Ascendas REIT - Annual Report 2021

The Asset & Property Managers The daily operations of Ascendas Reit’s portfolio of properties located in Singapore, Australia, the UK/Europe and USA are undertaken by asset and property managers that are wholly owned subsidiaries of CapitaLand Investment, as well as third-party managing agents. The asset and property managers have over 200 staff members located across markets that Ascendas Reit operates in, providing professional services to customers, and enhancing the market positioning and attractiveness of Ascendas Reit’s properties so as to maximise returns to Unitholders. The asset and property managers have the following key responsibilities: Asset & Property Managers ASSET MANAGEMENT • Execute asset management strategy formulated by the Manager • Oversee property performance, lease management, building safety, etc. • Oversee third-party managing agents MARKETING & LEASING Proactive prospecting of customers and partnership with leasing agents to improve occupancy and revenue of properties PROJECT MANAGEMENT Provide expertise in areas of design, construction and project management for development projects and asset enhancement initiatives FACILITIES MANAGEMENT Ensure that the property specifications and service levels commensurate with the intended market positioning of each property 32 Ascendas Reit