Ascendas REIT - Annual Report 2021

The Manager’s Review of FY2021 GALAXIS (75% INTEREST), SINGAPORE The remaining 75% interest in Galaxis was acquired from Ascendas Fusion 5 Holding Pte Ltd. Galaxis is a 17-storey building with business park and office space, a two- storey retail and F&B podium, a five-storey building with work lofts and a two-storey basement carpark. Located strategically in the heart of Fusionopolis it has direct access to one-north MRT station, and is a 5-minute drive to Ayer Rajah Expressway and a 15-minute drive to the Central Business District (CBD). The property has a BCA Green Mark Platinum rating. Purchase Consideration: S$534.4 million Acquisition date: 30 June 2021 11 LAST-MILE LOGISTICS PROPERTIES IN KANSAS CITY, USA The portfolio was acquired from ColFin 2017-11 Industrial Owner, LLC and ColFin Cobalt I-II Owner, LLC. The properties are located across infill locations within the established submarkets of South Johnson County, North Johnson County, Eastern Jackson County and Northland in the desirable Midwestern logistics hub of Kansas City. They are located on freehold land and have highly functional designs with sizes ranging between 6,800 sq m and 32,337 sq m which are well-suited for the typical mid-size space demand in infill locations. The diverse customer base includes third-party logistics, wholesale distribution, manufacturing and healthcare. Purchase Consideration: S$207.8 million Acquisition date: 5 November 2021 Airworld 2 Warren North Topping Lackman Business Center 1-3 Annual Report 2021 41