Ascendas REIT - Annual Report 2021

The Manager’s Review of FY2021 100 & 108 WICKHAM STREET, BRISBANE, AUSTRALIA 100 and 108 Wickham Street are suburban office buildings located in the fringe of Brisbane’s CBD and within the vibrant suburb of Fortitude Valley. The freehold properties were acquired from 100W Pty Ltd in September 2017 and from 108 Wickham Pty Ltd in December 2017 respectively. Enhancement works included an upgrade of furnishing in the ground floor lobby and creation of collaboration spaces. The central courtyard was refreshed with added landscaping and seating and architectural canopies were added to integrate and unify the identity of both buildings. Total project cost: S$11.1 million Completion date: April 2021 HANSAPOINT, SINGAPORE Hansapoint was a greenfield development at Changi Business Park completed in January 2008. The seven-storey building is in close proximity to Singapore Expo and Singapore Changi Airport and is easily accessible via the Pan Island Expressway and East Coast Parkway. Asset enhancement works included upgrading of the main entrance, lift lobby, common corridors, toilets and construction of a new canopy at the passenger pick up point. New facilities such as a gymnasium and end-of-trip facilities were incorporated to enhance tenants’ experience. Total project cost: S$7.5 million Completion date: December 2021 Annual Report 2021 43