Ascendas REIT - Annual Report 2021

What Ascendas Reit Invests In Business & Science Park Properties, Suburban Offices and Offices Characteristics In Singapore, business & science park properties are clusters of business space, corporate headquarter (HQ) buildings and research and development (R&D) space in government designated zones. Manufacturing activities are not allowed in these properties. In Australia, the suburban offices comprise high-quality office space located in precincts outside the central business districts. The properties are well-serviced by public transportation and surrounding amenities include F&B and shopping malls. The business park properties in USA are located within leading submarket corporate campus environments. These campuses house a critical mass of established, growth and start-up technology companies, and are in proximity to top research universities and institutions, contributing to the vibrant innovation ecosystems. Typical Customers Singapore: Regional corporate HQs of industrial companies and multinational corporations (MNCs); backroom support office of financial institutions; IT firms, R&D companies in various fields including life sciences, food & flavouring, chemicals, data analytics and electronics. Australia: Government departments, professional services, distributors & trading companies and media companies. USA: Information & communications technology, biomedical sciences, media and financial services companies. Integrated Development, Amenities & Retail (IDAR) Properties Characteristics Located in Singapore, IDAR properties comprise two or more types of space such as business space, retail and warehousing facility within one integrated development. Typically, IDAR projects are larger scale developments that possess requisite infrastructure and amenities to meet modern business needs. Typical Customers MNCs and corporations that desire quality space at locations with a more comprehensive range of amenities to house their corporate HQ and conduct their businesses under one roof. Tenants include companies in the IT services, fast-moving consumer goods, engineering, warehousing and retail activities. Light Industrial Properties and Flatted Factories Characteristics Properties in Singapore with low business space content combined with manufacturing space. The manufacturing content in light industrial properties is higher compared to high-specifications industrial buildings. Flatted factories, a subset of light industrial properties, are stacked-up manufacturing space used for general manufacturing. Ground floor space tends to command higher rental rate due to higher floor loading and better accessibility. Typical Customers Companies which house their light manufacturing activities and HQ operations within a single facility. Popular with local small & medium sized enterprises engaged in general manufacturing activities. Some MNC manufacturers also house their manufacturing operations in such buildings. High-Specifications Industrial Properties and Data Centres Characteristics Vertical corporate campuses in Singapore with higher business space content combined with high-specifications mixed-use industrial space. Properties typically have modern facades, air-conditioned units, and sufficient floor loading and ceiling height as well as high power capacity to allow both office functions and manufacturing activities to be carried out. Data centres in Singapore and Europe house heavy equipment such as servers. Typical Customers Multinational industrial companies and large local companies that wish to co-locate their HQ functions with manufacturing services, engineering and R&D activities. Logistics & Distribution Centres Characteristics Warehouses and distribution centres equipped with high floor loading and floor height. In Singapore, the warehouses include single-storey or multi-storey facilities with vehicular ramp access and multi-storey facilities with heavy duty cargo lift access. In Australia, the UK and USA, the warehouses are highly- functional facilities located in close proximity to major transport infrastructure. Typical Customers Third party logistics providers, manufacturers, end-users and distributors and trading companies. Annual Report 2021 19