Ascendas REIT - Annual Report 2021

Appendix DIVESTED DEVELOPMENT PROJECTS Development Segment Development Cost (S$’m) Divestment Date Completion 16 Four Acres Singapore Business & Science Park Properties 58.7 Apr-16 Apr-13 17 Jiashan Logistics Facility Logistics & Distribution Centres 22.1 Jun-16 Mar-16 Total 80.8 Notes: (1) 38A Kim Chuan Road was valued by independent valuer at S$175.2 million. Ascendas Reit has recorded the property at S$175.2 million comprising S$129.8 million in land and building, and S$45.4 million in M&E equipment. (2) FoodAxis @ Senoko (previously known as 1 Senoko Avenue) was first acquired on 15 May 2007 for S$11.2 million. It was subsequently redeveloped to maximise the allowable plot ratio. (3) Valuation for DBS Asia Hub Phase 2 is not available. The entire property was valued at S$206.0 million. (4) Schneider Electric Building was acquired on 27 February 2006 for S$28.6 million. It was subsequently redeveloped and leased to a single- tenant. (5) 20 Tuas Avenue 1 was acquired on 19 February 2004 for S$50.0 million and was subsequently redeveloped to maximise the allowable plot ratio. Redevelopment cost does not include land premium. Annual Report 2021 267