21, Wellesbourne Distribution Park 04 Oct 18 5.3 6.9 Total (Logistics & Distribution Centres, West Midlands) 412.3 431.9 Yorkshire and the Humber 176 12 Park Farm Road 16 Aug 18 19.8 21.2 177 Units 1a, 1b, 2 & 3, Upwell Street 16 Aug 18 34.2 38.6 178 Unit 3, Brookfields Way** 16 Aug 18 22.5 28.7 179 Lowfields Way 04 Oct 18 17.8 19.0 Total (Logistics & Distribution Centres, Yorkshire and the Humber) 94.3 107.5 Total (Logistics & Distribution Centres, United Kingdom) 832.4 858.6 Notes: * Purchase Price excludes transaction cost associated with the purchase of the property. ** Purchase Price includes rental guarantee provided by the vendor. ^ Purchase Price includes outstanding incentives reimbursed by the vendor. ^^ The valuation for these properties were based on Capitalisation Approach. Valuation amount excludes rental guarantee and/or outstanding incentives (if any) reimbursed by the vendor. # Based on exchange rate of £1.0000: S$1.8153 as at 31 December 2021. ## As at 31 December 2021, these properties recorded a depreciation on revaluation against their corresponding £ values as at 31 December 2020 due to changing market conditions and/or shorter unexpired lease term. + Includes gross rental income, car park income and other income. Properties with BREEAM Excellent rating. For more details, please refer to www.ascendas-reit.com/en/sustainability/green-buildings.html Logistics & Distribution Centres U N I T E D K I N G D OM / E U R O P E Ascendas Reit 100