Ascendas REIT - Annual Report 2021

Appendix DEVELOPMENT PROJECTS Since Ascendas Reit embarked on its first development project in 2006, it has completed 17 development/ redevelopment projects. Two of the development projects, Four Acres Singapore and A-REIT Jiashan Logistics Centre in China, were divested in FY16/17. For the remaining 15 projects, the total cumulative unrealised gains achieved was S$442.6 million (35.7% over cost of development). Development Segment Development Cost (S$ million) Revaluation as at 31 December 2021 (S$ million) Completion 1 Courts Megastore Integrated Development, Amenities & Retail Properties 46.0 59.6 Nov-06 2 Giant Hypermart Integrated Development, Amenities & Retail Properties 65.4 75.2 Feb-07 3 Hansapoint Business & Science Park Properties 26.1 112.7 Jan-08 4 15 Changi North Way Logistics & Distribution Centres 36.2 47.1 Jul-08 5 Pioneer Hub Logistics & Distribution Centres 79.3 122.0 Aug-08 6 1,3 & 5 Changi Business Park Crescent Business & Science Park Properties 200.9 337.8 Feb-09, Sep-09, Dec-10 7 71 Alps Avenue Logistics & Distribution Centres 25.6 23.7 Sep-09 8 38A Kim Chuan Road Data Centres 170.0 175.2 (1) Dec-09 9 90 Alps Avenue Logistics & Distribution Centres 37.9 61.7 Jan-12 10 FoodAxis @ Senoko (2) Light Industrial Properties and Flatted Factories 57.8 93.0 Feb-12 11 Nexus @one-north Business & Science Park Properties 181.3 202.8 Sep-13 12 DBS Asia Hub Phase 2 Business & Science Park Properties 21.8 N.A. (3) Apr-15 13 Schneider Electric Building (4) High-Specifications Industrial Properties 45.2 91.5 Jun-17 14 20 Tuas Avenue 1 (5) Logistics & Distribution Centres 61.4 88.3 Apr-18 15 Grab Headquarters Business & Science Park Properties 184.6 191.5 Jul-21 Total (excluding divested properties) 1,239.5 1,682.1 Ascendas Reit 266